Public Storage appoints Christopher Sambar as COO and principal operating officer

Public Storage

Sambar, 51, joined Oct 14, 2024; previously President of AT&T Network overseeing ~27,000 employees.
Initial annual base salary of $800,000; eligible for annual cash and equity awards starting 2025.
Received $1M make-whole cash bonus; equity awards of $2.5M vested shares and $5M time-vesting LTIP units.
LTIP units vest in three equal annual installments; indemnification agreement entered into.
Sambar also serves as director of AST SpaceMobile (NASDAQ: ASTS) since June 2024.

item 5.02

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Appointed

Christopher Sambar

Chief Operating Officer

PSA · Public Storage

Effective: 2024-10-30
Filed: October 31, 2024, 7:59 PM ET

On October 30, 2024, the Board of Trustees of Public Storage appointed Christopher Sambar, the Company’s Chief Operating Officer, as an executive officer of the Company to serve as its principal operating officer, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Sambar was appointed as Chief Operating Officer at Public Storage.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On October 30, 2024, the Board of Trustees of Public Storage appointed Christopher Sambar, the Company’s Chief Operating Officer, as an executive officer of the Company to serve as its principal operating officer, effective immediately.

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Source: SEC EDGAR

accession 0001193125-24-248690

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