---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-248690"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:21:33.934773+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Public Storage appoints Christopher Sambar as COO and principal operating officer

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-248690
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000119312524248690/0001193125-24-248690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000119312524248690/d873750d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-248690
- JSON: https://secwatch.observer/filing/0001193125-24-248690.json
- Plain text: https://secwatch.observer/filing/0001193125-24-248690.txt

## Key facts
- Executive change
  Christopher Sambar was appointed as Chief Operating Officer at Public Storage.
  - Action: appointed
  - Role: Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000119312524248690/0001193125-24-248690-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.