---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-048660"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2026-02-12T23:59:59+00:00"
generated_at: "2026-05-16T02:57:46.348447+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Public Storage announces CEO succession, new Chairman, relocation to Frisco, and PS4.0 strategy

## Summary
- CEO Joe Russell retiring March 31, 2026; CFO Tom Boyle appointed CEO effective April 1, 2026.
- Shankh Mitra (Welltower CEO) named non-executive Chairman; invests $25M in 10-year options at $350 strike.
- Joe Fisher named President & CFO from UDR; Natalia Johnson and Chris Sambar promoted to Presidents.
- Corporate HQ relocated from Glendale, CA to Frisco, TX effective immediately; PS4.0 strategic plan unveiled.
- Russell consulting agreement: $400K/month through March 2027; new TSR-based incentive program for executives.

## SEC filing metadata
- accession: 0001193125-26-048660
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2026-02-12T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000119312526048660/0001193125-26-048660-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000119312526048660/d793613d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-048660
- JSON: https://secwatch.observer/filing/0001193125-26-048660.json
- Plain text: https://secwatch.observer/filing/0001193125-26-048660.txt

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