---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-000444"
form_type: "8-K"
ticker: "NSA"
cik: "0001618563"
company_name: "National Storage Affiliates Trust"
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T03:59:49.906980+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# NSA amends executive LTIP awards after peer group merger; shifts performance metrics

## Summary
- Peer group reduced from 4 to 3 after merger of two peers in July 2023.
- For 2022 & 2023 awards, performance allocation changed: 30% peer TSR (previously 50%) and 70% MSCI REIT index.
- Peer TSR component now compares NSA TSR to 3-year weighted average of peers plus/minus basis points.
- Fair value of awards decreased as a result of modifications.
- Amendments adjust for potential removal of additional peers with 10% shift between components.

## SEC filing metadata
- accession: 0001628280-24-000444
- form_type: 8-K
- ticker: NSA
- cik: 0001618563
- company_name: National Storage Affiliates Trust
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618563/000162828024000444/0001628280-24-000444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618563/000162828024000444/nsa-20231229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-000444
- JSON: https://secwatch.observer/filing/0001628280-24-000444.json
- Plain text: https://secwatch.observer/filing/0001628280-24-000444.txt

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