Public Storage Management
Management criteria checks 4/4
Public Storage's CEO is Joe Russell, appointed in Jul 2016, has a tenure of 8.17 years. total yearly compensation is $8.78M, comprised of 10.3% salary and 89.7% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth $6.89M. The average tenure of the management team and the board of directors is 6 years and 5.4 years respectively.
Key information
Joe Russell
Chief executive officer
US$8.8m
Total compensation
| CEO salary percentage | 10.3% |
| CEO tenure | 8.2yrs |
| CEO ownership | 0.01% |
| Management average tenure | 6yrs |
| Board average tenure | 5.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$2b |
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | US$9m | US$900k | US$2b |
| Sep 30 2023 | n/a | n/a | US$2b |
| Jun 30 2023 | n/a | n/a | US$4b |
| Mar 31 2023 | n/a | n/a | US$4b |
| Dec 31 2022 | US$9m | US$800k | US$4b |
| Sep 30 2022 | n/a | n/a | US$4b |
| Jun 30 2022 | n/a | n/a | US$2b |
| Mar 31 2022 | n/a | n/a | US$2b |
| Dec 31 2021 | US$10m | US$800k | US$2b |
| Sep 30 2021 | n/a | n/a | US$1b |
| Jun 30 2021 | n/a | n/a | US$1b |
| Mar 31 2021 | n/a | n/a | US$1b |
| Dec 31 2020 | US$5m | US$700k | US$1b |
| Sep 30 2020 | n/a | n/a | US$1b |
| Jun 30 2020 | n/a | n/a | US$1b |
| Mar 31 2020 | n/a | n/a | US$1b |
| Dec 31 2019 | US$4m | US$700k | US$1b |
| Sep 30 2019 | n/a | n/a | US$1b |
| Jun 30 2019 | n/a | n/a | US$1b |
| Mar 31 2019 | n/a | n/a | US$2b |
| Dec 31 2018 | US$2m | US$600k | US$1b |
| Sep 30 2018 | n/a | n/a | US$1b |
| Jun 30 2018 | n/a | n/a | US$1b |
| Mar 31 2018 | n/a | n/a | US$1b |
| Dec 31 2017 | US$3m | US$600k | US$1b |
Compensation vs Market: Joe's total compensation ($USD8.78M) is below average for companies of similar size in the US market ($USD13.02M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
CEO
Joe Russell (64 yo)
8.2yrs
Tenure
US$8,776,291
Compensation
Mr. Joseph D. Russell Jr., also known as Joe, has been the President at Public Storage since July 1, 2016 and serves as its Chief Executive Officer and Director since January 01, 2019. Mr. Russell served a...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Trustee | 8.2yrs | US$8.78m | 0.011% $ 6.9m | |
| Senior VP | 5.7yrs | US$6.34m | 0.0058% $ 3.7m | |
| Senior VP & Chief Administrative Officer | 4.1yrs | US$4.87m | 0.0046% $ 2.9m | |
| Senior VP | 5.4yrs | US$2.60m | 0.0016% $ 1.0m | |
| Founder | no data | no data | no data | |
| Executive Vice President of Operations | 6.7yrs | no data | no data | |
| Executive VP of Finance & Accounting | no data | no data | no data | |
| Chief Technology Officer | no data | no data | no data | |
| Vice President of Investor Relations | 6.3yrs | no data | no data | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Senior Vice President of Acquisitions | no data | no data | no data | |
| Senior Vice President of Construction | no data | no data | no data |
6.0yrs
Average Tenure
48yo
Average Age
Experienced Management: PSA.PRS's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Trustee | 5.7yrs | US$8.78m | 0.011% $ 6.9m | |
| Independent Trustee | 14.6yrs | US$384.08k | 0.0069% $ 4.4m | |
| Independent Trustee | 5.7yrs | US$364.08k | 0.089% $ 56.0m | |
| Chairman of the Board Trustees | 22.7yrs | US$364.08k | 0.18% $ 114.8m | |
| Independent Trustee | 3.7yrs | US$379.08k | 0% $ 0 | |
| Trustee | less than a year | no data | 0.0048% $ 3.0m | |
| Independent Trustee | 14.6yrs | US$384.08k | 0.018% $ 11.2m | |
| Independent Trustee | 3.7yrs | US$371.58k | 0.00050% $ 315.6k | |
| Independent Trustee | 15.8yrs | US$364.08k | 9.87% $ 6.2b | |
| Independent Trustee | 5.2yrs | US$371.58k | 0.00047% $ 296.6k | |
| Independent Trustee | 3.7yrs | US$371.58k | 0.0044% $ 2.8m | |
| Lead Independent Trustee | 3.9yrs | US$389.08k | 0.0012% $ 776.3k |
5.4yrs
Average Tenure
64yo
Average Age
Experienced Board: PSA.PRS's board of directors are considered experienced (5.4 years average tenure).