CEO Salary & Executive Compensation
Public Storage PSA
CEO: Joe Russell · Self-Storage REITs · 6,700 employees
Joe Russell, CEO of Public Storage (PSA), earned $8.0M in total compensation in 2025. Public Storage receives a Pay-for-Performance grade of B (70/100), with a CEO-to-worker pay ratio of 114:1 and a say-on-pay shareholder approval of 94.8%. The company's 3-year total shareholder return is +8.5%.
How Public Storage CEO Pay Compares
Joe Russell's $8.0M total compensation is 0% below the Self-Storage REITs industry median of $8.0M. The 114:1 CEO-to-worker pay ratio is 0% lower than the industry average of 114:1.
Total compensation for Joe Russell at Public Storage (PSA) was $8.0M. Mid-cap public-company CEO packages tend to track this pattern — equity-heavy, multi-year vesting, performance-tied.
The CEO-to-median-worker pay ratio runs 114x. Lower ratios typically reflect companies with higher-paid workforces (financial services, technology, professional services) where the median worker pay denominator is itself substantial. Performance has been muted across the three-year window: 8.5% TSR, 3.3% revenue change. Stagnant performance combined with substantial CEO pay is the classic setup for proxy-advisor opposition on say-on-pay votes.
Say-on-pay support was strong at 95%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. Public Storage operates in Self-Storage REITs with 6,700 employees and $4.5B in annual revenue, and currently carries a market capitalization of $52.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Public Storage (PSA).
Compensation Breakdown
Joe Russell's $8.0M total compensation package for fiscal year 2025 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
More Self-Storage REITs Companies
Joe Russell, CEO of Public Storage (PSA), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Joe Russell, CEO of Public Storage (PSA), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Public Storage has a Pay-for-Performance Score of B (70/100). The company's 3-year total shareholder return is +8.5%, and the say-on-pay shareholder vote passed with 94.8% approval.
The CEO-to-median-worker pay ratio at Public Storage is 114:1. The median worker at Public Storage earns $70K per year, while CEO Joe Russell earns $8.0M in total compensation.
Public Storage employs approximately 6,700 people. The company operates in the Self-Storage REITs industry within the Real Estate sector, generating $4.5B in annual revenue.