Stock Plan Administrator
Company Description
Since opening our first self-storage facility in 1972, Public Storage has grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable square feet of real estate, we're also one of the largest landlords.
We've been recognized as A Great Place to Work by the Great Place to Work Institute. And, our employees have also voted us as having Best Career Growth, ranked us in the Top 5% for Work Culture, and in the Top 10% for Diversity and Inclusion.
We're a member of the S&P 500 and FT Global 500. Our common and preferred stocks trade on the New York Stock Exchange.
Job Description
The Stock Plan Administrator will administer and manage all aspects of the company’s equity compensation plan including transactions, record keeping, reconciliation and reporting. The Stock Plan Administrator will work cross-functionally with Human Resources, Legal, Accounting, and Tax to ensure timely and accurate equity compensation plan administration.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Administer the equity compensation plan, consisting primarily of restricted stock units, stock options, and limited partnership interests (LTIP Units and AO LTIP Units) in the Company’s operating partnership, to ensure timely and accurate execution on a daily basis
Partner closely with Human Resources, Payroll, Legal, Tax, Accounting and Financial Reporting teams; as well as our stock transfer agent (Computershare) and stock administration service provider (Charles Schwab)
Provide a superior level of customer service to employees, executive management and others; support employee understanding of equity awards
Prepare and process new awards, exercises, expirations, terminations, tax withholdings and other plan-related actions
Maintain accurate and complete plan record keeping using Charles Schwab EquiView platform while ensuring ongoing quality control
Review equity grants to ensure they are granted in accordance with equity plan documents; maintain equity plan documentation, including prospectus and award agreements
Coordinate with Legal on insider trading windows and Section 16 reporting
Prepare reports and reconciliations to assist in the review of equity and transaction data for public reporting, and to support compensation reviews and grant planning
Conduct analysis and prepare reports as requested by internal teams, including Executive Management and the Board of Trustees
Ensure SOX compliance with respect to reporting and documentation and maintain supporting documentation for internal and external auditors and respond accurately, thoroughly and timely to requests for data
Qualifications
Bachelor’s Degree in Business, Finance or Accounting preferred
10+ years of experience in stock plan administration for a publicly traded company
Certified Equity Professional (CEP) designation is a plus
Strong attention to detail and customer-focused approach
Ability to organize and analyze financial data on a quick turnaround time
Strong verbal, written and interpersonal communication skills and an ability to communicate effectively
Advanced in Microsoft Office - Excel and PowerPoint
Experience with navigating in Charles Schwab or similar platforms
Knowledge of inside trading rules and proficient in Section 16 filings (Forms 3, 4 and 5)
Experience with U.S. federal and state taxation relating to equity compensation
Experience with REIT LTIP programs a plus but not required
Additional Information
Workplace
- One of our values pillars is to work as OneTeam and we believe that there is no replacement for in-person collaboration but understand the value of some flexibility. Public Storage teammates are expected to work in the office five days each week with the option to take up to three flexible remote days per month.
- Our office is based in Plano, east of I75 near E. Park Blvd, just North of Historic Downtown Plano.
Public Storage is an equal opportunity employer and embraces diversity. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status. All qualified candidates are encouraged to apply.
Average salary estimate
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Are you ready to take your career to the next level as a Stock Plan Administrator at Public Storage in Plano, TX? If you're passionate about equity compensation and have a knack for attention to detail, then this opportunity fits you perfectly! At Public Storage, the largest owner and operator of self-storage facilities in the world, we're on the lookout for a dedicated Stock Plan Administrator to manage our dynamic equity compensation plan. You'll be at the heart of our cross-functional efforts, collaborating with teams from Human Resources, Legal, Accounting, and Tax to ensure flawless administration of our equity plans. Your daily tasks will involve processing new awards, handling exercises and expirations, and preparing important reports for management and our esteemed Board of Trustees. We're looking for someone with a strong customer service mindset, ready to assist employees in navigating their equity awards. With a preference for those holding a Bachelor’s degree in Business or Finance and over 10 years of relevant experience, especially with publicly traded companies, you will thrive in an environment that values precision and teamwork. At Public Storage, we understand the importance of work-life balance, so while we cherish in-person collaboration, we also offer flexibility with up to three remote days per month. Join us and become part of a workplace recognized for its culture and diversity. If you're passionate about enhancing your skills in a supportive environment while managing a cutting-edge stock plan, we’d love to hear from you!
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Since opening our first self-storage facility in 1972, we've grown to become the largest owner and operator of self-storage facilities in the world. With thousands of locations across the U.S. and Europe, and more than 170 million net rentable squ...
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