PS Business Parks, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Incentive Compensation - Stock Options (Details)

v3.22.4

Incentive Compensation - Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	5 Months Ended	7 Months Ended	12 Months Ended
	Dec. 31, 2022	Jul. 19, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Options
Outstanding, beginning balance (in shares)	0	159,570	159,570	171,694	157,830
Granted (in shares)	0	0		38,000	18,000
Exercised (in shares)	0	(27,403)		(55,546)	(4,136)
Forfeitures (in shares)	0	(132,167)		0	0
Special cash dividend adjustment (in usd per share)				$ 124.13
Special cash dividend adjustment (in shares)				5,422
Outstanding, ending balance (in shares)	0	0	0	159,570	171,694
Exercisable (in shares)	0		0
Weighted Average Exercise Price
Outstanding, beginning balance (in usd per share)	$ 0	$ 123.87	$ 123.87	$ 108.29	$ 104.92
Granted (in usd per share)	0	0		162.63	127.22
Exercised (in usd per share)	0	76.76		90.24	62.69
Forfeited (in usd per share)	0	133.64		0	0
Outstanding, ending balance (in usd per share)	0	$ 0	0	$ 123.87	$ 108.29
Exercisable (in usd per share)	$ 0		$ 0
Weighted Average Remaining Contract Life
Outstanding at December 31, 2022 - Successor			0 years
Exercisable at December 31, 2022 - Successor			0 years
Aggregate Intrinsic Value
Outstanding at December 31, 2022 - Successor	$ 0		$ 0
Exercisable at December 31, 2022 - Successor	$ 0		$ 0

- Definition

Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Intrinsic Value

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Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Special Cash Dividend Adjustment, Weighted Average Exercise Price

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The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.

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The weighted-average price as of the balance sheet date at which grantees can acquire the shares reserved for issuance on vested portions of options outstanding and currently exercisable under the stock option plan.

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The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.

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Gross number of share options (or share units) granted during the period.

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Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.

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Number of options outstanding, including both vested and non-vested options.

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Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.

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Weighted average price at which option holders acquired shares when converting their stock options into shares.

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Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.

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Amount of difference between fair value of the underlying shares reserved for issuance and exercise price of vested portions of options outstanding and currently exercisable.

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Weighted average remaining contractual term for vested portions of options outstanding and currently exercisable or convertible, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Weighted average remaining contractual term for option awards outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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Number of share options (or share units) exercised during the current period.

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