John Esbenshade
About John Esbenshade
John J. Esbenshade, 44, is National Storage Affiliates Trust’s Chief Accounting Officer (CAO) effective January 1, 2025; he previously served as Senior Vice President and Controller (since September 2022) and Vice President and Controller (since March 2019). He is a certified public accountant with an M.S. in Business Administration (accounting) and B.S. in Business Administration (finance) from the University of Colorado–Boulder (Leeds School of Business), and is a member of the AICPA . Company-level context during his recent tenure: NSA’s revenues and EBITDA declined in FY2023–FY2024 amid sector headwinds, informing the backdrop for financial reporting oversight.
NSA performance context (company-level):
| Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenues ($USD) | $776,438,000* | $828,377,000* | $742,973,000* |
| EBITDA ($USD) | $534,084,000* | $564,060,000* | $467,320,000* |
Values retrieved from S&P Global.*
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| National Storage Affiliates Trust | Chief Accounting Officer; Principal Accounting Officer signing FY2024 Form 10-K | Jan 1, 2025 – present | Principal accounting oversight; SEC filings signatory |
| National Storage Affiliates Trust | Senior Vice President & Controller | Sep 2022 – Dec 2024 | Led corporate controllership during PRO internalization period |
| National Storage Affiliates Trust | Vice President & Controller | Mar 2019 – Sep 2022 | Built and scaled accounting controls and reporting |
| Prologis (NYSE: PLD) | Vice President, Technical Accounting & Strategic Capital | 2014 – 2019 | Directed technical accounting and strategic capital initiatives |
| Deloitte | Audit practice, Senior Manager | 2003 – 2014 | Led public company audits; advanced technical accounting expertise |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| American Institute of Certified Public Accountants (AICPA) | Member | Current | Professional standards adherence and continued development |
Fixed Compensation
Not disclosed for John Esbenshade (not a named executive officer in the 2025 proxy) . The January 7, 2025 Form 8-K notes no arrangements or understandings pursuant to which he was named CAO .
Performance Compensation
Not disclosed for John Esbenshade. NSA’s detailed annual cash bonus metrics and long-term performance equity design are disclosed for named executive officers only and do not list Esbenshade .
Equity Ownership & Alignment
- Beneficial ownership for Esbenshade is not itemized in the proxy’s ownership table (table lists NEOs, trustees, and certain officers but does not include him) .
- Stock ownership guidelines: NSA requires minimum equity ownership for executive officers and certain other officers; the CNCG Committee reports that “as of March 14, 2025, each officer and independent trustee complied” .
- Hedging/pledging policy: Hedging of company securities is prohibited; pledging is limited for Section 16 officers and trustees (≤50% of individual holdings or ≤2.5% of outstanding common shares, subject to Board-approved exceptions) .
Employment Terms
- Appointment: Promoted to CAO effective January 1, 2025 (Brandon S. Togashi resigned as CAO in connection with this appointment) .
- Contracts & related parties: No arrangements or understandings pursuant to which he was named CAO; no family relationships; not party to any transaction requiring Item 404(a) related-party disclosure .
- Change-in-control, severance, non-compete: Not disclosed for Esbenshade. (Employment agreement and change-in-control terms published are specific to named executive officers and do not list Esbenshade) .
Investment Implications
- Alignment signals: CPA credentials, deep public REIT experience (Prologis), long NSA tenure culminating in CAO, SEC signatory responsibility, and company-wide officer compliance with ownership guidelines collectively indicate strong governance and alignment .
- Retention risk: No disclosed compensation or employment agreement terms for Esbenshade limit visibility on pay-for-performance and severance protections; monitor future proxy/8-K updates for compensation detail .
- Trading signals: No Form 4 insider transactions indexed for NSA in this dataset; monitor forthcoming filings for vesting-related sales or pledging changes and watch post-internalization performance-based award outcomes among senior executives for broader insider pressure indicators [ListDocuments returned 0 for type “4”].