Tiffany Kenyon
About Tiffany Kenyon
Tiffany S. Kenyon, age 50, is Executive Vice President, Chief Legal Officer, and Secretary at National Storage Affiliates (NSA). She joined NSA in 2018, became EVP in January 2022, Secretary in January 2020, and Chief Legal Officer in January 2023; she has 25+ years of legal experience in finance, securities, capital markets, M&A, and commercial transactions; education includes a JD (Order of the Coif) from the University of Colorado at Boulder and a BS in Business Administration (Phi Beta Kappa) from the University of North Carolina at Chapel Hill . Company performance context for 2024: same store revenues fell 3.0% and same store NOI fell 5.5% YoY; NSA acquired 25 facilities ($212.7M), sold 40 properties ($273.1M), completed PRO internalization, and repurchased 7.4M shares ($275.2M) . Pay-versus-performance shows 2024 compensation actually paid vs TSR and Core FFO per share ($2.44); NSA’s $100 TSR value was $142 vs peer group $118 in 2024, while 3-year relative TSR for 2022 awards ranked ~24th percentile causing no vest on Jan 1, 2025 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| NSA | Senior Vice President & Senior Legal Officer | May 2018 – Dec 2021 | Senior legal leadership across corporate/securities, financing, M&A, and commercial transactions |
| NSA | General Counsel | Jan 2022 – Dec 2022 | Led legal function; governance and capital markets support |
| NSA | Executive Vice President | Jan 2022 – Present | Expanded executive responsibilities across legal and corporate matters |
| NSA | Secretary | Jan 2020 – Present | Corporate secretary duties and governance |
| NSA | Chief Legal Officer | Jan 2023 – Present | Leads legal strategy and execution for NSA |
| MarkWest Energy Partners, L.P. | Various legal positions, most recently Vice President, Law | 2008 – 2018 | Midstream energy legal leadership; finance/securities/M&A |
| Greenberg Traurig, LLP | Corporate securities associate → Shareholder | 2000 – 2008 | Public offerings, capital markets, corporate governance |
| Freeborn & Peters | Corporate securities associate | 1998 – 2000 | Corporate/securities practice foundation |
External Roles
No public company boards or external directorships for Ms. Kenyon are disclosed in the proxy biography .
Fixed Compensation
| Year | Base Salary ($) | All Other Compensation ($) | Notes |
|---|---|---|---|
| 2023 | 325,000 | 13,200 (401(k) match) | Annualized base shown; actual comp reflected in SCT |
| 2024 | 342,500 | 13,800 (401(k) match) | Base up 5% vs 2023 |
| 2025 (approved) | 357,913 | — | Approved by CNCG Committee |
Performance Compensation
Annual Incentive Cash Bonus – 2024 Program Structure and Outcomes
| Metric | Weighting (Kenyon) | Threshold | Target | Maximum | Actual | Payout (Kenyon) |
|---|---|---|---|---|---|---|
| Same Store NOI Growth vs Peer Avg | 25% | Peer Avg −2% | Peer Avg | Peer Avg +2% | Peer Avg −3.6% | Aggregate payout: 61% of target |
| Core FFO per Share Growth | 30% | (8)% | (5)% | (2)% | (9.3)% | Aggregate payout: 61% of |