diff --git a/storage_controller/src/id_lock_map.rs b/storage_controller/src/id_lock_map.rs
index dff793289f1b..fcd3eb57e25f 100644
--- a/storage_controller/src/id_lock_map.rs
+++ b/storage_controller/src/id_lock_map.rs
@@ -8,14 +8,15 @@ use crate::service::RECONCILE_TIMEOUT;
 
 const LOCK_TIMEOUT_ALERT_THRESHOLD: Duration = RECONCILE_TIMEOUT;
 
-/// A wrapper around `OwnedRwLockWriteGuard` that when dropped changes the
-/// current holding operation in lock.
-pub struct WrappedWriteGuard<T: Display> {
+/// A wrapper around `OwnedRwLockWriteGuard` used for tracking the
+/// operation that holds the lock, and print a warning if it exceeds
+/// the LOCK_TIMEOUT_ALERT_THRESHOLD time
+pub struct TracingExclusiveGuard<T: Display> {
     guard: tokio::sync::OwnedRwLockWriteGuard<Option<T>>,
     start: Instant,
 }
 
-impl<T: Display> WrappedWriteGuard<T> {
+impl<T: Display> TracingExclusiveGuard<T> {
     pub fn new(guard: tokio::sync::OwnedRwLockWriteGuard<Option<T>>) -> Self {
         Self {
             guard,
@@ -24,12 +25,12 @@ impl<T: Display> WrappedWriteGuard<T> {
     }
 }
 
-impl<T: Display> Drop for WrappedWriteGuard<T> {
+impl<T: Display> Drop for TracingExclusiveGuard<T> {
     fn drop(&mut self) {
         let duration = self.start.elapsed();
         if duration > LOCK_TIMEOUT_ALERT_THRESHOLD {
             tracing::warn!(
-                "Lock on {} was held for {:?}",
+                "Exclusive lock by {} was held for {:?}",
                 self.guard.as_ref().unwrap(),
                 duration
             );
@@ -38,6 +39,38 @@ impl<T: Display> Drop for WrappedWriteGuard<T> {
     }
 }
 
+// A wrapper around `OwnedRwLockReadGuard` used for tracking the
+/// operation that holds the lock, and print a warning if it exceeds
+/// the LOCK_TIMEOUT_ALERT_THRESHOLD time
+pub struct TracingSharedGuard<T: Display> {
+    _guard: tokio::sync::OwnedRwLockReadGuard<Option<T>>,
+    operation: T,
+    start: Instant,
+}
+
+impl<T: Display> TracingSharedGuard<T> {
+    pub fn new(guard: tokio::sync::OwnedRwLockReadGuard<Option<T>>, operation: T) -> Self {
+        Self {
+            _guard: guard,
+            operation,
+            start: Instant::now(),
+        }
+    }
+}
+
+impl<T: Display> Drop for TracingSharedGuard<T> {
+    fn drop(&mut self) {
+        let duration = self.start.elapsed();
+        if duration > LOCK_TIMEOUT_ALERT_THRESHOLD {
+            tracing::warn!(
+                "Shared lock by {} was held for {:?}",
+                self.operation,
+                duration
+            );
+        }
+    }
+}
+
 /// A map of locks covering some arbitrary identifiers. Useful if you have a collection of objects but don't
 /// want to embed a lock in each one, or if your locking granularity is different to your object granularity.
 /// For example, used in the storage controller where the objects are tenant shards, but sometimes locking
@@ -58,21 +91,22 @@ where
     pub(crate) fn shared(
         &self,
         key: T,
-    ) -> impl std::future::Future<Output = tokio::sync::OwnedRwLockReadGuard<Option<I>>> {
+        operation: I,
+    ) -> impl std::future::Future<Output = TracingSharedGuard<I>> {
         let mut locked = self.entities.lock().unwrap();
-        let entry = locked.entry(key).or_default();
-        entry.clone().read_owned()
+        let entry = locked.entry(key).or_default().clone();
+        async move { TracingSharedGuard::new(entry.read_owned().await, operation) }
     }
 
     pub(crate) fn exclusive(
         &self,
         key: T,
         operation: I,
-    ) -> impl std::future::Future<Output = WrappedWriteGuard<I>> {
+    ) -> impl std::future::Future<Output = TracingExclusiveGuard<I>> {
         let mut locked = self.entities.lock().unwrap();
         let entry = locked.entry(key).or_default().clone();
         async move {
-            let mut guard = WrappedWriteGuard::new(entry.clone().write_owned().await);
+            let mut guard = TracingExclusiveGuard::new(entry.write_owned().await);
             *guard.guard = Some(operation);
             guard
         }
@@ -99,12 +133,12 @@ where
 
 pub async fn trace_exclusive_lock<
     T: Clone + Display + Eq + PartialEq + std::hash::Hash,
-    I: Display + Clone,
+    I: Clone + Display,
 >(
     op_locks: &IdLockMap<T, I>,
     key: T,
     operation: I,
-) -> WrappedWriteGuard<I> {
+) -> TracingExclusiveGuard<I> {
     let start = Instant::now();
     let guard = op_locks.exclusive(key.clone(), operation.clone()).await;
 
@@ -123,14 +157,14 @@ pub async fn trace_exclusive_lock<
 
 pub async fn trace_shared_lock<
     T: Clone + Display + Eq + PartialEq + std::hash::Hash,
-    I: Display,
+    I: Clone + Display,
 >(
     op_locks: &IdLockMap<T, I>,
     key: T,
     operation: I,
-) -> tokio::sync::OwnedRwLockReadGuard<Option<I>> {
+) -> TracingSharedGuard<I> {
     let start = Instant::now();
-    let guard = op_locks.shared(key.clone()).await;
+    let guard = op_locks.shared(key.clone(), operation.clone()).await;
 
     let duration = start.elapsed();
     if duration > LOCK_TIMEOUT_ALERT_THRESHOLD {
@@ -159,11 +193,11 @@ mod tests {
     async fn multiple_shared_locks() {
         let id_lock_map: IdLockMap<i32, Operations> = IdLockMap::default();
 
-        let shared_lock_1 = id_lock_map.shared(1).await;
-        let shared_lock_2 = id_lock_map.shared(1).await;
+        let shared_lock_1 = id_lock_map.shared(1, Operations::Op1).await;
+        let shared_lock_2 = id_lock_map.shared(1, Operations::Op2).await;
 
-        assert!(shared_lock_1.is_none());
-        assert!(shared_lock_2.is_none());
+        assert_eq!(shared_lock_1.operation, Operations::Op1);
+        assert_eq!(shared_lock_2.operation, Operations::Op2);
     }
 
     #[tokio::test]
@@ -183,7 +217,7 @@ mod tests {
             assert!(_ex_lock_2.is_err());
         }
 
-        let shared_lock_1 = id_lock_map.shared(resource_id).await;
-        assert!(shared_lock_1.is_none());
+        let shared_lock_1 = id_lock_map.shared(resource_id, Operations::Op1).await;
+        assert_eq!(shared_lock_1.operation, Operations::Op1);
     }
 }
diff --git a/storage_controller/src/service.rs b/storage_controller/src/service.rs
index 1e81b5c5a2ca..3451ffb1f489 100644
--- a/storage_controller/src/service.rs
+++ b/storage_controller/src/service.rs
@@ -9,7 +9,7 @@ use std::{
 
 use crate::{
     compute_hook::NotifyError,
-    id_lock_map::{trace_exclusive_lock, trace_shared_lock, IdLockMap, WrappedWriteGuard},
+    id_lock_map::{trace_exclusive_lock, trace_shared_lock, IdLockMap, TracingExclusiveGuard},
     persistence::{AbortShardSplitStatus, TenantFilter},
     reconciler::{ReconcileError, ReconcileUnits},
     scheduler::{ScheduleContext, ScheduleMode},
@@ -334,7 +334,7 @@ struct TenantShardSplitAbort {
     new_shard_count: ShardCount,
     new_stripe_size: Option<ShardStripeSize>,
     /// Until this abort op is complete, no other operations may be done on the tenant
-    _tenant_lock: WrappedWriteGuard<TenantOperations>,
+    _tenant_lock: TracingExclusiveGuard<TenantOperations>,
 }
 
 #[derive(thiserror::Error, Debug)]
@@ -1371,7 +1371,7 @@ impl Service {
     async fn node_activate_reconcile(
         &self,
         mut node: Node,
-        _lock: &WrappedWriteGuard<NodeOperations>,
+        _lock: &TracingExclusiveGuard<NodeOperations>,
     ) -> Result<(), ApiError> {
         // This Node is a mutable local copy: we will set it active so that we can use its
         // API client to reconcile with the node.  The Node in [`Self::nodes`] will get updated
@@ -2560,6 +2560,7 @@ impl Service {
             TenantOperations::TimelineCreate,
         )
         .await;
+        failpoint_support::sleep_millis_async!("tenant-create-timeline-shared-lock");
 
         self.ensure_attached_wait(tenant_id).await?;
 
diff --git a/test_runner/regress/test_storage_controller.py b/test_runner/regress/test_storage_controller.py
index 2031feaa8307..d8cee7388103 100644
--- a/test_runner/regress/test_storage_controller.py
+++ b/test_runner/regress/test_storage_controller.py
@@ -1359,7 +1359,8 @@ def test_lock_time_tracing(neon_env_builder: NeonEnvBuilder):
     tenant_id = env.initial_tenant
     env.storage_controller.allowed_errors.extend(
         [
-            ".*Lock on.*",
+            ".*Exclusive lock by.*",
+            ".*Shared lock by.*",
             ".*Scheduling is disabled by policy.*",
             f".*Operation TimelineCreate on key {tenant_id} has waited.*",
         ]
@@ -1391,11 +1392,25 @@ def update_tenent_policy():
     )
     thread_update_tenant_policy.join()
 
-    env.storage_controller.assert_log_contains("Lock on UpdatePolicy was held for")
-    env.storage_controller.assert_log_contains(
+    env.storage_controller.assert_log_contains("Exclusive lock by UpdatePolicy was held for")
+    _, last_log_cursor = env.storage_controller.assert_log_contains(
         f"Operation TimelineCreate on key {tenant_id} has waited"
     )
 
+    # Test out shared lock
+    env.storage_controller.configure_failpoints(
+        ("tenant-create-timeline-shared-lock", "return(31000)")
+    )
+
+    timeline_id = TimelineId.generate()
+    # This will hold the shared lock for enough time to cause an warning
+    env.storage_controller.pageserver_api().timeline_create(
+        pg_version=PgVersion.NOT_SET, tenant_id=tenant_id, new_timeline_id=timeline_id
+    )
+    env.storage_controller.assert_log_contains(
+        "Shared lock by TimelineCreate was held for", offset=last_log_cursor
+    )
+
 
 @pytest.mark.parametrize("remote_storage", [RemoteStorageKind.LOCAL_FS, s3_storage()])
 @pytest.mark.parametrize("shard_count", [None, 4])