Joseph D. Margolis - Feb 15, 2023 Form 4 Insider Report for Extra Space Storage Inc. (EXR)

Role
Chief Executive Officer, Director
Signature
Grace Kunde - attorney in fact
Stock symbol
EXR
Transactions as of
Feb 15, 2023
Transactions value $
$4,117,426
Form type
4
Date filed
2/17/2023, 04:12 PM
Previous filing
Feb 14, 2023
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXR Common Stock Award $4.12M +25.4K +41.78% $162.18 86.1K Feb 15, 2023 Direct F1
holding EXR Common Stock 85K Feb 15, 2023 Cove Hollow Lane I, LLC F2
holding EXR Common Stock 20.1K Feb 15, 2023 Cove Hollow Lane II, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock issued upon the vesting of performance stock units (PSUs). Each PSU represented a contingent right to receive shares of the Issuer common stock. The PSUs were originally granted on February 12, 2020 and were eligible to vest based on the Issuer achievement of certain performance objectives during the three-year performance period ending December 31, 2022. On February 15, 2023, the Compensation Committee of the Board of Directors of the Issuer certified the Issuer achievement relative to the applicable performance objectives and approved the vesting of the PSUs with respect to these shares.
F2 Shares held in Cove Hollow Lane I, LLC.
F3 The reporting person disclaims beneficial ownership in the common stock held by Cove Hollow Lane II, LLC, except to the extent of his pecuniary interest therein.