P. Scott Stubbs - Feb 15, 2023 Form 4 Insider Report for Extra Space Storage Inc. (EXR)

Role: Executive VP and CFO
Signature: Grace Kunde - attorney in fact
Stock symbol: EXR
Transactions as of: Feb 15, 2023
Transactions value $: $1,312,361
Form type: 4
Date filed: 2/17/2023, 04:26 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	$1.31M	+8.09K	+5.63%	$162.18	152K	Feb 15, 2023	Direct	F1

* 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.

Content

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.