Joseph D. Margolis - Mar 1, 2024 Form 4 Insider Report for Extra Space Storage Inc. (EXR)

Signature
/s/ Grace Kunde, Attorney-in-Fact
Stock symbol
EXR
Transactions as of
Mar 1, 2024
Transactions value $
$5,338,010
Form type
4
Date filed
3/5/2024, 07:58 PM
Previous filing
Feb 20, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXR Common Stock Award $3.48M +24.2K +98.42% $143.36 48.9K Mar 1, 2024 Direct F1
transaction EXR Common Stock Award $2.2M +15.3K +31.4% $143.36 64.2K Mar 1, 2024 Direct F2
transaction EXR Common Stock Tax liability -$154K -1.08K -1.68% $143.36 63.1K Mar 1, 2024 Direct F3
transaction EXR Common Stock Tax liability -$183K -1.28K -2.02% $143.36 61.9K Mar 1, 2024 Direct F3
holding EXR Common Stock 34.8K Mar 1, 2024 J Margolis & K Margolis TTEE F4
holding EXR Common Stock 97.3K Mar 1, 2024 Cove Hollow Lane I, LLC F5
holding EXR Common Stock 39.2K Mar 1, 2024 Cove Hollow Lane II, LLC F6
* 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 Issuers common stock. The PSUs were originally granted on February 16, 2021 and were eligible to vest based on the Issuer achievement of certain performance objectives during the three-year performance period ending December 31, 2023. On February 21, 2024, 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 effective March 1, 2024.
F2 Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.
F3 Represents shares withheld by the Issuer in payment of the tax liability arising in connection with the settlement of vested restricted stock awards. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.
F4 Shares held in J Margolis & K Margolis TTEE Joseph Daniel Margolis Revocab U/A DTD 05/24/2013.
F5 The reporting person controls the investment decisions with respect to shares of common stock held by Cove Hollow Lane I, LLC. The reporting person disclaims beneficial ownership in the common stock held by Cove Hollow Lane I, LLC, except to the extent of his pecuniary interest therein.
F6 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.