Samrat Sondhi - Mar 1, 2024 Form 4 Insider Report for Extra Space Storage Inc. (EXR)

Role
Executive VP and CMO
Signature
/s/ Grace Kunde, Attorney-in-Fact
Stock symbol
EXR
Transactions as of
Mar 1, 2024
Transactions value $
$795,429
Form type
4
Date filed
3/5/2024, 08:00 PM
Previous filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXR Common Stock Award $745K +5.2K +6.13% $143.36 90K Mar 1, 2024 Direct F1
transaction EXR Common Stock Award $590K +4.12K +4.57% $143.36 94.1K Mar 1, 2024 Direct F2
transaction EXR Common Stock Tax liability -$29.8K -208 -0.22% $143.36 93.9K Mar 1, 2024 Direct F3
transaction EXR Common Stock Tax liability -$51.2K -357 -0.38% $143.36 93.5K Mar 1, 2024 Direct F3
transaction EXR Common Stock Options Exercise $226K +2.63K +2.81% $85.99 96.2K Mar 4, 2024 Direct
transaction EXR Common Stock Sale -$300K -2.05K -2.13% $146.46 94.1K Mar 4, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EXR Stock Options Options Exercise -$384K -2.63K -100% $146.46 0 Mar 4, 2024 Common Stock 2.63K $85.99 Direct F4
* 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 Stock options vest 25% annually over four years, beginning on the first anniversary of the grant date. The grant date was 2/22/2016.