Extra Space Storage Inc. — Director's Dealing 2021

Feb 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Extra Space Storage Inc. (EXR)
CIK: 0001289490
Period of Report: 2021-02-16

Reporting Person: Margolis Joseph D (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-16	Common Stock	F	1281	$116.80	Disposed	32728	Direct
2021-02-16	Common Stock	F	1622	$116.80	Disposed	31106	Direct
2021-02-16	Common Stock	F	1703	$116.80	Disposed	29403	Direct
2021-02-16	Common Stock	A	24534	$117.19	Acquired	53937	Direct
2021-02-16	Common Stock	A	10880	$117.19	Acquired	64817	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2200	Indirect
Common Stock	100000	Indirect

Footnotes

F1: 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 2/12/2020.

F2: 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 2/14/2018.

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 2/15/2017.

F4: 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 14, 2018 and were eligible to vest based on the Issuer achievement of certain performance objectives during the three-year performance period ending December 31, 2020. On February 16, 2021, 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.

F5: Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.

F6: Shares held in J Margolis & K Margolis TTEE Joseph Daniel Margolis Revocab U/A DTD 05/24/2013.

F7: Shares held in Cove Hollow Lane I, LLC.