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Extra Space Storage Inc. — Director's Dealing 2021
Feb 18, 2021
30139_dirs_2021-02-18_9c8e5d9c-0b61-4243-b1c6-e92582880bb1.zip
Director's Dealing
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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: Stubbs P Scott (Executive VP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-16 | Common Stock | F | 339 | $116.80 | Disposed | 141449 | Direct |
| 2021-02-16 | Common Stock | F | 477 | $116.80 | Disposed | 140972 | Direct |
| 2021-02-16 | Common Stock | F | 455 | $116.80 | Disposed | 140517 | Direct |
| 2021-02-16 | Common Stock | A | 8634 | $117.19 | Acquired | 149151 | Direct |
| 2021-02-16 | Common Stock | A | 3040 | $117.19 | Acquired | 152191 | Direct |
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.