Form 4: Director Kenneth M. Woolley Acquires Extra Space Storage

Director Kenneth M. Woolley acquired 1,407 shares of Extra Space Storage Inc. (EXR) common stock at a price of $142.19 per share.

Summary

• Director Kenneth M. Woolley acquired 1,407 shares of common stock in Extra Space Storage Inc. (EXR).
• The transaction occurred on May 14, 2026, at a price of $142.19 per share.
• Following this transaction, the director's total beneficial ownership stands at 407,088 shares.
• The shares were acquired as part of a stock award that vests over one year.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral-to-positive event, as it reflects standard director equity participation rather than a significant market-moving event.

Positives

• Insider acquisition of shares demonstrates confidence from a long-standing director in the company's future performance.

Negatives

• None identified in this filing.

Risks

• None identified in this filing.

Future Outlook

The filing notes that the stock awards vest over one year on the anniversary of the grant date, indicating a long-term holding expectation.

Industry Context

StockSavvy.ai notes that director-level share acquisitions in the Real Estate Investment Trust (REIT) sector are generally viewed as a positive signal of internal alignment with shareholder interests.

Comparison to Industry Standards

• Insider buying is a standard practice among REIT directors to signal commitment to long-term value creation.
• The acquisition size is consistent with typical director compensation and equity retention programs in the storage REIT industry.

Stakeholder Impact

• Shareholders may view the director's increased stake as a sign of confidence in the company's stability.

Next Steps

• The acquired shares will vest on the first anniversary of the grant date.

Key Dates

Keywords

Extra Space Storage, EXR, Insider Trading, Form 4, Stock Acquisition, Kenneth M. Woolley