Form 4: Extra Space Storage CAO, Grace Kunde, Reports Tax Liability Share Withholding

Grace Kunde, CAO of Extra Space Storage Inc., reports the withholding of 371 common stock shares to cover tax liabilities arising from vested restricted stock awards on April 1, 2025.

Summary

• On April 1, 2025, Grace Kunde, the CAO of Extra Space Storage Inc., reported a transaction involving the withholding of company shares to cover tax liabilities.
• A total of 371 shares of common stock were withheld by the issuer at a price of $147.84 per share.
• Following the transaction, Kunde directly owns 13,905 shares of Extra Space Storage Inc.
• The withholding relates to the settlement of vested restricted stock awards, which vest 25% annually over four years, starting from the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions, and it doesn't inherently convey positive or negative sentiment. It's a factual report of a routine event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company. This filing indicates that a company officer has had shares withheld to cover tax obligations related to vested equity, which is a common practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related share withholding.

Key Dates

Keywords

Form 4, Extra Space Storage Inc., EXR, Grace Kunde, CAO, Beneficial Ownership, Tax Liability, Restricted Stock Awards, Share Withholding