Form 4: Extra Space Storage EVP & COO Matthew Herrington Reports Stock Transaction
SEC Form 4 Filing
Matthew Herrington, EVP & COO of Extra Space Storage Inc., reports the disposal of 102 shares to cover tax obligations related to vested restricted stock awards.
Summary
- On February 18, 2025, Matthew Herrington, the EVP & COO of Extra Space Storage Inc., disposed of 102 shares of common stock.
- The transaction was executed to cover the tax liability arising from the settlement of vested restricted stock awards.
- The shares were sold at a price of $154.92 per share.
- Following the transaction, Herrington beneficially owns 10,495 shares of Extra Space Storage Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a transaction by a company executive to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock transaction (disposal of shares). |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Extra Space Storage Inc., EXR, Matthew Herrington, EVP & COO, Stock Transaction, Beneficial Ownership, Restricted Stock Awards, Tax Liability
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.