Form 4: Extra Space Storage EVP & COO Matthew Herrington Reports Tax Liability Share Withholding
SEC Form 4 Filing
Matthew Herrington, EVP & COO of Extra Space Storage Inc., reports the withholding of 157 common stock shares to cover tax liabilities related to vested restricted stock awards on April 1, 2024.
Summary
- On April 1, 2024, Matthew Herrington, the EVP & COO of Extra Space Storage Inc., reported a transaction involving the withholding of 157 shares of common stock by the issuer.
- The shares were withheld to cover the tax liability arising from the settlement of vested restricted stock awards.
- The price per share for the transaction was $146.74.
- Following the transaction, Herrington directly owns 10,668 shares of Extra Space Storage Inc.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard executive compensation practices and does not suggest any positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding insider transactions and aligns with regulatory requirements.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes related to executive compensation.
- It provides transparency to stakeholders regarding executive stock ownership and compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of the transaction where shares were withheld for tax liability. |
| 04/03/2024 | Date of signature by attorney in fact. |
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