Form 4: Extra Space Storage EVP Zachary Dickens Reports Stock Transaction

Zachary Dickens, EVP and Chief Investment Officer of Extra Space Storage, reports a transaction involving common stock related to tax liability from vested restricted stock awards.

Summary

• On February 18, 2025, Zachary T Dickens, EVP and Chief Investment Officer of Extra Space Storage Inc. (EXR), reported a transaction.
• 91 shares of common stock were disposed of to cover tax liabilities arising from the settlement of vested restricted stock awards at a price of $154.92 per share.
• Following the transaction, Dickens directly owns 19,135 shares of common stock.
• Dickens also indirectly owns 80 shares through a Roth IRA, based on plan information as of February 14, 2024.
• The restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction related to vested equity compensation. It doesn't inherently convey positive or negative sentiment.

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 into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves a small number of shares disposed of by an executive to cover tax obligations.

Key Dates

Keywords

Extra Space Storage, EXR, Zachary Dickens, Form 4, Stock Transaction, Beneficial Ownership, Restricted Stock, Tax Liability