Form 4: Extra Space Storage Executive Reports Routine Stock Withholding for Tax Liability
Insider Transaction Report
Zachary T Dickens, EVP and Chief Investment Officer of Extra Space Storage Inc., reported the disposition of 164 shares of common stock at $150.5 per share to cover tax liabilities from vested restricted stock awards.
Summary
- Zachary T Dickens, EVP, Chief Investment Officer of Extra Space Storage Inc. (EXR), reported a transaction on July 1, 2025.
- The transaction involved the disposition of 164 shares of Common Stock.
- The shares were disposed of at a price of $150.5 per share.
- This disposition was a routine 'F' transaction code, indicating shares withheld by the issuer to cover tax liabilities associated with the settlement of vested restricted stock awards.
- Following this transaction, Zachary T Dickens beneficially owns 26,667 shares of Common Stock.
- Restricted stock awards vest 25% annually over four years, starting from the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The transaction is a routine tax-related withholding of shares upon vesting of restricted stock awards, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically a tax-related withholding of shares. It does not provide broader insights into industry trends or competitive landscape within the self-storage real estate investment trust (REIT) sector.
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine, small-scale transaction for tax purposes, not a discretionary sale or purchase. It reflects the ongoing compensation structure for executives.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of earliest transaction, involving the disposition of shares for tax liability. |
| 07/03/2025 | Date the Form 4 was signed by Grace Kunde, Attorney-in-Fact for Zachary T Dickens. |
Keywords
Extra Space Storage, EXR, Zachary T Dickens, Form 4, Insider Transaction, Stock Withholding, Restricted Stock Units, Tax Liability, Executive Compensation
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.