Form 4: Extra Space Storage Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Zachary T. Dickens, EVP and Chief Investment Officer of Extra Space Storage Inc., disposed of 166 shares to cover tax liabilities related to vested restricted stock awards.
Summary
- On July 1, 2024, Zachary T. Dickens, EVP and Chief Investment Officer of Extra Space Storage Inc., disposed of 166 shares of common stock to cover tax obligations.
- The shares were sold at a price of $151.92 per share.
- Following the transaction, Dickens directly owns 19,226 shares of Extra Space Storage Inc.
- Dickens also indirectly owns 80 shares through a Roth IRA, based on plan information as of February 14, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. This transaction appears to be a standard sale to cover tax obligations related to vested stock awards, a common practice among corporate executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| February 14, 2024 | Date of plan information for Roth IRA holdings. |
| July 1, 2024 | Date of transaction: Disposal of 166 shares of common stock. |
| July 3, 2024 | Date of signature on the Form 4 filing. |
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