Form 4: Extra Space Storage Executive Springer Reports Stock Transactions Following PSU Vesting

William N. Springer, EVP, Chief S & P Officer of Extra Space Storage Inc., reports acquisition and disposal of common stock related to vesting of performance stock units and restricted stock awards.

Summary

• William N. Springer, an executive at Extra Space Storage Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On March 1, 2025, Springer acquired 1,932 shares of common stock at $152.56 per share upon the vesting of performance stock units (PSUs).
• He also acquired 7,407 shares of common stock at $152.56 per share related to restricted stock awards.
• Springer disposed of 146, 309 and 402 shares at $152.56 per share to cover tax liabilities associated with the vesting of restricted stock awards.
• On February 28, 2025, Springer disposed of 1,220 shares held indirectly through a 401(k) plan.
• Following these transactions, Springer directly owns 20,560 shares and indirectly owns 0 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership and compensation.

Key Dates