Form 4: Extra Space Storage Executive Springer Sells Shares to Cover Tax Obligations
SEC Form 4
William N. Springer, EVP and Chief S&P Officer of Extra Space Storage Inc., sold shares to cover tax liabilities related to vested restricted stock awards.
Summary
- On July 1, 2024, William N. Springer, EVP and Chief S&P Officer of Extra Space Storage Inc., engaged in a transaction involving the company's common stock.
- Springer disposed of 139 shares of common stock at a price of $151.92 per share to cover tax liabilities arising from the settlement of vested restricted stock awards.
- Following the transaction, Springer directly owns 13,919 shares of Extra Space Storage Inc.
- Springer also indirectly owns 1,177 shares through a 401(k) plan, based on plan information as of February 14, 2024.
- The restricted stock awards vest 25% annually over four years, starting on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
This is a routine Form 4 filing, reflecting an executive's stock transaction to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| February 14, 2024 | Date of plan information for 401(k) holdings. |
| July 1, 2024 | Date of stock transaction. |
| July 3, 2024 | Date of signature on the Form 4 filing. |
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