Form 4: Extra Space Storage SVP Grace Kunde Reports Stock Transactions
SEC Form 4 Filing
Grace Kunde, SVP of Accounting and Finance at Extra Space Storage Inc., reports the acquisition and disposal of common stock related to vested restricted stock awards.
Summary
- Grace Kunde, SVP of Accounting and Finance at Extra Space Storage Inc., filed a Form 4 detailing changes in beneficial ownership.
- On April 1, 2024, Ms. Kunde acquired 1,329 shares of common stock at a price of $146.74.
- On the same date, she disposed of 136, 96, 67 and 89 shares of common stock at $146.74.
- These disposals were due to shares withheld by the issuer to cover tax liabilities arising from the settlement of vested restricted stock awards.
- Following these transactions, Ms. Kunde beneficially owns 13,263 shares of Extra Space Storage Inc.
- 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 routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to vested stock awards, a common form of executive compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock acquisition and disposal transactions. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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