Extra Space Storage (EXR) CFO receives 3,443-share restricted stock grant

Rhea-AI Filing Summary

Extra Space Storage Inc. Executive VP and CFO Norman Jeffrey Jay reported an acquisition of 3,443 shares of common stock through a restricted stock award. The award was valued at $151.03 per share on the grant date and increases his directly held stake to 16,928 shares.

The restricted stock vests 25% each year over four years, starting on the first anniversary of the grant date. Because this is an equity grant rather than an open-market purchase, it reflects part of his compensation package and aligns a portion of his pay with the company’s share performance over time.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Norman Jeffrey Jay

(Last) (First) (Middle)

2795 E COTTONWOOD PARKWAY, SUITE 300

(Street)

SALT LAKE CITY UT 84121

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Extra Space Storage Inc. [ EXR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive VP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		A		3,443(1)	A	$151.03	16,928	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.

Remarks:

	/s/ Grace Kunde, Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Extra Space Storage (EXR) report for Norman Jeffrey Jay?

Extra Space Storage reported that Executive VP and CFO Norman Jeffrey Jay received a grant of 3,443 shares of common stock. This was a restricted stock award, not an open‑market purchase, and forms part of his equity-based compensation package tied to company performance.

What was the price and total value of the EXR restricted stock granted to the CFO?

The restricted stock award to the CFO was valued at $151.03 per share on the grant date. With 3,443 shares granted, the implied grant-date value is based on that per-share figure as part of his long-term incentive compensation.

How does the new restricted stock grant affect the EXR CFO’s share ownership?

After the restricted stock award, Norman Jeffrey Jay’s directly held common stock increases to 16,928 shares. This higher ownership level more closely links his personal financial exposure to Extra Space Storage’s future share performance and long-term results.

How do the EXR restricted stock awards granted to the CFO vest over time?

The restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date. This four-year vesting schedule encourages long-term retention and aligns the CFO’s incentives with sustained Extra Space Storage performance.

Was the EXR CFO’s Form 4 transaction a market buy or a compensation grant?

The Form 4 for Norman Jeffrey Jay reflects a compensation grant, not a market buy. The transaction code shows a grant, award, or other acquisition of 3,443 restricted shares as part of his equity compensation, rather than shares purchased in the open market.