EXR CFO has 375 shares withheld for taxes

Extra Space Storage Inc. Executive VP and CFO Norman Jeffrey Jay reported a routine tax-related share disposition.

Accepted by SEC EDGAR 04/03/2026 - 02:23 PM EDT

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Form Type

Rhea-AI Filing Summary

Extra Space Storage Inc. Executive VP and CFO Norman Jeffrey Jay reported a routine tax-related share disposition. On settlement of vested restricted stock awards, 375 shares of common stock were withheld by the company to cover his tax liability. This was not an open-market trade. After this withholding, he directly owns 16,553 shares of Extra Space Storage common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 375 shares

Exercise Price or Tax Liability 1 txn

Insider Norman Jeffrey Jay

Role Executive VP and CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	375	$132.49	$50K

Holdings After Transaction: Common Stock — 16,553 shares (Direct)

Holdings Before and After: Common Stock, 16,928 to 16,553 shares (Direct)

Footnotes (1)

F1. Represents shares withheld by the Issuer in payment of the tax liability arising in connection with the settlement of vested restricted stock awards. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.

Key Figures

Shares withheld for taxes: 375 shares Withholding price per share: $132.49 per share Shares held after transaction: 16,553 shares

3 metrics

Shares withheld for taxes 375 shares Common stock withheld to cover tax liability on vested restricted stock awards

Withholding price per share $132.49 per share Transaction price used for the 375-share tax-withholding disposition

Shares held after transaction 16,553 shares Direct ownership of Extra Space Storage common stock following the withholding

Key Terms

tax liability, vested restricted stock awards, vest 25% annually, Form 4

4 terms

tax liability financial

"Represents shares withheld by the Issuer in payment of the tax liability arising in connection with the settlement"

vested restricted stock awards financial

"arising in connection with the settlement of vested restricted stock awards"

vest 25% annually financial

"Restricted stock awards vest 25% annually over four years"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did EXR CFO Norman Jeffrey Jay report?

EXR’s Executive VP and CFO Norman Jeffrey Jay reported that 375 shares of common stock were withheld by Extra Space Storage to cover taxes on vested restricted stock awards, rather than through an open-market sale.

Was the EXR insider Form 4 a market sale of shares?

No, the Form 4 shows a tax-withholding disposition. Extra Space Storage withheld 375 shares from Norman Jeffrey Jay to pay taxes on vested restricted stock awards, so there was no open-market purchase or sale involved.

How many EXR shares were withheld for the CFO’s tax liability?

The filing reports that 375 shares of Extra Space Storage common stock were withheld to satisfy Norman Jeffrey Jay’s tax liability arising from the settlement of his vested restricted stock awards.

At what price were the withheld EXR shares valued in the Form 4?

The 375 withheld shares of Extra Space Storage common stock were valued at a transaction price of $132.49 per share, reflecting the price used to calculate the tax-withholding disposition reported in the Form 4.

How many EXR shares does the CFO hold after this tax withholding?

After the tax-withholding transaction, Norman Jeffrey Jay directly holds 16,553 shares of Extra Space Storage common stock, according to the post-transaction ownership figure disclosed in the Form 4 filing.

What do the EXR restricted stock vesting terms look like for this award?

The footnote explains that the restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date, which drives periodic tax liabilities and associated share withholdings like the one reported.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

UTAH

84121

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026		F		375⁽¹⁾	D	$132.49	16,553	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares withheld by the Issuer in payment of the tax liability arising in connection with the settlement of vested restricted stock awards. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.

Remarks:

	/s/ Mike Picklesimer, Attorney-in-Fact	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR