Director at Extra Space Storage (NYSE: EXR) receives 1,407-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Saffire Joseph reported acquisition or exercise transactions in this Form 4 filing.
Extra Space Storage Inc. director Joseph Saffire received a stock award of 1,407 shares of Common Stock at a value of $142.19 per share. These stock awards vest over one year on the anniversary of the grant date. Following the grant, he directly owns 46,527 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Saffire Joseph
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,407 | $142.19 | $200K |
Holdings After Transaction:
Common Stock — 46,527 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock award size: 1,407 shares
Reported grant value per share: $142.19 per share
Shares held after transaction: 46,527 shares
3 metrics
Stock award size
1,407 shares
Common Stock grant to director Joseph Saffire
Reported grant value per share
$142.19 per share
Value used for the 1,407-share stock award
Shares held after transaction
46,527 shares
Direct ownership by Joseph Saffire following the grant
Key Terms
Common Stock, Stock awards, grant date, Grant, award, or other acquisition
4 terms
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Stock awards financial
"Stock awards vest over one year on the anniversary of the grant date."
grant date financial
"vest over one year on the anniversary of the grant date."
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What did Extra Space Storage (EXR) director Joseph Saffire report in this Form 4?
Joseph Saffire reported receiving a stock award of 1,407 shares of Extra Space Storage Common Stock. The award was recorded at $142.19 per share and represents compensation, not an open-market purchase or sale.
Is the Joseph Saffire Form 4 transaction for EXR a stock purchase or a grant?
The transaction is a stock grant/award, not an open-market purchase. The Form 4 identifies the code as “A” for grant or award, and the description specifies it as a grant, award, or other acquisition of Common Stock.
At what price was Joseph Saffire’s EXR stock award recorded in the Form 4?
The stock award to Joseph Saffire was recorded at $142.19 per share. This price is used for reporting the value of the 1,407-share grant in the Form 4 and does not indicate an open-market trade price.
How do Joseph Saffire’s EXR stock awards vest according to the Form 4 footnote?
The footnote states that the stock awards vest over one year on the anniversary of the grant date. This means the 1,407-share award becomes fully vested after one year, rather than immediately upon grant.
Does the Form 4 show any stock sales by Joseph Saffire in Extra Space Storage (EXR)?
No sales are reported in this Form 4. The filing shows only a grant/award acquisition of 1,407 shares, with no transactions coded as sales or dispositions, and no derivative exercises or tax-withholding entries.