Extra Space president gets stock grants, tax withholding
Extra Space Storage president William N. Springer reported equity compensation activity in the form of stock awards and related tax withholding.
Rhea-AI Filing Summary
Extra Space Storage president William N. Springer reported equity compensation activity in the form of stock awards and related tax withholding. On March 1, 2026, he acquired 2,262 and 7,482 shares of common stock as grant/award acquisitions at $151.03 per share.
Footnotes explain that performance stock units granted on March 1, 2023 vested after the Compensation Committee certified performance on February 10, 2026, with vesting effective March 1, 2026, and that restricted stock awards vest 25% annually over four years. To cover tax liabilities on these vestings, the issuer withheld 145, 309, 401, and 682 shares through tax-withholding dispositions, leaving Springer with 27,932 directly owned shares of common stock after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,262 | $151.03 | $342K |
| Grant/Award | Common Stock | 7,482 | $151.03 | $1.13M |
| Exercise Price or Tax Liability | Common Stock | 145 | $151.03 | $22K |
| Exercise Price or Tax Liability | Common Stock | 309 | $151.03 | $47K |
| Exercise Price or Tax Liability | Common Stock | 401 | $151.03 | $61K |
| Exercise Price or Tax Liability | Common Stock | 682 | $151.03 | $103K |
Footnotes (3)
- F1. Represents the number of shares of common stock issued upon the vesting of performance stock units (PSUs), net of shares withheld by the Issuer in payment of the tax liability arising in connection with the settlement of vested PSUs. Each PSU represented a contingent right to receive shares of the Issuers common stock. The PSUs were originally granted on March 1, 2023 and were eligible to vest based on the Issuer achievement of certain performance objectives during the three-year performance period ending December 31, 2025. On February 10, 2026, the Compensation Committee of the Board of Directors of the Issuer certified the Issuer achievement relative to the applicable performance objectives and approved the vesting of the PSUs with respect to these shares effective March 1, 2026.
- F2. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.
- F3. 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.
FAQ
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What insider transactions did Extra Space Storage (EXR) report for William N. Springer?
Were William N. Springer’s Extra Space (EXR) Form 4 transactions open-market buys or sells?
What performance stock units vested for Extra Space Storage (EXR) president William N. Springer?
How do William N. Springer’s restricted stock awards at Extra Space (EXR) vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.