Extra Space (NYSE: EXR) president receives stock awards and covers taxes

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.

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

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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^*

Springer William N

(Last) (First) (Middle)

2795 EAST 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)
	President

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		2,262(1)	A	$151.03	21,987	D
Common Stock	03/01/2026		A		7,482(2)	A	$151.03	29,469	D
Common Stock	03/01/2026		F		145(3)	D	$151.03	29,324	D
Common Stock	03/01/2026		F		309(3)	D	$151.03	29,015	D
Common Stock	03/01/2026		F		401(3)	D	$151.03	28,614	D
Common Stock	03/01/2026		F		682(3)	D	$151.03	27,932	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. 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.

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

3. 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/ 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).
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FAQ

What insider transactions did Extra Space Storage (EXR) report for William N. Springer?

Extra Space Storage president William N. Springer reported equity awards and related tax withholding. He acquired 2,262 and 7,482 common shares as grants on March 1, 2026, and had several smaller share dispositions to cover tax liabilities tied to vesting awards.

Were William N. Springer’s Extra Space (EXR) Form 4 transactions open-market buys or sells?

The Form 4 shows no open-market buys or sells. Shares were acquired through stock grants and performance stock unit vesting, while dispositions labeled with code F reflect shares withheld by the issuer to pay tax liabilities from vested restricted and performance-based awards.

How many Extra Space Storage (EXR) shares does William N. Springer hold after these transactions?

After the reported grants and tax-withholding dispositions, William N. Springer directly holds 27,932 shares of Extra Space Storage common stock. This figure reflects net ownership following both the award-related share issuances and the shares withheld to satisfy associated tax obligations.

What performance stock units vested for Extra Space Storage (EXR) president William N. Springer?

The filing notes performance stock units granted March 1, 2023, tied to a three-year performance period ending December 31, 2025. On February 10, 2026, the Compensation Committee certified achievement of objectives and approved vesting effective March 1, 2026, resulting in shares being issued to Springer.

How do William N. Springer’s restricted stock awards at Extra Space (EXR) vest?

Restricted stock awards for William N. Springer vest in installments. Footnotes state they vest 25% annually over four years, beginning on the first anniversary of the grant date. Some of the reported tax-withholding dispositions relate to shares withheld upon these restricted stock vestings.

Why did Extra Space Storage (EXR) withhold shares from William N. Springer?

Shares labeled with transaction code F were withheld by Extra Space Storage to pay tax liabilities arising from the settlement of vested performance stock units and restricted stock. Instead of paying cash, a portion of vested shares was retained by the issuer to satisfy these obligations.