Extra Space (NYSE: EXR) withholds 164 shares for exec tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Extra Space Storage Inc. executive vice president and chief investment officer Zachary T. Dickens had 164 shares of common stock withheld by the company to cover tax liabilities from vested restricted stock awards. This was a tax-withholding disposition, not an open-market sale. After the transaction, he directly holds 33,712 shares of Extra Space Storage common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dickens Zachary T
Role
EVP, Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 164 | $147.29 | $24K |
Holdings After Transaction:
Common Stock — 33,712 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for tax: 164 shares
Implied price per share: $147.29 per share
Shares held after transaction: 33,712 shares
3 metrics
Shares withheld for tax
164 shares
Withheld to cover tax liability on vested restricted stock awards
Implied price per share
$147.29 per share
Value used for the 164-share tax-withholding disposition
Shares held after transaction
33,712 shares
Direct holdings of Extra Space Storage common stock after withholding
Key Terms
restricted stock awards, tax liability, vest 25% annually, withheld by the Issuer
4 terms
restricted stock awards financial
"arising in connection with the settlement of vested restricted stock awards."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
tax liability financial
"in payment of the tax liability arising in connection with the settlement"
vest 25% annually financial
"Restricted stock awards vest 25% annually over four years"
withheld by the Issuer financial
"Represents shares withheld by the Issuer in payment of the tax liability"
FAQ
What insider transaction did Extra Space Storage (EXR) report for Zachary T. Dickens?
Extra Space Storage reported a tax-withholding disposition for executive Zachary T. Dickens. The company withheld 164 common shares to pay taxes arising from vested restricted stock awards, a routine non‑market transaction tied to equity compensation vesting.
How do Zachary T. Dickens’ restricted stock awards at EXR vest over time?
His restricted stock awards vest in equal installments over several years. The footnote states they vest 25% annually over four years, beginning on the first anniversary of the grant date, with share withholding used to cover tax liabilities at each vesting event.