Extra Space Storage (NYSE: EXR) CFO stock withheld for taxes on vesting

Rhea-AI Filing Summary

Extra Space Storage Inc. Executive VP and CFO Norman Jeffrey Jay reported a routine tax-withholding event. On July 1, 2026, the company withheld 735 shares of common stock at $147.29 per share to cover taxes from vested restricted stock awards, leaving him with 15,818 directly owned shares. The footnote explains these restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Norman Jeffrey Jay

Role Executive VP and CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	735	$147.29	$108K

Holdings After Transaction: Common Stock — 15,818 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares withheld for taxes: 735 shares Withholding price per share: $147.29/share Shares held after transaction: 15,818 shares +2 more

5 metrics

Shares withheld for taxes 735 shares Withheld to cover tax liability on vested restricted stock awards

Withholding price per share $147.29/share Value used for tax-withholding disposition on July 1, 2026

Shares held after transaction 15,818 shares Direct ownership by CFO after tax-withholding event

Annual vesting rate 25% per year Restricted stock awards vesting schedule

Vesting period 4 years Restricted stock awards vest over four years

Key Terms

restricted stock awards, tax liability, withheld by the Issuer, vest 25% annually

4 terms

restricted stock awards financial

"tax liability 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

"payment of the tax liability arising in connection with the settlement"

withheld by the Issuer financial

"Represents shares withheld by the Issuer in payment of the tax liability"

vest 25% annually financial

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:42 PM Accepted by SEC EDGAR 07/02/2026 - 04:40 PM Learn about SEC filing dates

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)
07/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2026		F		735(1)	D	$147.29	15,818	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 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	07/02/2026
	** 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)

FAQ

What insider transaction did Extra Space Storage (EXR) report for its CFO?

Extra Space Storage reported that CFO Norman Jeffrey Jay had 735 shares withheld for taxes. The issuer withheld these shares to satisfy tax liability from vested restricted stock awards, a common non-market transaction rather than an open-market sale.

How many Extra Space Storage (EXR) shares were withheld and at what price?

The company withheld 735 shares of Extra Space Storage common stock at $147.29 per share. This withholding covered the tax liability triggered when previously granted restricted stock awards vested and settled into shares.

How many Extra Space Storage (EXR) shares does the CFO hold after this Form 4 event?

After the tax-withholding transaction, CFO Norman Jeffrey Jay directly holds 15,818 shares of Extra Space Storage common stock. This reflects his remaining equity position following the issuer’s retention of 735 shares to cover associated tax obligations.

Was the Extra Space Storage (EXR) CFO’s Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. It was a tax-withholding disposition, where the issuer retained 735 shares to pay taxes arising from the settlement of vested restricted stock awards granted as compensation.

How do the Extra Space Storage (EXR) restricted stock awards for the CFO vest?

The restricted stock awards vest 25% annually over four years, starting on the first anniversary of the grant date. As tranches vest, shares are delivered and a portion may be withheld by the issuer to satisfy related tax liabilities.