Extra Space EVP gets stock awards, tax withholding

Extra Space Storage EVP & COO Matthew T. Herrington reported equity compensation changes on common stock.

Rhea-AI Filing Summary

Extra Space Storage EVP & COO Matthew T. Herrington reported equity compensation changes on common stock. On March 1, 2026, he acquired 1,463 and 6,290 shares at $151.03 per share through a grant/award, including PSUs that vested after performance certification and new restricted stock awards.

In several separate transactions the same day, between 155 and 682 shares were disposed in tax-withholding transactions to cover liabilities tied to vested PSUs and restricted stock. Following these moves, he directly owned 23,720 common shares.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Herrington Matthew T

Role EVP & COO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,463	$151.03	$221K
Grant/Award	Common Stock	6,290	$151.03	$950K
Exercise Price or Tax Liability	Common Stock	155	$151.03	$23K
Exercise Price or Tax Liability	Common Stock	267	$151.03	$40K
Exercise Price or Tax Liability	Common Stock	382	$151.03	$58K
Exercise Price or Tax Liability	Common Stock	682	$151.03	$103K

Holdings After Transaction: Common Stock — 23,720 shares (Direct)

Footnotes (3)

1. 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.
2. F2. Restricted stock awards vest 25% annually over four years, beginning on the first anniversary of the grant date.
3. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Extra Space Storage (EXR) EVP Matthew Herrington report in this Form 4?

He reported equity compensation activity in Extra Space Storage common stock. On March 1, 2026, he received stock awards and PSUs that vested, while some shares were simultaneously withheld to satisfy related tax liabilities on the vested performance and restricted stock awards.

How many Extra Space Storage (EXR) shares did Herrington acquire in the reported grants?

He acquired two blocks of Extra Space common stock, consisting of 1,463 shares and 6,290 shares at a reference price of $151.03 per share. These arose from performance stock units vesting and new restricted stock awards approved under his compensation arrangements.

Were any of Matthew Herrington’s Extra Space (EXR) shares sold on the open market?

No open-market sales are indicated. The Form 4 shows several F-code transactions where 155 to 682 shares were delivered back to the issuer solely to pay tax liabilities associated with the vesting and settlement of restricted and performance-based stock awards.

What are the performance stock units mentioned in the Extra Space (EXR) filing?

The performance stock units were originally granted on March 1, 2023. They could vest based on performance through December 31, 2025. On February 10, 2026, the compensation committee certified performance and approved vesting, leading to the March 1, 2026 share issuance.

How do Herrington’s restricted stock awards at Extra Space (EXR) vest?

His restricted stock awards vest in four equal annual installments. Specifically, they vest 25% each year over four years, starting on the first anniversary of the grant date, creating a staggered vesting schedule that ties continued share delivery to ongoing service with the company.

How many Extra Space (EXR) shares did Herrington own after these transactions?

After the reported award grants and tax-withholding disposals, Herrington directly owned 23,720 shares of Extra Space common stock. This figure reflects the net result of performance stock unit vesting, new restricted stock awards, and shares withheld to cover associated tax obligations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/03/2026 - 09:18 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^*

Herrington Matthew T

(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)
	EVP & COO

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		1,463(1)	A	$151.03	18,916	D
Common Stock	03/01/2026		A		6,290(2)	A	$151.03	25,206	D
Common Stock	03/01/2026		F		155(3)	D	$151.03	25,051	D
Common Stock	03/01/2026		F		267(3)	D	$151.03	24,784	D
Common Stock	03/01/2026		F		382(3)	D	$151.03	24,402	D
Common Stock	03/01/2026		F		682(3)	D	$151.03	23,720	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).
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