Sondhi Samrat 4
4 · Extra Space Storage Inc. · Filed Mar 5, 2024
Insider Transaction Report
Form 4
Sondhi Samrat
Executive VP and CDO
Transactions
- Award
Common Stock
2024-03-01$143.36/sh+5,197$745,042→ 89,998 total - Award
Common Stock
2024-03-01$143.36/sh+4,116$590,070→ 94,114 total - Tax Payment
Common Stock
2024-03-01$143.36/sh−208$29,819→ 93,906 total - Tax Payment
Common Stock
2024-03-01$143.36/sh−357$51,180→ 93,549 total - Exercise/Conversion
Common Stock
2024-03-04$85.99/sh+2,625$225,724→ 96,174 total - Sale
Common Stock
2024-03-04$146.46/sh−2,048$299,950→ 94,126 total - Exercise/Conversion
Stock Options
2024-03-04$146.46/sh−2,625$384,458→ 0 totalExercise: $85.99Exp: 2026-02-22→ Common Stock (2,625 underlying)
Footnotes (4)
- [F1]Represents the number of shares of common stock issued upon the vesting of performance stock units (PSUs). Each PSU represented a contingent right to receive shares of the Issuers common stock. The PSUs were originally granted on February 16, 2021 and were eligible to vest based on the Issuer achievement of certain performance objectives during the three-year performance period ending December 31, 2023. On February 21, 2024, 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, 2024.
- [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.
- [F4]Stock options vest 25% annually over four years, beginning on the first anniversary of the grant date. The grant date was 2/22/2016.