Norman Jeffrey Jay 4

What Happened Norman Jeffrey Jay, Executive Vice President and Chief Financial Officer of Extra Space Storage Inc. (EXR), had 735 shares withheld by the company on 2026-07-01 to satisfy his tax liability related to the settlement of vested restricted stock awards. The withholding was executed at a per-share price of $147.29, equal to roughly $108,258 in value. This was a tax-related disposition (withholding) rather than an open-market sale.

Key Details

• Transaction date and price: 2026-07-01 at $147.29 per share.
• Shares withheld/disposed: 735 shares; total value ≈ $108,258.
• Shares owned after transaction: Not specified in the provided Form 4.
• Footnote: Shares were withheld by the issuer to pay the tax liability arising from settlement of vested restricted stock awards. The awards vest 25% annually over four years, starting on the first anniversary of the grant.
• Filing timeliness: Report filed 2026-07-02 for the 2026-07-01 transaction — within the usual two-business-day Form 4 window; no late filing indicated.
• Transaction code: F — tax withholding.

Context This was a routine tax-withholding event tied to vesting of restricted stock, effectively a cashless settlement, not an active sale into the market. Such withholdings are common and generally do not by themselves signal the insider’s view of the company’s prospects. Purchases or open-market sales tend to be more informative for investor sentiment.