22 unchanged sentences
(the Company) maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024, based on the COSO criteria.
−Removed: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2023 and 2022, the related consolidated
−Removed: statements of operations, comprehensive income, stockholders' equity and cash flows for each of the three years in the period ended December 31, 2023, and the related notes and financial statement schedule listed in the Index at Item 8 and our report dated February 29, 2024 expressed an unqualified opinion thereon.
+Added: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income, stockholders’ equity and cash flows for each of the three years in the period ended December 31, 2024, and the related notes and financial statement schedule listed in the Index at Item 8 and our report dated February 28, 2025 expressed an unqualified opinion thereon.
Basis for Opinion
18 unchanged sentences
(c) Changes in Internal Control over Financial Reporting
−Removed: There was no change in our internal control over financial reporting (as such term is defined in Exchange Act Rule 13a-15(f)) that occurred during our most recent quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
+Added: There were no changes in our internal control over financial reporting (as such term is defined in Exchange Act Rule 13a-15(f)) that occurred during our most recent quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Other Information
−Removed: On December 18, 2023 , Joseph D.
−Removed: Margolis , our Chief Executive Officer and Director , terminated a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) and originally adopted on February 24, 2023, for the sale of up to 20,000 shares of our common stock until January 3, 2024.
+Added: During the three months ended December 31, 2024, none of our officers or directors adopted , modified or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non Rule 10b5-1 trading arrangement.”
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
1 unchanged sentence
Information required by this item is incorporated by reference to the information set forth under the captions “Executive Officers” and “Information About the Board of Directors and its Committees” in our definitive Proxy Statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14A within 120 days after December 31, 2024.
−Removed: We have adopted a Code of Business Conduct and Ethics in compliance with rules of the SEC that applies to all of our personnel, including our board of directors, Chief Executive Officer, Chief Financial Officer and principal accounting officer.
+Added: We have adopted a Code of Business Conduct and Ethics in compliance with rules of the SEC that applies to all of our personnel, including our board of directors, Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer.
The Code of Business Conduct and Ethics is available free of charge on the “Investor Relations—Corporate Governance” section of our web site at www.extraspace.com.
We intend to satisfy any disclosure requirements under Item 5.05 of Form 8-K regarding amendment to, or waiver from, a provision of this Code of Business Conduct and Ethics by posting such information on our web site at the address and location specified above.
−Removed: The board of directors has adopted Corporate Governance Guidelines and charters for our Audit Committee and Compensation, Nominating and Governance Committee, each of which is posted on our website at the address and location specified above.
+Added: The board of directors has adopted Corporate Governance Guidelines and charters for our Audit Committee, Compensation Committee and Nominating, Governance and Corporate Responsibility Committee, each of which is posted on our website at the address and location specified above.
Investors may obtain a free copy of the Code of Business Conduct and Ethics, the Corporate Governance Guidelines and the committee charters by contacting the Investor Relations Department at 2795 East Cottonwood Parkway, Suite 300, Salt Lake City, Utah 84121, Attn:
−Removed: Jeff Norman or by telephoning (801) 365-4600.
+Added: Jared Conley or by telephoning (801) 365-4600.
+Added: We have adopted an insider trading policy and procedures governing the purchase, sale, and/or other dispositions of our securities by our directors, officers, employees and other covered persons that are designed to promote compliance with insider trading laws, rules and regulations, and the New York Stock Exchange listing requirements, as applicable.
+Added: A copy of our Insider Trading Compliance Program is filed as Exhibit 19.1 to this annual report on Form 10-K.
+Added: It is our policy to comply with U.S.
+Added: insider trading laws and regulations, including with respect to transactions in our own securities.
Executive Compensation
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8-K January 19, 2024 4.2
+Added: 4.16 Thirteenth Supplemental Indenture, dated as of August 12, 2024, among Extra Space Storage LP, as issuer, Extra Space Storage Inc., ESS Holdings Business Trust I and ESS Holdings Business Trust II, as guarantors, and Computershare Trust Company, N.A., as trustee, including the form of the Notes and the Guarantee.
+Added: 8-K August 12, 2024 4.2
+Added: Exhibit Description Incorporated by Reference Filed Herewith
+Added: Form Date Number
4.17 Base Indenture, dated as of June 20, 2016, among Life Storage, Inc., Life Storage LP and Wells Fargo Bank, National Association (incorporated by reference to Exhibit 4.2 to the Current Report on Form 10-K filed by Life Storage Inc.
1 unchanged sentence
8-K July 25, 2023 4.1
−Removed: Exhibit Description Incorporated by Reference Filed Herewith
−Removed: Form Date Number
4.18 Sixth Supplemental Indenture, dated as of July 25, 2023, among Life Storage LP, as issuer, Life Storage LLC, as parent guarantor, and Computershare Trust Company, N.A., as trustee.
33 unchanged sentences
10.14 Policy for the Recovery of Erroneously Awarded Compensation
+Added: 10-K February 29, 2024 10.14
10.15 Third Amended and Restated Credit Agreement, dated as of June 22, 2023, by and among Extra Space Storage Inc., Extra Space Storage LP, U.S.
1 unchanged sentence
8-K June 27, 2023 10.1
+Added: 10.16 Equity Distribution Agreement, dated as of April 15, 2024, among the Company, the Operating Partnership, the Sales Agents and the Forward Purchasers (incorporated by reference to Exhibit 1.2 to the Registration Statement on Form S-3 filed by Extra Space Storage Inc.
+Added: on April 15, 2024).
+Added: 8-K April 15, 2024 1.1
+Added: Exhibit Description Incorporated by Reference Filed Herewith
+Added: Form Date Number
+Added: 19.1 Insider Trading Compliance Policy and Procedures
21.1 Subsidiaries of the Company
3 unchanged sentences
31.2 Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
−Removed: Exhibit Description Incorporated by Reference Filed Herewith
−Removed: Form Date Number
32.1 Certifications of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C.
25 unchanged sentences
/s/ GRACE KUNDE
−Removed: Senior Vice President, Accounting and Finance
+Added: Senior Vice President and Chief Accounting Officer
(Principal Accounting Officer)
6 unchanged sentences
February 28, 2025 By:
−Removed: /s/ JENNIFER BLOUIN
−Removed: Jennifer Blouin
−Removed: February 29, 2024 By:
/s/ JOSEPH J.
11 unchanged sentences
February 28, 2025 By:
−Removed: February 29, 2024 By:
/s/ JULIA VANDER PLOEG
2 unchanged sentences
/s/ JOSEPH V.
−Removed: February 29, 2024 By:
−Removed: /s/ JEFFERSON S.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.