Joseph (Joe) D. Margolis is the CEO of Extra Space Storage, Inc., a company he has led since January 1, 2017. With an impressive background in real estate investment, Margolis co-founded Arsenal Real Estate Funds and previously held senior positions...

Number of Employees

7.62K

Year

2022

Total Compensation

$1.71M

Salary

$900.00K

Board Justification

The compensation philosophy aligns management incentives with long-term shareholder interests, emphasizing performance-based pay and equity compensation.

Bonus

$0.00

Board Justification

No additional cash bonus was awarded in 2022.

Other

$814.54K

Board Justification

Other compensation includes dividends on restricted stock and other benefits such as health insurance and 401(k) contributions.

Restricted Stock

$0.00(0 PSUs)

Board Justification

No stock grants vested in 2022 as the focus was on performance-based stock units (PSUs) that vest after a three-year performance period.

Performance Metrics

Core FFO per share growth and total stockholder return relative to peers.

SEC Filing

From April 3, 2024

Joseph (Joe) D. Margolis

CEO of Extra Space Storage

E

Education

Graduate of Harvard College and Columbia University School of Law

Field of Expertise

Real Estate & Construction - Real Estate

Born

January 1, 1961 - 64 years ago

Is Founder?

No

Current Tenure

8 years 0 months (Jan 2017 - Present)

Previous Experience

Chief Investment Officer since July 2015; served as a member of the Company’s board of directors from February 2005 to July 2015.