Kenneth M. Woolley is the Executive Chairman of Extra Space Storage, a company he founded that specializes in self-storage solutions. Born on May 17, 1950, he has been a key player in the industry since 1977. Before his work with...

Current Market Cap

$35.04B

Number of Employees

7.62K

Total Compensation

2005 - 2009

Trending down by -62.68% last year
Showing total compensation for the last 2005 - 2009

Stock

Up by 120.30% last year

Salary

Down by -50.00% last year

Bonus

Down by -100.00% last year

Other

Down by -69.06% last year

Year

2009

Total Compensation

$362.36K

Salary

$210.00K

Board Justification

The compensation philosophy aims to align management's incentives with the long-term interests of stockholders, ensuring competitive compensation that attracts and retains key executives while emphasizing performance-based pay.

Bonus

$0.00

Board Justification

The annual incentive bonus for 2009 was not applicable as the CEO did not receive a bonus for that year.

Other

$29.84K

Board Justification

Other compensation includes defined contribution plans, life insurance premiums, medical insurance, and dividends on restricted stock.

Restricted Stock

$122.51K(18.75K RSU)

Board Justification

The stock that vested in 2009 was part of the long-term incentive plan, with 18,750 shares vesting based on performance and tenure.

Performance Metrics

The performance metrics for 2009 were based on the company's Funds From Operations (FFO) target and management goals, which were assessed for overall achievement.

SEC Filing

From April 2, 2010