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...

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 Extra Space Storage, Woolley had a solid background as a management consultant for the Boston Consulting Group. His academic career includes teaching at Brigham Young University, where he shared his knowledge of Corporate Strategy and Real Estate. Notably, he took a three-year break from the company to serve a mission for his church, illustrating his commitment to service alongside business. Woolley also has a strong real estate background, having developed over 13,000 apartment units and founded several businesses across diverse fields. He holds a B.A. in physics and advanced degrees from Stanford, showcasing his broad educational foundation. Woolley’s experience and strategic thinking have significantly shaped the direction of Extra Space Storage, making it one of the leading companies in its field.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Extra Space Storage CEOs

E

Kenneth M. Woolley

Founder and Ex-CEO of Extra Space Storage

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Real Estate

Born

May 17, 1950 - 75 years ago

CEO of Extra Space Storage for

4 years 6 months (Oct 2004 - Apr 2009)

Previous Experience

Chairman and Chief Executive Officer of Extra Space Storage, Inc.

Rivals

Competitors/colleagues of Kenneth M. Woolley

C

Christopher P. Marr

CEO of CubeSmart

2023 Compensation

Stock

$0.00

Salary

$884.00K

Bonus

$1.48M

Other

$255.23K

Total Holdings

$36.18M

U

Jerry A. Davis

CEO of UDR

2023 Compensation

Stock

$9.13M

Salary

$950.00K

Bonus

$0.00

Other

$199.43K

Total Holdings

$7.02M

E

Marshall A. Loeb

CEO of EastGroup Properties

2022 Compensation

Stock

$2.96M

Salary

$745.00K

Bonus

$0.00

Other

$337.65K

Total Holdings

$25.88M

O

Jeremy J. Male

CEO of OUTFRONT Media

2023 Compensation

Stock

$4.00M

Salary

$1.40M

Bonus

$1.05M

Other

$1.26K

Total Holdings

$12.27M

N

Tamara D. Fischer

CEO of National Storage Affiliates

2023 Compensation

Stock

$0.00

Salary

$585.42K

Bonus

$0.00

Other

$13.20K

Total Holdings

$684.54K

P

Hamid R. Moghadam

CEO of Prologis

2023 Compensation

Stock

$41.06M

Salary

$1.00

Bonus

$1.91M

Other

$12.00K

Total Holdings

$125.21M

Holdings

See how much did Kenneth M. Woolley make over time.

Kenneth Woolley has shown impressive engagement with his company through his stock holdings. His investments fluctuated considerably over the years, peaking at approximately $93.92 million in September 2019. From there, the value of his holdings saw a gradual decline, dropping...

Kenneth Woolley has shown impressive engagement with his company through his stock holdings. His investments fluctuated considerably over the years, peaking at approximately $93.92 million in September 2019. From there, the value of his holdings saw a gradual decline, dropping to about $44.67 million in May 2020. However, he rebounded in subsequent years, with values rising back to the mid-$70 million range by late 2021. As of December 2024, his holdings are estimated to be around $62.24 million. This blend of volatility and recovery highlights Woolley’s resilience and ongoing belief in the long-term potential of Extra Space Storage.

Mar 18, 2025

E

shares

EXR @ $147.92

Total Stock Sold

$82.30M

EXR

$82.30M

1,197,565 EXR shares

What if they kept their stock?

If Kenneth M. Woolley didn't sell their stock, today they would have:
Extra EXR1,197,565 shares worth $104.93M.
This is 27.5% and $22.63M more than what they got when they sold the stock.

Charitable Transactions

EXR

70,264 shares

EXR

Recent Charitable Transactions

EXR

$2.10M

EXR at $199.86/share

Mar 7, 2022

Charity

EXR

$883.74K

EXR at $217.45/share

Dec 31, 2021

Charity

EXR

$257.74K

EXR at $198.26/share

Nov 12, 2021

Charity

EXR

$659.41K

EXR at $173.53/share

Dec 31, 2021

Charity

EXR

$2.12M

EXR at $105.87/share

Nov 19, 2019

Charity

EXR

$435.38K

EXR at $87.08/share

Nov 17, 2017

Charity

Insider Trading

See recent insider trades of Kenneth M. Woolley.

EXR

$1.18M

EXR at $177.23/share

Sep 13, 2024

Sale

EXR

$199.97K

EXR at $142.63/share

May 23, 2024

Received

EXR

$160.08K

EXR at $146.46/share

May 24, 2023

Received

EXR

$160.03K

EXR at $172.45/share

May 25, 2022

Received

EXR

$2.10M

EXR at $199.86/share

Mar 7, 2022

Charity

EXR

$2.11M

EXR at $200.75/share

Mar 7, 2022

Purchase

EXR

$883.74K

EXR at $217.45/share

Dec 31, 2021

Charity

EXR

$257.74K

EXR at $198.26/share

Nov 12, 2021

Charity

EXR

$659.41K

EXR at $173.53/share

Dec 31, 2021

Charity

EXR

$130.06K

EXR at $147.29/share

May 26, 2021

Received

Compensation History

See how much did Kenneth M. Woolley make over time.

In 2009, Kenneth Woolley's total compensation was $239,842, which included a base salary of $210,000. Notably, he did not receive an annual incentive bonus that year. Instead, his compensation mostly stemmed from vested stock options worth around $122,513, showing the company's focus on performance-based rewards. Over the years, his compensation package reflects a typical structure for executive roles, emphasizing salary and equity incentives. For instance, in 2008, his total compensation was significantly higher at approximately $1.41 million, which included a hefty bonus of $399,000, likely tied to performance metrics related to the company's financial health. This pattern suggests a standard practice of linking pay to the company's success, aligning executive goals with shareholder interests.

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.

Other Extra Space Storage CEOs

Here are other CEOs of Extra Space Storage

Spencer F. Kirk

Ex-CEO of Extra Space Storage

April 2009 - December 2016