Spencer F. Kirk has had an interesting journey in the business world. He served as the CEO of Extra Space Storage, a company known for its self-storage services, from 2009 to 2016. Before that, he was the President of Extra...

Number of Employees

7.62K

Year

2016

Total Compensation

$2.12M

Salary

$750.00K

Board Justification

The compensation philosophy is to align management’s incentives with the long-term interests of stockholders and to be competitive with comparable employers, emphasizing pay for performance and market-based evaluation.

Bonus

$0.00

Board Justification

No annual bonus was awarded for 2016 as per the summary executive compensation table.

Other

$96.64K

Board Justification

Includes medical insurance, life insurance, and retirement benefits.

Restricted Stock

$1.28M(14.83K RSU)

Board Justification

14,830 shares of restricted stock that vested in 2016, granted on February 22, 2016, vesting ratably over four years.

Performance Metrics

The performance metrics for 2016 included financial operating performance tied to FFO as adjusted and specific management goals.

SEC Filing

From April 3, 2017

Spencer F. Kirk

Ex-CEO of Extra Space Storage

SF

Education

B.A. in finance and an M.B.A. from the University of Utah

Field of Expertise

Finance & Banking - Finance

Born

May 5, 1961 - 63 years ago

Is Founder?

No

Tenure

7 years 8 months (Apr 2009 - Dec 2016)

Previous Experience

Executive Vice President of the Company’s predecessor, Extra Space Storage LLC; co-founded and served as Chairman and Chief Executive Officer of Megahertz Corporation.