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...

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 Space from 2007 to 2009, and he has been with the company since its early days in 2004. His background includes founding Megahertz, a company that became a leader in laptop modems, which eventually went public and got acquired by US Robotics. Kirk has a Bachelor’s degree in finance and an MBA from the University of Utah. During his time as CEO, he focused on growing the company, which saw significant revenue increases and expansions during and after his leadership.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Extra Space Storage CEOs

E

Spencer F. Kirk

Ex-CEO of Extra Space Storage

Education

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

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

May 5, 1961 - 63 years ago

CEO of Extra Space Storage for

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.

Rivals

Competitors/colleagues of Spencer F. Kirk

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

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

F

Peter E. Baccile

CEO of First Industrial Realty Trust

2023 Compensation

Stock

$0.00

Salary

$836.00K

Bonus

$1.83M

Other

$31.04K

Total Holdings

$22.16M

Holdings

See how much did Spencer F. Kirk make over time.

Spencer F. Kirk has seen notable fluctuations in his stock holdings during his time at Extra Space Storage. In 2019, his holdings peaked at around $225.21 million and experienced decreases over the following months, dropping to around $201.87 million by...

Spencer F. Kirk has seen notable fluctuations in his stock holdings during his time at Extra Space Storage. In 2019, his holdings peaked at around $225.21 million and experienced decreases over the following months, dropping to around $201.87 million by December. However, there was a significant uptick in 2021, reaching as high as $290.38 million, reflecting the company's successful expansion and revenue growth. By early 2024, his holdings had stabilized to about $166.49 million. Throughout these changes, Kirk remained one of the largest private individual stockholders in the company, which highlights both his vested interests and the strong performance of the stock during his leadership.

Mar 18, 2025

E

shares

EXR @ $147.92

Total Stock Sold

$273.68M

EXR

$273.68M

2,243,315 EXR shares

What if they kept their stock?

If Spencer F. Kirk didn't sell their stock, today they would have:
Extra EXR2,243,315 shares worth $230.86M.
This is -15.65% and $42.82M less than what they got when they sold the stock.

Charitable Transactions

EXR

1,711,775 shares

EXR

Recent Charitable Transactions

EXR

6,775 shares

EXR

Dec 12, 2024

Charity

EXR

$12.47M

EXR at $112.36/share

Dec 31, 2020

Charity

EXR

$10.17M

EXR at $203.31/share

Dec 2, 2021

Charity

EXR

$42.54M

EXR at $174.34/share

Aug 12, 2021

Charity

EXR

$42.95M

EXR at $176.03/share

Aug 2, 2021

Charity

EXR

$12.64M

EXR at $175.55/share

Jul 30, 2021

Charity

Insider Trading

See recent insider trades of Spencer F. Kirk.

EXR

6,775 shares

EXR

Dec 12, 2024

Charity

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

$12.47M

EXR at $112.36/share

Dec 31, 2020

Charity

EXR

$10.17M

EXR at $203.31/share

Dec 2, 2021

Charity

EXR

$42.80M

EXR at $175.40/share

Aug 12, 2021

Sale

EXR

$42.54M

EXR at $174.34/share

Aug 12, 2021

Charity

EXR

$42.54M

EXR at $174.34/share

Aug 12, 2021

Charity

EXR

$42.84M

EXR at $175.59/share

Aug 2, 2021

Sale

Compensation History

See how much did Spencer F. Kirk make over time.

During his time leading Extra Space Storage, Spencer F. Kirk earned a range of salaries and bonuses. For instance, in 2016, he received a total compensation of approximately $1.72 million, which included a base salary of $750,000 and substantial stock options that vested that year. Throughout the years, his compensation was closely tied to the company’s performance, with his pay structured to incentivize long-term growth and align with shareholder interests. His total earnings varied significantly; for example, in 2015, he made over $3.23 million, demonstrating the company's successful financial strategies under his leadership. This structure aimed to reward executives for hitting performance targets, particularly related to the company's funds from operations.

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.

Other Extra Space Storage CEOs

Here are other CEOs of Extra Space Storage

Kenneth M. Woolley

Founder and Ex-CEO of Extra Space Storage

October 2004 - April 2009

Joseph (Joe) D. Margolis

CEO of Extra Space Storage

January 2017 - Present