AI English summary of an SEC filing — figures as filed

The company said Executive Vice President and Chief Financial Officer P. Scott Stubbs will retire effective December 31, 2025, and its board selected Senior Vice President of Capital Markets and Treasury Jeff Norman as his successor. Norman will take over as Executive Vice President and CFO on May 19, 2025.

8-KDeparture or Appointment of Directors or Certain OfficersFiled May 19, 2025Period of report May 19, 2025Summary published (UTC) Oct 15, 2026

Key points

AI summary

The company said Executive Vice President and Chief Financial Officer P. Scott Stubbs will retire effective December 31, 2025, and its board selected Senior Vice President of Capital Markets and Treasury Jeff Norman as his successor. Norman will take over as Executive Vice President and CFO on May 19, 2025.
Extra Space Storage said Jeff Norman will assume the responsibilities of Chief Financial Officer beginning July 1, 2025. Stubbs will remain a member of the Executive Committee until his retirement and will work closely with Norman and the finance and accounting functions through December 31, 2025.
The company said Norman's annual base salary will be $450,000 following his appointment as Executive Vice President and CFO, and he will receive a restricted stock grant with a value of $300,000, effective July 1, 2025. He will also remain eligible for annual bonuses and equity awards.
The company said Jeff Norman joined in 2012 and has served as Senior Vice President of Capital Markets and Treasury since January 2024, and that he has managed the risk management function since 2022. The press release said Stubbs spent 25 years with the company and has been CFO since 2011.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

CFO Succession and Retirement Timing

The company said Executive Vice President and Chief Financial Officer P. Scott Stubbs will retire effective December 31, 2025, and its board selected Senior Vice President of Capital Markets and Treasury Jeff Norman as his successor. Norman will take over as Executive Vice President and CFO on May 19, 2025.

Source · Based on the filing body and exhibits

Norman's CFO Start Date and Stubbs's Transition Period

Extra Space Storage said Jeff Norman will assume the responsibilities of Chief Financial Officer beginning July 1, 2025. Stubbs will remain a member of the Executive Committee until his retirement and will work closely with Norman and the finance and accounting functions through December 31, 2025.

Source · Based on the filing body and exhibits

Norman's Compensation Terms

The company said Norman's annual base salary will be $450,000 following his appointment as Executive Vice President and CFO, and he will receive a restricted stock grant with a value of $300,000, effective July 1, 2025. He will also remain eligible for annual bonuses and equity awards.

Source · Based on the filing body and exhibits

Norman's Background and Stubbs's Tenure

The company said Jeff Norman joined in 2012 and has served as Senior Vice President of Capital Markets and Treasury since January 2024, and that he has managed the risk management function since 2022. The press release said Stubbs spent 25 years with the company and has been CFO since 2011.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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