Extra Space Storage CEO Joseph Margolis' 2021 pay rises 8% to $7.3M
Extra Space Storage reports 2021 executive compensation
By ExecPay News
Published: April 5, 2022
Extra Space Storage reported fiscal year 2021 executive compensation information on April 5, 2022.
In 2021, five executives at Extra Space Storage received on average a compensation package of $2.9M, a 8% increase compared to previous year.
Average pay of disclosed executives at Extra Space Storage
Joseph D. Margolis, Chief Executive Officer, received $7.3M in total, which increased by 8% compared to 2020. 58% of Margolis' compensation, or $4.3M, was in stock awards. Margolis also received $1.4M in non-equity incentive plan, $850K in salary, as well as $753K in other compensation.
For fiscal year 2021, the median employee pay was $43,361 at Extra Space Storage. Therefore, the ratio of Joseph D. Margolis' pay to the median employee pay was 169 to one.
Scott Stubbs, Chief Financial Officer, received a compensation package of $2.5M, which increased by 7% compared to previous year. 48% of the compensation package, or $1.2M, was in stock awards.
Samrat Sondhi, Chief Marketing Officer, earned $2M in 2021, a 6% increase compared to previous year.
Gwyn G. McNeal, Chief Legal Officer, received $1.8M in 2021, which increases by 6% compared to 2020.
Matthew Herrington, Chief Operations Officer, earned $1M in 2021, a 17% increase compared to previous year.
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Source: SEC filing on April 5, 2022.