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2021-12-31 0001289490 ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001289490 2 2025-01-01 2025-12-31 0001289490 3 2025-01-01 2025-12-31 iso4217:USD exr:uSDollarsPerShare 0001289490 DEF 14A false Extra Space Storage Inc. true <div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.538%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.650%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.543%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">Value of Initial Fixed $100 Investment Based On:</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">Year</td><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">Summary Compensation Table Total for CEO</td><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Compensation Actually Paid to CEO (1)</div></td><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Summary Compensation Table Total for Non-CEO NEOs</td><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Average Compensation Actually Paid to Non-CEO NEOs (1)</div></td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Stockholder Return</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Peer Group Total Stockholder Return (2)</div></td><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">Net Income (in thousands)</td><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Core FFO per Share (3)</div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">14,186,887</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">6,246,134</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">3,672,892</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">1,906,593</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">136.00</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">137.83</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">1,022,538</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">8.21</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">12,687,241</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">8,075,443</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">3,819,705</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">2,713,241</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">149.33</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">133.97</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">900,232</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">8.12</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">12,280,701</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">13,297,537</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">3,621,950</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">3,779,198</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">153.60</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">123.21</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">850,453</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">8.10</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">2022</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">11,628,744</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">821,731</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">2,946,484</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">927,072</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">135.02</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">108.34</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">921,156</td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">8.44</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2021</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">7,315,982</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">30,315,331</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">1,823,862</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">5,938,587</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">200.95</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">143.24</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">877,758</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 7.75pt 2px 0;text-align:right;vertical-align:bottom">6.91</td></tr></table></div> 14186887 6246134 3672892 1906593 136.00 137.83

1022538000

8.21 12687241 8075443 3819705 2713241 149.33 133.97

900232000

8.12 12280701 13297537 3621950 3779198 153.60 123.21

850453000

8.10 11628744 821731 2946484 927072 135.02 108.34

921156000

8.44 7315982 30315331 1823862 5938587 200.95 143.24

877758000

6.91 Amounts represent compensation actually paid to our CEO and the average compensation actually paid to our NEOs, as determined under SEC rules, which includes the individuals indicated in the table below for each fiscal year:<div style="margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.972%"><tr><td style="width:1.0%"></td><td style="width:4.854%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:74.473%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="3" style="background-color:#93c90e;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.37pt;padding-right:3.37pt;text-align:center">Non-CEO NEOs (a)</div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Joseph D. Margolis</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Jeff Norman, Scott Stubbs, Zach Dickens, Samrat Sondhi and Noah Springer</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">Joseph D. Margolis</td><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">Scott Stubbs, Zach Dickens, Samrat Sondhi and Noah Springer</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Joseph D. Margolis</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Scott Stubbs, Zach Dickens, Samrat Sondhi and Noah Springer</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">2022</td><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">Joseph D. Margolis</td><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">Scott Stubbs, Gwyn G. McNeal, Samrat Sondhi and Noah Springer</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2021</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Joseph D. Margolis</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Scott Stubbs, Matthew T. Herrington, Gwyn G. McNeal and Samrat Sondhi</td></tr></table></div>(a) Mr. Norman was named to the role of Executive Vice President and Chief Financial Officer on July 1, 2025. Mr. Stubbs transitioned from Executive Vice President and Chief Financial Officer to Executive Vice President on July 1, 2025 and subsequently retired from the Company on December 31, 2025. Joseph D. Margolis For the relevant fiscal year, represents the cumulative TSR of the FTSE Nareit Equity REITs Index ("FNRE"), which is the peer group used by the Company for purposes of Item 201(e) of Regulation S-K under the Exchange Act in the Company's Annual Report for the year ended December 31, 2025. Core FFO per Share represents FFO per share as adjusted. FFO is defined by the National Association of Real Estate Investment Trusts, Inc. (“NAREIT”) as net income computed in accordance with GAAP excluding gains or losses on sales of operating stores and impairment write downs of depreciable real estate assets, plus depreciation and amortization and after adjustments to record unconsolidated partnerships and joint ventures on the same basis. Core FFO is FFO excluding revenues and expenses not core to our operations. For a reconciliation of net income attributable to common stockholders on a GAAP basis to Core FFO and Core FFO per share, see Appendix A. Core FFO per Share <div style="margin-top:12pt">The amounts reported in the “Compensation Actually Paid to CEO” and “Average Compensation Actually Paid to Non-CEO NEOs” columns do not reflect the actual compensation paid to or realized by our CEO or our non-CEO NEOs during each applicable year. The calculation of compensation actually paid for purposes of this table includes point-in-time fair values of stock awards, and these values will fluctuate based on our stock price, various accounting valuation assumptions and projected performance related to our performance awards. See the Summary Compensation Table for certain other compensation of our CEO and our non-CEO NEOs for each applicable fiscal year and the Options Exercised, Stock Vested and 2023 PSUs Vested table for the value realized by each of them upon the vesting of stock awards during 2025.</div><div style="margin-top:6pt">To calculate the amounts in the compensation actually paid to our CEO and the average for the other NEOs in the table above, the following amounts were deducted from and added to (as applicable) the "total" compensation as reported in the Summary Compensation Table:</div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.650%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.650%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.378%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:left;vertical-align:bottom">Adjustments</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">Average for Non-CEO NEOs</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">Average for Non-CEO NEOs</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO NEOs</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO NEOs</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO NEOs</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table </td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(11,138,715)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(2,458,631)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(9,649,642)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(2,655,156)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(9,059,042)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(2,522,752)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(8,024,201)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(1,691,600)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(4,278,669)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(805,726)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,432,899 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,088,495 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,739,646 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,679,931 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,801,236 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,450,949 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,935,053 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,258,891 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,965,824 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,253,324 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,276,491)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,404,539)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,508,614)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,092,394)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,090,112 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">191,883 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(8,330,837)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,512,653)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,273,519 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,663,506 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">41,554 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,376 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(193,188)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(38,845)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">184,530 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">37,168 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(387,028)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(74,050)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,676 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,620 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:middle">Total Adjustments</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(7,940,753)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(1,766,299)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(4,611,798)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(1,106,464)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">1,016,836 </td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">157,248 </td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(10,807,013)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(2,019,412)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">22,999,350 </td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,114,724 </td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> <div style="margin-top:12pt">The amounts reported in the “Compensation Actually Paid to CEO” and “Average Compensation Actually Paid to Non-CEO NEOs” columns do not reflect the actual compensation paid to or realized by our CEO or our non-CEO NEOs during each applicable year. The calculation of compensation actually paid for purposes of this table includes point-in-time fair values of stock awards, and these values will fluctuate based on our stock price, various accounting valuation assumptions and projected performance related to our performance awards. See the Summary Compensation Table for certain other compensation of our CEO and our non-CEO NEOs for each applicable fiscal year and the Options Exercised, Stock Vested and 2023 PSUs Vested table for the value realized by each of them upon the vesting of stock awards during 2025.</div><div style="margin-top:6pt">To calculate the amounts in the compensation actually paid to our CEO and the average for the other NEOs in the table above, the following amounts were deducted from and added to (as applicable) the "total" compensation as reported in the Summary Compensation Table:</div><div style="margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:10.427%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.650%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.650%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.372%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.650%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.378%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="6" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:left;vertical-align:bottom">Adjustments</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">Average for Non-CEO NEOs</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">Average for Non-CEO NEOs</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO NEOs</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO NEOs</td><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 4.37pt;text-align:center;vertical-align:bottom">CEO</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Average for Non-CEO NEOs</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">Deduction for Amounts Reported under the “Stock Awards” Column in the Summary Compensation Table </td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(11,138,715)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(2,458,631)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(9,649,642)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(2,655,156)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(9,059,042)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(2,522,752)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(8,024,201)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(1,691,600)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(4,278,669)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;padding:2px 0;text-align:right;vertical-align:middle">(805,726)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Increase based on ASC 718 Fair Value of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End, determined as of Applicable FY End</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,432,899 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,088,495 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9,739,646 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,679,931 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,801,236 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,450,949 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,935,053 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,258,891 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11,965,824 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,253,324 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(6,276,491)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,404,539)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(4,508,614)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,092,394)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1,090,112 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">191,883 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(8,330,837)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1,512,653)</td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">15,273,519 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2,663,506 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Increase/(Deduction) for Awards Granted during Prior FY that Vested During Applicable FY, determined based on change in ASC 718 Fair Value from Prior FY End to Vesting Date</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">41,554 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8,376 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(193,188)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(38,845)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">184,530 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">37,168 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(387,028)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(74,050)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">38,676 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,620 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:left;vertical-align:middle">Total Adjustments</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(7,940,753)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(1,766,299)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(4,611,798)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(1,106,464)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">1,016,836 </td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">157,248 </td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(10,807,013)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(2,019,412)</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="background-color:#e5e5e5;padding:0 1pt"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">22,999,350 </td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4,114,724 </td><td style="background-color:#e5e5e5;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> -11138715 -2458631 -9649642 -2655156 -9059042 -2522752 -8024201 -1691600 -4278669 -805726 9432899 2088495 9739646 2679931 8801236 2450949 5935053 1258891 11965824 2253324 -6276491 -1404539 -4508614 -1092394 1090112 191883 -8330837 -1512653 15273519 2663506 41554 8376 -193188 -38845 184530 37168 -387028 -74050 38676 3620 -7940753 -1766299 -4611798 -1106464 1016836 157248 -10807013 -2019412 22999350 4114724 <div style="margin-top:6pt">Adjustments include the following assumptions used to calculate the fair value of the awards at each valuation date in accordance with ASC 718: </div><div style="margin-top:6pt">For awards of restricted stock, adjustments reflected are based on the fair value of the awards as of the applicable valuation date calculated by multiplying the change in stock price at each fiscal year end presented by the number of shares of restricted stock outstanding on such valuation date.</div><div style="margin-top:6pt">For the PSUs that are tied to Core FFO per Share, adjustments reflected are based on the fair value of the awards as of the applicable valuation date calculated by multiplying the stock price at each fiscal year end by the number of PSUs outstanding and by the estimated probability of achieving the performance target that was used to calculate our ASC 718 expense for each fiscal year. </div><div style="margin-top:6pt">For the PSUs that are tied to relative total stockholder return and calculated in accordance with ASC718 using a Monte Carlo simulation, the adjustments reflected used the following valuation assumptions in order to calculate the fair value as of each fiscal year end (which is also the vesting date for those PSUs that vest based on the three-year period ending at such fiscal year end). Under the terms of the PSUs, dividends for the entire measurement period are paid in cash when the shares are released (and disclosed in the “All Other Compensation” column of the Summary Compensation Table for the year in which such dividends are paid), so the dividend yield was assumed to be 0%.</div><div style="margin-top:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:74.583%"><tr><td style="width:1.0%"></td><td style="width:24.412%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.136%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.542%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.818%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.592%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#93c90e;padding:0 1pt"></td><td colspan="12" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">Valuation Assumptions</td></tr><tr><td colspan="3" style="background-color:#93c90e;padding:2px 1pt;text-align:center;vertical-align:bottom">As of December 31,</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">PSU-TSR Award Granted</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Risk-free rate</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Volatility</td><td colspan="3" style="background-color:#93c90e;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Expected term (in years)</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">March 2025</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.4 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">25.8 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">2</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">March 2024</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.5 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">26.0 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">1</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">March 2024</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.2 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">28.8 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">2</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">March 2023</td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom">N/A</td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom">N/A</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">0</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">March 2023</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.1 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="background-color:#e5e5e5;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">25.7 </td><td style="background-color:#e5e5e5;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">1</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">March 2023</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.2 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">32.8 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2</td></tr></table></div><div style="margin-top:6pt">For additional information about the assumptions used to value our equity awards, please see the notes to the financial statements in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, and our Annual Report on Form 10-K for prior years.</div><div style="margin-top:12pt">PAY-FOR-PERFORMANCE ALIGNMENT</div><div style="margin-top:6pt">The following table identifies the three most important financial performance measures used by our Compensation and Human Capital Committee to link the compensation for our CEO and other NEOs in 2025, to Company performance. The majority of executive compensation was weighted toward long-term performance and time-based awards, and the metrics used to determine our performance based awards is Core FFO per Share and relative total stockholder return ranking. For the non-equity incentive plan awards, the primary performance measure used is same-store property net operating income.</div> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:62.361%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#93c90e;padding:2px 4.37pt;text-align:center;vertical-align:bottom">Financial Performance Measures</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">Core FFO per Share</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Relative Total Stockholder Return Ranking to the S&P 500 REITs (plus publicly traded storage REITs)</td></tr><tr><td colspan="3" style="background-color:#e5e5e5;padding:2px 1pt;text-align:center;vertical-align:bottom">Same-Store Property Net Operating Income</td></tr></table> Core FFO per Share Relative Total Stockholder Return Ranking to the S&P 500 REITs (plus publicly traded storage REITs) Same-Store Property Net Operating Income <div style="margin-top:12pt">The graphs below compare the compensation actually paid to our CEO and the average of the compensation actually paid to our remaining CEOs, with our cumulative TSR, our peer group TSR, our net income, and our Core FFO per Share, which is our Company Selected Measure, in each case, for the fiscal years ended December 31, 2021, 2022, 2023, 2024,and 2025.</div><div> </div><div style="margin-top:6pt;text-align:center"><img alt="CAPvsTSR.jpg" id="i-27" src="exr-20260330_g22.jpg" style="height:284px;margin-bottom:5pt;vertical-align:text-bottom;width:489px"/></div> <div style="margin-top:12pt">The graphs below compare the compensation actually paid to our CEO and the average of the compensation actually paid to our remaining CEOs, with our cumulative TSR, our peer group TSR, our net income, and our Core FFO per Share, which is our Company Selected Measure, in each case, for the fiscal years ended December 31, 2021, 2022, 2023, 2024,and 2025.</div><div> </div><div style="margin-top:6pt;text-align:center"><img alt="CAPvsTSR.jpg" id="i-27" src="exr-20260330_g22.jpg" style="height:284px;margin-bottom:5pt;vertical-align:text-bottom;width:489px"/></div> <div style="margin-top:12pt">The graphs below compare the compensation actually paid to our CEO and the average of the compensation actually paid to our remaining CEOs, with our cumulative TSR, our peer group TSR, our net income, and our Core FFO per Share, which is our Company Selected Measure, in each case, for the fiscal years ended December 31, 2021, 2022, 2023, 2024,and 2025.</div><div style="margin-top:6pt;text-align:center"><img alt="CAPvsNI.jpg" id="i-28" src="exr-20260330_g23.jpg" style="height:275px;margin-bottom:5pt;vertical-align:text-bottom;width:489px"/></div> <div style="margin-top:12pt">The graphs below compare the compensation actually paid to our CEO and the average of the compensation actually paid to our remaining CEOs, with our cumulative TSR, our peer group TSR, our net income, and our Core FFO per Share, which is our Company Selected Measure, in each case, for the fiscal years ended December 31, 2021, 2022, 2023, 2024,and 2025.</div><div style="margin-top:6pt;text-align:center"><img alt="CAPvsCoreFFO.jpg" id="i-29" src="exr-20260330_g24.jpg" style="height:276px;margin-bottom:5pt;vertical-align:text-bottom;width:489px"/></div>