Timothy M. Martin - Jan 18, 2022 Form 4 Insider Report for CubeSmart (CUBE)

Role: CFO
Signature: Douglas J. Tyrell, Attorney-in-Fact
Stock symbol: CUBE
Transactions as of: Jan 18, 2022
Transactions value $: $8,019
Form type: 4
Date filed: 1/18/2022, 04:02 PM
Previous filing: Jan 4, 2022
Next filing: Apr 18, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CUBE	Phantom Shares	Award	$8.02K	+160	+0.85%	$50.12	18.9K	Jan 18, 2022	Common	160		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These phantom shares were acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan, amended and restated January 1, 2007, and are payable in cash on a one-for-one basis after the reporting person ceases employment with the Company. The reporting person may elect to transfer these phantom shares at any time by reallocating his or her deemed investment option to another investment alternative, and such transfer will be effected on the first business day of the calendar quarter following the election.

Content

These phantom shares were acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan, amended and restated January 1, 2007, and are payable in cash on a one-for-one basis after the reporting person ceases employment with the Company. The reporting person may elect to transfer these phantom shares at any time by reallocating his or her deemed investment option to another investment alternative, and such transfer will be effected on the first business day of the calendar quarter following the election.