CHRISTOPHER P. MARR - 01 Jan 2023 Form 4 Insider Report for CubeSmart (CUBE)

Role
CEO, Director
Signature
Douglas J. Tyrell, Attorney-in-Fact
Issuer symbol
CUBE
Transactions as of
01 Jan 2023
Transactions value $
$2,441,927
Form type
4
Filing time
04 Jan 2023, 15:41:40 UTC
Previous filing
18 Oct 2022
Next filing
13 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBE Common Award $2.44M +60.7K +15.7% $40.25 447K 01 Jan 2023 Direct F1
transaction CUBE Common Award $0 +34K +7.6% $0.00 481K 01 Jan 2023 Direct F2
holding CUBE Common 211K 01 Jan 2023 By Spousal Trust
holding CUBE Common 2.7K 01 Jan 2023 By Spousal Trust #2
holding CUBE Common 40.5K 01 Jan 2023 Held in Trust

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 Stock Option (right to buy) Award $0 +173K $0.00 173K 01 Jan 2023 Common 173K $40.25 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These common shares represent the vesting of performance-based units granted on January 1, 2020 under the 2007 Equity Incentive Plan of the Company.
F2 These common units represent restricted units issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common units vest ratably over a three-year period, one-third per year on January 1, 2024, January 1, 2025, and January 1, 2026, provided the reporting person remains employed by the Company.
F3 The stock options vest ratably over a three-year period, one-third per year on each of the first three anniversaries of the grant date, provided the reporting person remains employed by the Company.