Jennifer Schulte - 01 Jan 2024 Form 4 Insider Report for CubeSmart (CUBE)

Role: Chief Human Resources Officer
Signature: Douglas J. Tyrell, Attorney-in-Fact
Issuer symbol: CUBE
Transactions as of: 01 Jan 2024
Net transactions value: +$37,590
Form type: 4
Filing time: 03 Jan 2024, 16:30:28 UTC
Previous filing: 16 Oct 2023
Next filing: 17 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CUBE	Common	Award	$158,007	+3,409	+49%	$46.35	10,389	01 Jan 2024	Direct	F1
transaction	CUBE	Common	Award	$0	+1,528	+15%	$0.000000	11,917	01 Jan 2024	Direct	F2
transaction	CUBE	Common	Award	$0	+1,528	+13%	$0.000000	13,445	01 Jan 2024	Direct	F3
transaction	CUBE	Common	Tax liability	$10,614	-229	-1.7%	$46.35	13,216	01 Jan 2024	Direct
transaction	CUBE	Common	Tax liability	$16,454	-355	-2.7%	$46.35	12,861	01 Jan 2024	Direct
transaction	CUBE	Common	Tax liability	$21,228	-458	-3.6%	$46.35	12,403	01 Jan 2024	Direct
transaction	CUBE	Common	Tax liability	$72,121	-1,556	-13%	$46.35	10,847	01 Jan 2024	Direct

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	+15,233		$0.000000	15,233	01 Jan 2024	Common	15,233	$46.35	Direct	F4

* 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 shares granted on January 1, 2021 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, 2025, January 1, 2026, and January 1, 2027, provided the reporting person remains employed by the Company.
F3	These common shares represent restricted shares issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common shares vest ratably over a three-year period, one-third per year on January 1, 2025, January 1, 2026, and January 1, 2027, provided the reporting person remains employed by the Company.
F4	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.