Wayne Johnson - 21 Feb 2023 Form 4 Insider Report for SmartStop Self Storage REIT, Inc. (SMA)

Role
President and CIO
Signature
/s/ Wayne Johnson
Issuer symbol
SMA
Transactions as of
21 Feb 2023
Net transactions value
$0
Form type
4
Filing time
23 Feb 2023, 16:57:50 UTC
Previous filing
04 Feb 2022
Next filing
06 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SMA Class A Common Stock 23,452 21 Feb 2023 Direct F1

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 SMA Long-Term Incentive Plan Units Award $0 +15,617 +28% $0.000000 72,054 21 Feb 2023 Class A Common Stock 15,617 $0.000000 Direct F2, F3
transaction SMA Long-Term Incentive Plan Units Award $0 +15,384 +41% $0.000000 53,009 21 Feb 2023 Class A Common Stock 15,384 $0.000000 Direct F2, F4
holding SMA Class A-1 Units 495,063 21 Feb 2023 Class A Common Stock 495,063 $0.000000 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 23,452.16 shares of restricted stock previously reported as being owned by the Reporting Person.
F2 Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). Vested LTIP Units are convertible into Class A common units of the Operating Partnership ("Class A Common Units"). Class A Common Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
F3 Represents 15,617 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, which LTIP Units vest ratably over four years commencing on December 31, 2023, subject to the Reporting Person's continued employment or service through each vesting date.
F4 Represents 15,384 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, which number is equal to 200% of the target number of LTIP Units to be issued upon vesting. The actual number of LTIP Units to be issued upon vesting can range from 0% to 100% of the number of LTIP Units reported, based on achievement of specified performance measures. Assuming the achievement of the specified performance measures, the LTIP Units, as adjusted, will vest no later than March 31, 2026.
F5 Represents Class A-1 limited partnership units ("Class A-1 Units") of the Operating Partnership. Class A-1 Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
F6 Represents 495,063 Class A-1 Units previously reported as being owned by the Reporting Person.