James R. Barry - Jun 28, 2022 Form 4 Insider Report for SmartStop Self Storage REIT, Inc. (N/A)

Role
CFO and Treasurer
Signature
/s/ James R. Barry
Stock symbol
N/A
Transactions as of
Jun 28, 2022
Transactions value $
$11,864
Form type
4
Date filed
6/29/2022, 04:56 PM
Previous filing
Feb 4, 2022
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction N/A Class A Common Stock Tax liability $11.9K +811 +7.86% $14.63* 11.1K Jun 28, 2022 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
holding N/A Long-Term Incentive Plan Units 31.7K Jun 28, 2022 Class A Common Stock 31.7K $0.00 Direct F2, F3
holding N/A Long-Term Incentive Plan Units 15.7K Jun 28, 2022 Class A Common Stock 15.7K $0.00 Direct F2, F4
holding N/A Class A-1 Units 124K Jun 28, 2022 Class A Common Stock 124K $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares being withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and net settlement 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 31,728.48 LTIP Units previously reported as being owned by the Reporting Person. The LTIP Units vest ratably over a four-year period commencing on December 31 of the year of grant, subject to the Reporting Person's continued employment or service through each vesting date. 8,250.8 LTIP Units were granted on April 22, 2020, 12,096.8 LTIP Units were granted on April 19, 2021, and 11,380.88 LTIP Units were granted on February 2, 2022.
F4 Represents 15,651.75 LTIP Units previously reported as being owned by the Reporting Person, 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, 8,064.5 LTIP Units, as adjusted, will vest no later than March 31, 2024 and 7,587.25 LTIP Units, as adjusted, will vest no later than March 31, 2025.
F5 Represents 123,766 Class A-1 limited partnership units ("Class A-1 Units") of the Operating Partnership previously reported as being owned by the Reporting Person. 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.