James R. Barry - Feb 21, 2023 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
Feb 21, 2023
Transactions value $
$0
Form type
4
Date filed
2/23/2023, 05:04 PM
Previous filing
Jun 29, 2022
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding n/a Class A Common Stock 11.1K Feb 21, 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 n/a Long-Term Incentive Plan Units Award $0 +22.2K +69.86% $0.00 53.9K Feb 21, 2023 Class A Common Stock 22.2K $0.00 Direct F2, F3
transaction n/a Long-Term Incentive Plan Units Award $0 +21.8K +139.51% $0.00 37.5K Feb 21, 2023 Class A Common Stock 21.8K $0.00 Direct F2, F4
holding n/a Class A-1 Units 124K Feb 21, 2023 Class A Common Stock 124K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 11,126.1 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 22,166 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 21,835 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 123,766 Class A-1 Units previously reported as being owned by the Reporting Person.