James R. Barry - Mar 2, 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
Mar 2, 2023
Transactions value $
$0
Form type
4
Date filed
3/6/2023, 04:34 PM
Previous filing
Feb 23, 2023
Next filing
Jun 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction n/a Class A Common Stock Award $0 +5.11K +59.66% $0.00 13.7K Mar 2, 2023 Direct F1
transaction n/a Class A Common Stock Tax liability $0 -1.77K -12.92% $0.00 11.9K Mar 2, 2023 Direct F2

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 53.9K Mar 2, 2023 Class A Common Stock 53.9K $0.00 Direct F3, F4
holding n/a Long-Term Incentive Plan Units 37.5K Mar 2, 2023 Class A Common Stock 37.5K $0.00 Direct F3, F5
holding n/a Class A-1 Units 124K Mar 2, 2023 Class A Common Stock 124K $0.00 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares of restricted stock previously reported as being owned by the Reporting Person, which shares of restricted stock were subject to vesting based on the achievement of specified performance measures. The actual number of shares of restricted stock to be issued upon vesting could range from 0% to 200% of the number of shares of restricted stock reported based on the actual performance measure achieved. On March 2, 2023, the Compensation Committee of the Issuer's Board of Directors determined that a performance measure had been achieved such that 200% of the number of shares of restricted stock previously reported should vest. Accordingly, on March 2, 2023, 2,556.2 shares of restricted stock previously reported as being owned by the Reporting Person vested, and an additional 2,556.2 shares of restricted stock were issued to the Reporting Person.
F2 Represents 1,767.86 shares of restricted stock being withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and net settlement of shares of restricted stock previously reported as being owned by the Reporting Person.
F3 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.
F4 Represents 53,894.48 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.
F5 Represents 37,486.75 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.
F6 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.
F7 Represents 123,766 Class A-1 Units previously reported as being owned by the Reporting Person.