Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | n/a | Class A Common Stock | 6.13K | Feb 21, 2023 | Direct | F1 |
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 | +21.4K | +61.88% | $0.00 | 56K | Feb 21, 2023 | Class A Common Stock | 21.4K | $0.00 | Direct | F2, F3 |
transaction | n/a | Long-Term Incentive Plan Units | Award | $0 | +21.1K | +130.28% | $0.00 | 37.3K | Feb 21, 2023 | Class A Common Stock | 21.1K | $0.00 | Direct | F2, F4 |
Id | Content |
---|---|
F1 | Represents 6,126.82 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 21,410 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 21,091 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. |