Key facts
- This page summarizes Michael J. Schall's Form 4 filing for National Storage Affiliates Trust (NSA).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 20 May 2024, 16:25.
Michael J. Schall - 16 May 2024 Form 4 Insider Report for National Storage Affiliates Trust (NSA)
- Reporting relationship
- Director
- Issuer ticker
- NSA
- Reported as of
- 16 May 2024
- Net transaction value
- +$180,005
- SEC form
- 4
- Accepted by SEC
- 20 May 2024, 16:25:00 UTC
- Prior SEC filing
- 15 May 2024
- Next SEC filing
- 03 Jan 2025
- Source filing
- View source filing
- Reporting owner signature
- Michael J. Schall, by Jason Parsont, his Attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael J. Schall filed Form 4 for National Storage Affiliates Trust (NSA) on 20 May 2024.
Change
- Previous filing in this sequence was filed on 15 May 2024.
- Current net transaction value: +$180,005.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NSA
transaction
Derivative
Class A OP Units
Award
- Transaction value
- $180,005
- Shares
- +4,757
- Change %
- +350%
- Price
- $37.84
- Shares after
- 6,116
- Date
- 16 May 2024
- Ownership
- Direct
- Underlying class
- Common shares of beneficial interest, $0.01 par value
- Underlying amount
- 4,757
- Exercise price
- Footnotes
- F1, F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
The 4,757 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 4,757 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on the earlier of: (i) May 16, 2025 or (ii) the calendar day immediately preceding the next annual meeting of shareholders, the date of which will be specified in a future proxy statement of the Issuer. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.
Footnote F2
Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.
Footnote F3
N/A
Footnote F4
The price of the derivative securities was determined using the closing price of the Issuer's Shares on May 16, 2024.
Footnote F5
The Reporting Person's total direct beneficial ownership following the reported transactions above is 6,116 Class A OP Units, which includes those Class A OP Units previously reported and the Class A OP Units reported herein (together with those other LTIP Units convertible into, or exchangeable for, such Class A OP Units as specified herein and reported in prior Forms 4). Following the reported transactions, the Reporting Person has total direct beneficial ownership in 6,116 unvested LTIP Units. The 6,116 Class A OP Units do not include non-derivative securities of the Reporting Person that were previously reported.