MARR CHRISTOPHER P 4
4 · CubeSmart · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
CubeSmart CEO Christopher Marr Receives Award of 80 Phantom Shares
What Happened
Christopher P. Marr, CEO and a director of CubeSmart (CUBE), was credited with 80 phantom shares (derivative award) on 2026-04-15 at an attributable value of $38.95 per share, totaling $3,116. This was an award/acquisition (Form 4 code A) reflecting reinvested dividend equivalents under the company’s executive deferred compensation plan — not an open-market purchase or sale of actual stock.
Key Details
- Transaction date and price: 2026-04-15; 80 shares @ $38.95 each (value $3,116).
- Transaction type: Award/Grant (code A); recorded as a derivative (phantom) holding.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: These phantom shares were acquired via reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan (amended Jan 1, 2007). They are payable in cash on a one-for-one basis after employment ends; the reporting person may reallocate these deemed investments to other options on a quarterly-cycle transfer.
- Timeliness: Filing date 2026-04-16 for a 2026-04-15 transaction — filed promptly (no late filing indicated).
Context
Phantom shares or dividend-equivalent awards are derivative, cash-settled credits rather than actual common stock: they typically do not confer voting rights or immediate stock ownership and are paid in cash upon plan vesting/termination. Such awards are routine compensation and do not by themselves signal a buy or sell decision by the insider.
Insider Transaction Report
- Award
Phantom Shares
[F1]2026-04-15$38.95/sh+80$3,116→ 5,960 total→ Common (80 underlying)
Footnotes (1)
- [F1]These phantom shares were acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan, amended and restated January 1, 2007, and are payable in cash on a one-for-one basis after the reporting person ceases employment with the Company. The reporting person may elect to transfer these phantom shares at any time by reallocating his or her deemed investment option to another investment alternative, and such transfer will be effected on the first business day of the calendar quarter following the election.