MARR CHRISTOPHER P 4

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.