MARTIN TIMOTHY M 4

What Happened

• Timothy M. Martin, Chief Financial Officer of CubeSmart (CUBE), was credited with 308 phantom shares on April 15, 2026. The award is recorded at $38.95 per share, for a reported value of $11,997. This was an acquisition of a derivative award (transaction code A) — not an open-market purchase of common stock.

Key Details

• Transaction date: 2026-04-15; Filing date: 2026-04-16 (Form 4 filed timely).
• Price per share: $38.95; Shares: 308; Total reported value: $11,997.
• Transaction type: Award/acquisition of derivative phantom shares (code A).
• Shares owned after transaction: not reported on the Form 4.
• Footnote: These are phantom shares from the CubeSmart Trust Executive Deferred Compensation Plan (amended Jan 1, 2007). They represent dividend equivalents that are payable in cash on a one-for-one basis after the reporting person leaves the company. The reporting person may transfer these phantom shares between deemed investment options; transfers take effect the first business day of the calendar quarter following election.

Context

• Phantom shares are cash-settled derivative awards, not actual common shares with voting rights. Because these reflect reinvested dividend equivalents under a deferred compensation plan, they are generally routine and administrative in nature rather than a directional buy/sell signal by the insider.