Schulte Jennifer 4

What Happened

• Jennifer Schulte, Chief Human Resources Officer of CubeSmart (CUBE), acquired 13.275 phantom shares on 2026-04-15 at an imputed price of $38.95, with a reported value of $517. The transaction is reported as an award/acquisition (derivative instrument), not an open-market stock purchase.

Key Details

• Transaction date: 2026-04-15; filing date: 2026-04-16 (timely filing).
• Transaction type/code: A (award/grant/acquisition); derivative (phantom shares).
• Price/value: $38.95 per share; total value $517.
• Shares owned after transaction: Not specified in the filing.
• Footnote (important): These are phantom shares acquired via reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan. They are payable in cash one-for-one after the reporting person leaves the company. The reporting person may reallocate these phantom shares to other deemed investment options; transfers take effect the first business day of the following calendar quarter.

Context

• These phantom-share awards are a form of deferred compensation (cash-settled), not newly issued or market-traded common stock. Such awards do not reflect an open-market purchase or sale and typically do not indicate an immediate change in insider market exposure.