Bussani Piero 4

What Happened
Piero Bussani, a director of CubeSmart (CUBE), was granted 4,044 common shares on May 19, 2026. The Form 4 reports an award/acquisition (Code A) of 4,044 shares at $0.00 per share (no cash consideration reported), total reported value $0. This is a grant/award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-19; Form 4 filed 2026-05-20 (appears timely).
• Transaction type: Award/Grant (Code A) of 4,044 common shares.
• Price: $0.00 per share as reported; total reported consideration $0.
• Shares owned after transaction: Not specified in the filing.
• Plan: Shares issued under CubeSmart’s 2007 Equity Incentive Plan.
• Vesting (per footnote): Shares vest on the earlier of the first anniversary of the grant date, the date of the 2027 Annual Meeting of Shareholders, or the date the trustee resigns or retires from Board service.
• No 10b5-1 plan, tax withholding, or sale noted in this filing.

Context
Director stock awards are common as compensation and retention tools; they do not necessarily signal the director buying or selling stock in the market. The reported award vests over time or upon specified corporate events, aligning the director’s interest with long-term shareholder outcomes.