Weber Jennie 4
Research Summary
AI-generated summary
CubeSmart (CUBE) Director Jennie Weber Receives 4,044-Share Award
What Happened
- Jennie Weber, a director of CubeSmart (CUBE), was issued 4,044 common shares as an award (transaction code A) on May 19, 2026. The shares were granted at $0.00 per share (no cash paid). The Form 4 was filed on May 20, 2026.
Key Details
- Transaction date: 2026-05-19; filing date: 2026-05-20 (timely — within Form 4 reporting window).
- Shares granted: 4,044; price reported: $0.00 per share (award/issuance).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: Shares issued under the Company’s 2007 Equity Incentive Plan. Vesting occurs 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.
- Transaction type: Award/grant (A) — not an open-market purchase or sale.
Context
- Grants to directors are a common form of compensation and do not require immediate cash outlay; vesting conditions mean the shares may not be transferable or realized until vesting occurs. Such awards are routine and differ from open-market purchases, which some investors view as a stronger bullish signal.