Schulte Jennifer 4

What Happened Jennifer Schulte, Chief Human Resources Officer of CubeSmart (CUBE), acquired 12.953 phantom shares on 2026-07-15 at a per-unit valuation of $40.46, totaling approximately $524. The transaction is reported as an acquisition/award (code A) and represents derivative units (not actual common stock).

Key Details

• Transaction date: 2026-07-15; Report filed: 2026-07-16 (timely filing).
• Amount: 12.953 phantom shares valued at $40.46 each; total ≈ $524.
• Transaction type: A (award/acquisition) — derivative units rather than issuance of common stock.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: These are "phantom shares" acquired via reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan. They are payable in cash on a one-for-one basis after the reporting person leaves employment and can be reallocated to other deemed investment options (transfers take effect the first business day of the following calendar quarter).

Context Phantom shares are a deferred-compensation derivative that pay out in cash later and do not represent immediate equity ownership or trading activity. Such awards are common as compensation and do not by themselves indicate an insider buying or selling company stock.