MARR CHRISTOPHER P 4

What Happened

Christopher P. Marr, CEO and Director of CubeSmart (CUBE), was credited with 78 phantom shares on July 15, 2026. The award is reported as a derivative acquisition valued at $40.46 per share, a total of $3,156. This was not an open-market purchase or sale of common stock but an acquisition of deferred/phantom shares through reinvested dividend equivalents.

Key Details

• Transaction date: 2026-07-15; Filing date: 2026-07-16 (timely).
• Transaction type/code: Award/Acquisition (derivative) — Form 4 entry shown as "A".
• Price/value: 78 shares × $40.46 = $3,156.
• Shares owned after transaction: Not disclosed in the excerpt of the filing.
• Footnote summary: These are phantom shares 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. The holder may reallocate the deemed investment option and transfer these phantom shares; transfers take effect on the first business day of the following calendar quarter.
• Filing timeliness: Reported the next day; no late filing flagged.

Context

Phantom shares are a form of deferred cash compensation tied to the company's stock value — they do not represent immediate ownership of common shares and cannot be sold on the market. Such reinvestment of dividend equivalents is a routine compensation/deferral action and should not be interpreted as an immediate bullish or bearish trade by the insider.