MARTIN TIMOTHY M 4

What Happened
Timothy M. Martin, Chief Financial Officer of CubeSmart, was credited with 301 derivative/phantom shares on July 15, 2026. The filing reports an acquisition value of $40.46 per share, for a total of $12,178. This is recorded as an award/other acquisition (Form 4 code A) and reflects reinvested dividend equivalents rather than an open‑market purchase of common stock.

Key Details

• Transaction date: 2026-07-15; Form 4 filed: 2026-07-16 (timely).
• Transaction type: Award/other acquisition (derivative phantom shares).
• Shares credited: 301 units at $40.46 each; total value reported $12,178.
• Shares owned after transaction: not disclosed in the filing.
• Footnote: These are phantom shares from reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan (amended and restated Jan 1, 2007). They are payable in cash on a one‑for‑one basis after the reporting person leaves the company. The reporting person can reallocate these deemed investments to other options; transfers take effect the first business day of the following calendar quarter.

Context
Phantom/derivative share credits are part of deferred compensation and are paid in cash later, so they do not represent immediate ownership of common stock or an immediate buying/selling signal. Such reinvestment of dividend equivalents is a routine compensation/deferral activity rather than a direct bullish or bearish trade.