CubeSmart: CFO Timothy M. Martin received 320 shares

What happened

• Timothy M. Martin, chief financial officer, received 320 phantom (derivative) shares at a deemed price of $38.56 per share on Oct 15, 2026, for a total value of $12,339, reported on a Form 4 filed Oct 16, 2026.

Key details

• Transaction date and price: Oct 15, 2026; $38.56 per share.
• Transaction type and code: Award/grant (A), derivative security (phantom shares).
• Shares owned after the transaction: not reported in the Form 4.
• Footnote (from the filing): The phantom shares were acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan (amended and restated Jan 1, 2007) and are payable in cash on a one-for-one basis after the reporting person ceases employment. The reporting person may elect to transfer these phantom shares at any time by reallocating his deemed investment option, with transfers effected on the first business day of the calendar quarter following the election.

Why it may matter

• This was a derivative award of phantom shares under a deferred compensation plan, payable in cash after employment ends rather than an open-market purchase or sale. A filing does not show why the insider traded or why the company acted.