Morris Timothy S. 4
4 · SmartStop Self Storage REIT, Inc. · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
SmartStop (SMA) Director Timothy S. Morris Receives Award
What Happened
Timothy S. Morris, a director of SmartStop Self Storage REIT, Inc. (SMA), was granted 3,075 shares of restricted common stock on 2026-06-23. The shares were awarded at $0.00 (no cash paid) and carry a vesting schedule — they vest one year from his reelection. This is an award of director compensation rather than a market purchase or sale.
Key Details
- Transaction date: 2026-06-23; Form 4 filed 2026-06-25 (filed within the typical two-business-day window).
- Transaction type/code: A — Award/Grant.
- Shares awarded: 3,075 restricted shares at $0.00; total consideration reported $0.
- Shares owned after transaction (per filing footnotes): 12,241 shares total (3,075 newly awarded + 9,166 previously reported restricted shares), noting the filing references a 0.9-share fractional redemption conducted July 30, 2025.
- Vesting: the 3,075 shares vest one year from reelection (Footnote F1). The previously held 9,166 restricted shares vest ratably over four years beginning on the first anniversary of their issuance (Footnote F3).
- Notable footnotes: F2 notes a 0.9-share redemption from a fractional share cleanup; F1 and F3 describe vesting schedules. No 10b5-1 plan or sales reported.
Context
Restricted stock awards to directors are common compensation and do not represent an immediate market purchase or sale — they typically indicate continued service commitments. Because these shares vest in the future, they do not provide immediate liquidity or market-selling activity and should be interpreted as standard director compensation rather than a direct signal about near-term insider sentiment.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-23+3,075→ 18,253 total
- 9,166
Common Stock
[F3]
Footnotes (3)
- [F1]The Reporting Person was awarded 3,075 shares of restricted Common Stock upon his reelection to the board of directors, which shares vest one year from such reelection.
- [F2]Includes shares of Common Stock previously reported as being owned by the Reporting Person, less 0.9 shares of Common Stock that were redeemed by the Issuer in connection with a fractional share redemption conducted by the Issuer with respect to its outstanding Common Stock as of July 30, 2025.
- [F3]Represents 9,166 shares of restricted Common Stock previously reported as being owned by the Reporting Person, which shares vest ratably over four years commencing on the first anniversary of the issuance thereof, subject to the Reporting Person's continued service through each vesting date.