SmartStop Self Storage REIT, Inc.·4

Jun 25, 4:47 PM ET

Perry Harold 4

Research Summary

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Updated

SmartStop (SMA) Director Perry Harold Receives Award

What Happened

  • Perry Harold, a director of SmartStop Self Storage REIT, Inc. (SMA), was granted 3,230 long-term incentive plan units ("LTIP Units") on June 23, 2026. The grant is reported as a derivative acquisition (code A) at $0.00. These LTIP Units vest one year from his reelection date and are convertible into common units that are redeemable for SmartStop common stock on a one-for-one basis or for cash at the issuer’s election.

Key Details

  • Transaction date: 2026-06-23; Filing date: 2026-06-25 (timely filing).
  • Transaction type/code: Award/Grant (A); reported price: $0.00 (derivative award).
  • Award size and vesting: 3,230 LTIP Units awarded; vest in one year (per footnote F3).
  • Existing holdings noted in filing:
    • Previously reported 12,657 shares of common stock (less 0.19 shares redeemed in a fractional-share redemption; footnote F1).
    • 9,598 LTIP Units previously issued that vest ratably over four years starting on the first anniversary of issuance (footnote F4).
  • How LTIP Units work (footnote F2): vested LTIP Units convert to common units of the operating partnership, which the holder can redeem for issuer common stock on a one-for-one basis or for cash.
  • No indication of a 10b5-1 plan, tax withholding sale or late filing in this report.

Context

  • This is an equity award subject to vesting, not an open‑market purchase or sale. Because the LTIP Units vest in the future and convert subject to plan rules, the grant does not represent immediate share ownership or an immediate buy/sell signal. Awards like this are routine director compensation and should be weighed alongside other insider transactions and company fundamentals.