4//SEC Filing
Schwartz H. Michael 4
Accession 0001462216-23-000001
CIK 0001585389other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 5:47 PM ET
Size
16.0 KB
Accession
0001462216-23-000001
Insider Transaction Report
Form 4
Schwartz H. Michael
DirectorChief Executive Officer
Transactions
- Award
Long-Term Incentive Plan Units
2023-02-21+188,572→ 428,870.21 total(indirect: By Trust)Exercise: $0.00→ Class A Common Stock (188,572 underlying) - Award
Long-Term Incentive Plan Units
2023-02-21+191,429→ 551,876.16 total(indirect: By Trust)Exercise: $0.00→ Class A Common Stock (191,429 underlying)
Holdings
- 116.45
Class A Common Units
Exercise: $0.00→ Class A Common Stock (116.45 underlying) - 386,173(indirect: See Footnote 4.)
Class A Common Units
Exercise: $0.00→ Class A Common Stock (386,173 underlying) - 9,590,781.71(indirect: See Footnote 9.)
Class A-1 Units
Exercise: $0.00→ Class A Common Stock (9,590,781.71 underlying) - 117,260.79(indirect: By Trust)
Class A Common Stock
- 483,224(indirect: See Footnote 1.)
Class A Common Stock
Footnotes (9)
- [F1]Represents 483,224 shares of Class A Common Stock owned by SmartStop OP Holdings, LLC ("SOH") previously reported as being owned by the Reporting Person. SOH is indirectly owned and controlled by the Reporting Person.
- [F2]Represents 117,260.79 shares of restricted stock previously reported as being owned by the Reporting Person.
- [F3]Represents Class A common units ("Class A Common Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). Class A Common Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
- [F4]Represents 386,173 Class A Common Units owned by SOH previously reported as being owned by the Reporting Person.
- [F5]Represents long-term incentive plan units ("LTIP Units") of the Operating Partnership. Vested LTIP Units are convertible into Class A Common Units.
- [F6]Represents 191,429 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, which LTIP Units vest ratably over four years commencing on December 31, 2023, subject to the Reporting Person's continued employment or service through each vesting date.
- [F7]Represents 188,572 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, which number is equal to 200% of the target number of LTIP Units to be issued upon vesting. The actual number of LTIP Units to be issued upon vesting can range from 0% to 100% of the number of LTIP Units reported, based on achievement of specified performance measures. Assuming the achievement of the specified performance measures, the LTIP Units, as adjusted, will vest no later than March 31, 2026.
- [F8]Represents Class A-1 limited partnership units ("Class A-1 Units") of the Operating Partnership. Class A-1 Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
- [F9]Represents 9,590,781.71 Class A-1 Units owned by SOH previously reported as being owned by the Reporting Person.
Documents
Issuer
SmartStop Self Storage REIT, Inc.
CIK 0001585389
Entity typeother
Related Parties
1- filerCIK 0001462216
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 5:47 PM ET
- Size
- 16.0 KB