Schwartz H. Michael 4

Accession 0001462216-25-000002

CIK 0001585389other

View on SEC.gov Company Profile

Filed

Mar 16, 8:00 PM ET

Accepted

Mar 17, 8:00 PM ET

Size

19.7 KB

Accession

0001462216-25-000002

Insider Transaction Report

Form 4

Period: 2025-03-13

SmartStop Self Storage REIT, Inc.N/A

Schwartz H. Michael

DirectorChief Executive Officer

Transactions

Award
Long-Term Incentive Plan Units
2025-03-17+195,392→ 935,165.16 total(indirect: By Trust)
Exercise: $0.00→ Class A Common Stock (195,392 underlying)
Award
Long-Term Incentive Plan Units
2025-03-13+36,039.46→ 577,924.76 total(indirect: By Trust)
Exercise: $0.00→ Class A Common Stock (36,039.46 underlying)
Award
Long-Term Incentive Plan Units
2025-03-17+192,476→ 770,400.76 total(indirect: By Trust)
Exercise: $0.00→ Class A Common Stock (192,476 underlying)

Holdings

Class A Common Stock
(indirect: See Footnote 1.)
483,224
Class A Common Units
(indirect: By Trust)
Exercise: $0.00→ Class A Common Stock (116.45 underlying)
116.45
Class A Common Units
(indirect: See Footnote 4.)
Exercise: $0.00→ Class A Common Stock (386,173 underlying)
386,173
Class A-1 Units
(indirect: See Footnote 11.)
Exercise: $0.00→ Class A Common Stock (9,590,781.71 underlying)
9,590,781.71
Class A Common Stock
(indirect: By Trust)
117,260.79

Footnotes (11)

[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.
[F10]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.
[F11]Represents 9,590,781.71 Class A-1 Units owned by SOH previously reported as being owned by the Reporting Person.
[F2]Represents 117,260.79 shares of Class A Common 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 LTIP Units previously reported as being owned by the Reporting Person, which LTIP Units were subject to vesting based on the achievement of specified performance measures. Such LTIP Units were reported at 200% of the target number of LTIP Units to be issued upon vesting, or 72,078.91 LTIP Units, on February 4, 2022. The actual number of LTIP Units to be issued upon vesting could range from 0% to 100% of the number of LTIP Units reported based on the actual performance measure achieved. On March 13, 2025, the Compensation Committee of the Issuer's Board of Directors determined that a performance measure had been achieved such that 50% of the number of LTIP Units previously reported, or 36,039.46 LTIP Units, were earned.
[F7]Excludes 36,039.45 LTIP Units previously reported as being owned by the Reporting Person that did not vest, as described in Footnote 6.
[F8]Represents 195,392 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, 2025, subject to the Reporting Person's continued employment or service through each vesting date.
[F9]Represents 192,476 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, 2028.

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

SmartStop Self Storage REIT, Inc.

CIK 0001585389

→

Entity typeother

Related Parties

filerCIK 0001462216

Filing Metadata

Form type: 4
Filed: Mar 16, 8:00 PM ET
Accepted: Mar 17, 8:00 PM ET
Size: 19.7 KB

View on SEC.gov