4//SEC Filing
SCHALL MICHAEL J 4
Accession 0001628280-24-023551
CIK 0001618563other
Filed
May 14, 8:00 PM ET
Accepted
May 15, 4:11 PM ET
Size
7.4 KB
Accession
0001628280-24-023551
Insider Transaction Report
Form 4
SCHALL MICHAEL J
Director
Transactions
- Award
Class A OP Units
2024-05-13$36.81/sh+1,359$50,025→ 1,359 total→ Common shares of beneficial interest, $0.01 par value (1,359 underlying)
Footnotes (5)
- [F1]The 1,359 Class A common units of limited partner interest ("Class A OP Units") in NSA OP, LP (the "Partnership") are issuable upon the conversion of 1,359 long-term incentive plan units ("LTIP Units") in the Partnership. The LTIP Units were granted to the Reporting Person under the Issuer's 2024 Equity Incentive Plan, and are scheduled to vest on May 13, 2026, subject to the Reporting Person remaining a trustee at that time. Vested LTIP Units, after achieving parity with Class A OP Units, are eligible to be converted into Class A OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership's agreement of limited partnership.
- [F2]Upon conversion of such vested parity LTIP Units into Class A OP Units, the Reporting Person will have the right to cause the Partnership to redeem a portion of the Reporting Person's Class A OP Units for cash in an amount equal to the market value of an equivalent number of the Issuer's common shares of beneficial interest ("Shares"), or at the Issuer's option, Shares on a one-for-one basis, subject to certain adjustments.
- [F3]N/A
- [F4]The price of the derivative securities was determined using the closing price of the Issuer's Shares on May 13, 2024.
- [F5]The Reporting Person's total direct beneficial ownership following the reported transactions above is 1,359 Class A OP Units (together with those securities convertible into, or exchangeable for, such Class A OP Units as specified herein). Following the reported transactions, the Reporting Person has total direct beneficial ownership in 1,359 unvested LTIP Units.
Documents
Issuer
National Storage Affiliates Trust
CIK 0001618563
Entity typeother
Related Parties
1- filerCIK 0001198212
Filing Metadata
- Form type
- 4
- Filed
- May 14, 8:00 PM ET
- Accepted
- May 15, 4:11 PM ET
- Size
- 7.4 KB