Earnings Feed
Start Free
National Storage Affiliates Trust·4

Mar 3, 4:10 PM ET

Nordhagen Arlen Dale 4

Research Summary

AI-generated summary

Updated

National Storage Affiliates (NSA) Vice Chair Arlen Nordhagen Receives Award

What Happened

  • Arlen Dale Nordhagen, Vice Chairperson and Director of National Storage Affiliates Trust (NSA), received 12,567 Class A OP Units (derivative securities) as LTIP-related awards on Feb 27, 2026 (reported as an acquisition at $0.00). On the same date, 6,289 LTIP Units were converted into 6,289 Class A OP Units (conversion reported with matching disposition/acquisition rows). These transactions were awards/conversions tied to the Issuer’s 2024 Equity Incentive Plan and related Partnership Agreement, not open-market cash purchases or sales.

Key Details

  • Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (timely within the 2-business-day rule).
  • Reported items: 12,567 Class A OP Units granted (A) at $0.00; conversion of 6,289 LTIP Units into 6,289 Class A OP Units (reported as C—disposition and C—acquisition).
  • Shares/units after transactions: 2,561,438 Class A OP Units beneficially (direct + indirect) reported; additionally 919 vested LTIP Units and 28,424 unvested LTIP Units remain (post-transaction).
  • Performance contingency: Of the 12,567 LTIP-related units, 4,631 vest in three annual installments (2027–2029) subject to continued service; 7,936 are performance-based and vest only if performance thresholds are met. The 7,936 are reported for informational purposes and may not vest if minimum performance is not achieved.
  • Conversion/redemption mechanics: Under the Partnership Agreement, LTIP Units can convert 1-for-1 into Class A OP Units and holders can cause redemption of Class A OP Units for Issuer shares or cash per agreement terms.
  • Beneficial ownership disclaimer: The reporting person disclaims beneficial ownership except to the extent of any pecuniary interest (as noted in the filing).

Context

  • These entries are compensation-related derivative awards/conversions (codes A and C). The $0.00 acquisition price reflects issuance/conversion of LTIP/OP units rather than a cash purchase; such grants are typically compensation, not an independent market buy indicating personal investment conviction. The filing appears timely and is mainly informational about equity compensation and unit conversions.