4//SEC Filing
Terjung Michael O 4
Accession 0001695638-23-000001
CIK 0001585389other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 6:20 PM ET
Size
11.4 KB
Accession
0001695638-23-000001
Insider Transaction Report
Form 4
Terjung Michael O
Chief Accounting Officer
Transactions
- Award
Long-Term Incentive Plan Units
2023-02-21+10,076→ 40,381.87 totalExercise: $0.00→ Class A Common Stock (10,076 underlying) - Award
Long-Term Incentive Plan Units
2023-02-21+9,925→ 30,128.85 totalExercise: $0.00→ Class A Common Stock (9,925 underlying)
Holdings
- 9,380.86
Class A Common Stock
- 123,766
Class A-1 Units
Exercise: $0.00→ Class A Common Stock (123,766 underlying)
Footnotes (6)
- [F1]Represents 9,380.86 shares of restricted stock previously reported as being owned by the Reporting Person.
- [F2]Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). Vested LTIP Units are convertible into Class A common units of the Operating Partnership ("Class A Common Units"). 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.
- [F3]Represents 10,076 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.
- [F4]Represents 9,925 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.
- [F5]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.
- [F6]Represents 123,766 Class A-1 Units previously reported as being owned by the Reporting Person.
Documents
Issuer
SmartStop Self Storage REIT, Inc.
CIK 0001585389
Entity typeother
Related Parties
1- filerCIK 0001695638
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 6:20 PM ET
- Size
- 11.4 KB