4//SEC Filing
Terjung Michael O 4
Accession 0001695638-23-000002
CIK 0001585389other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 5:48 PM ET
Size
10.8 KB
Accession
0001695638-23-000002
Insider Transaction Report
Form 4
Terjung Michael O
Chief Accounting Officer
Transactions
- Award
Long-Term Incentive Plan Units
2023-03-02+5,500.5→ 30,128.85 totalExercise: $0.00→ Class A Common Stock (5,500.5 underlying)
Holdings
- 9,380.86
Class A Common Stock
- 40,381.87
Long-Term Incentive Plan Units
Exercise: $0.00→ Class A Common Stock (40,381.87 underlying) - 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 40,381.87 LTIP Units previously reported as being owned by the Reporting Person. The LTIP Units vest ratably over a four-year period commencing on December 31 of the year of grant, subject to the Reporting Person's continued employment or service through each vesting date.
- [F4]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. 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 2, 2023, the Compensation Committee of the Issuer's Board of Directors determined that a performance measure had been achieved such that 100% of the number of LTIP Units previously reported should vest. Accordingly, on March 2, 2023, 5,500.5 LTIP Units previously reported as being owned by the Reporting Person vested.
- [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
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 5:48 PM ET
- Size
- 10.8 KB