4//SEC Filing
Terjung Michael O 4
Accession 0001695638-25-000002
CIK 0001585389other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 8:35 PM ET
Size
14.7 KB
Accession
0001695638-25-000002
Insider Transaction Report
Form 4
Terjung Michael O
Chief Accounting Officer
Transactions
- Award
Long-Term Incentive Plan Units
2025-03-17+10,892→ 48,175.43 totalExercise: $0.00→ Class A Common Stock (10,892 underlying) - Award
Long-Term Incentive Plan Units
2025-03-17+11,056→ 62,068.87 totalExercise: $0.00→ Class A Common Stock (11,056 underlying) - Award
Long-Term Incentive Plan Units
2025-03-13+3,319.43→ 37,283.43 totalExercise: $0.00→ Class A Common Stock (3,319.43 underlying)
Holdings
- 8,569.87
Class A Common Stock
- 123,766
Class A-1 Units
Exercise: $0.00→ Class A Common Stock (123,766 underlying)
Footnotes (8)
- [F1]Represents 8,569.87 shares of Class A Common 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 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 6,638.85 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 3,319.43 LTIP Units, were earned.
- [F4]Excludes 3,319.42 LTIP Units previously reported as being owned by the Reporting Person that did not vest, as described in Footnote 3.
- [F5]Represents 11,056 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.
- [F6]Represents 10,892 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.
- [F7]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.
- [F8]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 16, 8:00 PM ET
- Accepted
- Mar 17, 8:35 PM ET
- Size
- 14.7 KB