Robinson Joseph H 4

What Happened
Joseph H. Robinson, Chief Operations Officer of SmartStop Self Storage REIT, Inc. (SMA), was granted two long-term incentive plan (LTIP) awards on March 25, 2026: 7,245 LTIP units and 11,558 LTIP units (total 18,803). Both grants were reported as awards (transaction code A) at $0.00 per unit (derivative awards rather than open-market purchases). LTIP units are not immediate common shares; they convert into common units of the operating partnership and those common units are redeemable for SmartStop common stock on a one-for-one basis or for cash.

Key Details

• Transaction date: 2026-03-25 (Form 4 filed 2026-03-27 — timely within the typical two-business-day window).
• Grants: 7,245 LTIP units (vest ratably over 4 years beginning Dec 31 of the grant year) and 11,558 LTIP units (performance-based, reported as 200% of target; actual payout 0–100% depending on performance; if earned, will vest no later than Jan 31, 2029).
• Price reported: $0.00 per unit (derivative award, not a cash purchase).
• Shares owned after transaction: not specified in the excerpt provided.
• Notable footnotes: fractional-share redemption reduced previously reported common stock ownership by 0.53 shares (F1); the 11,558 units are contingent on performance and represent an above-target payout level (F4); vested LTIP units convert into common units which are redeemable for stock or cash (F2).
• Transaction type code: A = Award/Grant.

Context
These are award grants (compensation), common for executives and not the same as open-market buys/sells. Because the larger 11,558-unit award is performance-based, the final number of units that vest will depend on meeting specified goals through the applicable performance period (vesting no later than Jan 31, 2029). For retail investors, awards signal company compensation decisions but do not necessarily indicate immediate insider buying or selling intent.