CubeSmart (NYSE: CUBE) CEO reports 78 phantom shares via dividends

Q: What did CubeSmart (CUBE) CEO report in this Form 4 filing?

CubeSmart (CUBE) CEO and director Christopher P. Marr reported the acquisition of 78 phantom shares on January 16, 2026 , related to his executive deferred compensation.

Q: What was the reference price for the phantom shares in the CubeSmart Form 4?

The 78 phantom shares reported in the transaction used a reference price of $39.61 per share for the derivative entry on the Form 4.

Q: How were the phantom shares in this CubeSmart (CUBE) filing acquired?

The phantom shares were acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan , as described in the footnote.

Q: Are the CubeSmart phantom shares actual CUBE stock?

No. The phantom shares are bookkeeping units under the executive deferred compensation plan and are payable in cash on a one-for-one basis after the CEO ceases employment with CubeSmart.

Q: Can the CubeSmart CEO change how these phantom shares are invested?

Yes. The footnote states that the reporting person may elect to transfer these phantom shares by reallocating the deemed investment option, with the transfer effective on the first business day of the following calendar quarter .

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CubeSmart CEO Christopher P. Marr, who also serves as a director, reported an acquisition of derivative securities tied to CubeSmart. On January 16, 2026, he acquired 78 phantom shares at a reference price of $39.61 per share, bringing his total phantom share balance to 5,880.

These phantom shares were credited through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan. They are not actual CubeSmart stock but book-keeping units payable in cash on a one-for-one basis after he ceases employment with the company. He may reallocate these phantom shares among investment options under the plan, with transfers effective on the first business day of the following calendar quarter.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MARR CHRISTOPHER P

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	78	$39.61	$3K

Holdings After Transaction: Phantom Shares — 5,880 shares (Direct)

Footnotes (1)

F1. These phantom shares were acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan, amended and restated January 1, 2007, and are payable in cash on a one-for-one basis after the reporting person ceases employment with the Company. The reporting person may elect to transfer these phantom shares at any time by reallocating his or her deemed investment option to another investment alternative, and such transfer will be effected on the first business day of the calendar quarter following the election.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/20/2026 - 06:01 AM

FAQ

What did CubeSmart (CUBE) CEO report in this Form 4 filing?

CubeSmart (CUBE) CEO and director Christopher P. Marr reported the acquisition of 78 phantom shares on January 16, 2026, related to his executive deferred compensation.

How many phantom shares does the CubeSmart CEO hold after this transaction?

After the reported transaction, Christopher P. Marr beneficially owns 5,880 phantom shares under the applicable executive deferred compensation arrangement.

What was the reference price for the phantom shares in the CubeSmart Form 4?

The 78 phantom shares reported in the transaction used a reference price of $39.61 per share for the derivative entry on the Form 4.

How were the phantom shares in this CubeSmart (CUBE) filing acquired?

The phantom shares were acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan, as described in the footnote.

Are the CubeSmart phantom shares actual CUBE stock?

No. The phantom shares are bookkeeping units under the executive deferred compensation plan and are payable in cash on a one-for-one basis after the CEO ceases employment with CubeSmart.

Can the CubeSmart CEO change how these phantom shares are invested?

Yes. The footnote states that the reporting person may elect to transfer these phantom shares by reallocating the deemed investment option, with the transfer effective on the first business day of the following calendar quarter.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MARR CHRISTOPHER P

(Last)

(First)

(Middle)

5 OLD LANCASTER ROAD

(Street)

MALVERN

19355

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CubeSmart [ CUBE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Shares	⁽¹⁾	01/16/2026		A		78		⁽¹⁾	⁽¹⁾	Common	78	$39.61	5,880	D

Explanation of Responses:

1. These phantom shares were acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan, amended and restated January 1, 2007, and are payable in cash on a one-for-one basis after the reporting person ceases employment with the Company. The reporting person may elect to transfer these phantom shares at any time by reallocating his or her deemed investment option to another investment alternative, and such transfer will be effected on the first business day of the calendar quarter following the election.

	Douglas J. Tyrell, Attorney-in-Fact	01/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR