CubeSmart (NYSE: CUBE) director receives 4,044-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REMONDI JOHN F reported acquisition or exercise transactions in this Form 4 filing.
CubeSmart director John F. Remondi reported receiving an equity award of 4,044 shares of CubeSmart common stock. The shares were granted at a price of $0.00 per share under the company’s 2007 Equity Incentive Plan as compensation, not an open-market purchase.
These common shares vest on the earlier of the first anniversary of the grant date, the 2027 Annual Meeting of Shareholders, or the date he resigns or retires from the Board. Following this award, Remondi directly holds 77,969 CubeSmart common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
REMONDI JOHN F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 4,044 | $0.00 | -- |
Holdings After Transaction:
Common — 77,969 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 4,044 shares
Grant price per share: $0.00 per share
Total shares after grant: 77,969 shares
+2 more
5 metrics
Equity award size
4,044 shares
Common stock grant on May 19, 2026
Grant price per share
$0.00 per share
Equity compensation, not open-market purchase
Total shares after grant
77,969 shares
Direct holdings following the reported transaction
Vesting trigger
First anniversary of grant
One of the vesting conditions for the 4,044 shares
Alternative vesting trigger
2027 Annual Meeting
Alternative vesting date for the equity award
Key Terms
2007 Equity Incentive Plan, vest, Annual Meeting of Shareholders, non-derivative
4 terms
2007 Equity Incentive Plan financial
"The common shares are issued under the Company's 2007 Equity Incentive Plan."
vest financial
"The common shares vest on the earlier of the first anniversary of the grant date..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
non-derivative financial
"transaction_type": "non-derivative""
FAQ
What did CubeSmart (CUBE) director John F. Remondi report in this Form 4?
John F. Remondi reported receiving an award of 4,044 CubeSmart common shares. The shares were granted at $0.00 per share as equity compensation under the 2007 Equity Incentive Plan and increase his direct holdings to 77,969 shares.
Was John F. Remondi’s CubeSmart transaction an open-market stock purchase or sale?
The transaction was a grant or award of 4,044 CubeSmart common shares at $0.00 per share. It is classified as a non-derivative grant acquisition under the company’s 2007 Equity Incentive Plan, not an open-market buy or sell.