CubeSmart (NYSE: CUBE) CEO discloses major equity awards and options
Rhea-AI Filing Summary
CubeSmart’s CEO and director reported several equity transactions dated January 1, 2026. The reporting person acquired 34,027 restricted common units that vest in two equal installments on January 1, 2027 and January 1, 2028, subject to continued employment. They also received 22,168 common shares from the vesting of performance-based units originally granted on January 1, 2023, and 17,013 restricted common shares that vest on January 1, 2029, also subject to continued employment.
To cover obligations at $36.05 per share, 5,425 common shares were reported as disposed of. In addition, the filing shows a stock option grant for 252,055 shares at an exercise price of $36.05, expiring on December 31, 2035, vesting in three equal annual installments from the grant date. Following these transactions, the reporting person directly holds 648,974 common shares and has additional indirect holdings through spousal and other trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 252,055 | $0.00 | -- |
| Grant/Award | Common | 34,027 | $0.00 | -- |
| Grant/Award | Common | 22,168 | $36.05 | $799K |
| Grant/Award | Common | 17,013 | $0.00 | -- |
| Tax Withholding | Common | 5,425 | $36.05 | $196K |
| holding | Common | -- | -- | -- |
| holding | Common | -- | -- | -- |
| holding | Common | -- | -- | -- |
Footnotes (1)
- These common units represent restricted units issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common units vest ratably over a two-year period, one-half per year on January 1, 2027,and January 1, 2028, provided the reporting person remains employed by the Company. These common shares represent the vesting of performance-based units granted on January 1, 2023 under the 2007 Equity Incentive Plan of the Company. These common shares represent restricted shares issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common shares vest on January 1, 2029, provided the reporting person remains employed by the Company. The stock options vest ratably over a three-year period, one-third per year on each of the first three anniversaries of the grant date, provided the reporting person remains employed by the Company.
FAQ
What insider transactions did CubeSmart (CUBE) report for January 1, 2026?
The CEO and director of CubeSmart reported equity grants and related activity on January 1, 2026, including restricted units, performance-based shares, restricted shares, and a stock option grant.
What stock options were granted to the CubeSmart (CUBE) CEO?
The filing shows a stock option for 252,055 shares of common stock with an exercise price of $36.05 per share, expiring on December 31, 2035, vesting in three equal annual installments.