CubeSmart (NYSE: CUBE) director receives 4,044-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chin Jit Kee reported acquisition or exercise transactions in this Form 4 filing.
CubeSmart director Chin Jit Kee received an equity grant that increases their direct share holdings. The director was granted 4,044 shares of CubeSmart common stock at no cost under the company’s 2007 Equity Incentive Plan. These shares vest on the earlier of the first anniversary of the grant date, the 2027 Annual Meeting of Shareholders, or the date the trustee resigns or retires from the Board. Following this grant, Chin Jit Kee directly holds 13,682 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chin Jit Kee
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common | 4,044 | $0.00 | -- |
Holdings After Transaction:
Common — 13,682 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 4,044 shares
Grant price: $0.0000 per share
Shares owned after grant: 13,682 shares
+2 more
5 metrics
Shares granted
4,044 shares
Common shares granted to director on 2026-05-19
Grant price
$0.0000 per share
Price per share for awarded common stock
Shares owned after grant
13,682 shares
Director’s direct CubeSmart common share holdings following transaction
Transaction code
A
Grant, award, or other acquisition of common stock
Transaction date
2026-05-19
Date of equity award to director
Key Terms
2007 Equity Incentive Plan, vest, Annual Meeting of Shareholders, Form 4
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did CubeSmart (CUBE) disclose for Chin Jit Kee?
CubeSmart reported that director Chin Jit Kee received a grant of 4,044 common shares. The award was made at no cost under the company’s 2007 Equity Incentive Plan and is classified as a grant or award acquisition rather than an open-market purchase or sale.