CubeSmart CFO granted 308 phantom shares

CubeSmart CFO Timothy M. Martin acquired 308 phantom shares as a compensation-related award.

Rhea-AI Filing Summary

CubeSmart CFO Timothy M. Martin acquired 308 phantom shares as a compensation-related award. These phantom shares were credited on April 15, 2026 at $38.95 per share through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan.

The phantom shares are payable in cash on a one-for-one basis after he ceases employment with the company, and he may later reallocate this deemed investment into other plan options. Following this grant, his balance in this phantom share account totals 22,963 phantom shares.

Insider Trade Summary

Grant/Award: 308 shares

Grant/Award 1 txn

Insider MARTIN TIMOTHY M

Role CFO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	308	$38.95	$12K

Holdings After Transaction: Phantom Shares — 22,963 contracts (Direct)

Footnotes (1)

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.

Key Figures

Phantom shares granted: 308 phantom shares Reference price per phantom share: $38.95 per share Phantom share balance after transaction: 22,963 phantom shares +1 more

4 metrics

Phantom shares granted 308 phantom shares Grant/award acquisition on April 15, 2026

Reference price per phantom share $38.95 per share Value used for dividend equivalent reinvestment

Phantom share balance after transaction 22,963 phantom shares Total phantom shares following the award

Conversion or exercise price $0.00 Phantom shares payable in cash on one-for-one basis

Key Terms

Phantom Shares, dividend equivalents, Executive Deferred Compensation Plan

3 terms

Phantom Shares financial

"These phantom shares were acquired through reinvestment of dividend equivalents"

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

dividend equivalents financial

"acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Executive Deferred Compensation Plan financial

"under the CubeSmart Trust Executive Deferred Compensation Plan, amended and restated January 1, 2007"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CubeSmart (CUBE) CFO Timothy M. Martin report in this Form 4?

He reported receiving 308 phantom shares as a compensation-related award. The shares were credited through dividend equivalent reinvestment under CubeSmart’s Executive Deferred Compensation Plan and increase his phantom share balance to 22,963, payable in cash after his employment ends.

Is the CubeSmart (CUBE) CFO’s Form 4 transaction an open-market share purchase?

No, this Form 4 shows a grant of 308 phantom shares, not an open-market stock purchase. The shares arose from reinvested dividend equivalents in a deferred compensation plan and are settled in cash rather than actual CubeSmart common stock.

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

After this transaction, the CFO’s reported phantom share balance is 22,963 shares. This includes the newly credited 308 phantom shares from dividend equivalent reinvestment within the company’s Executive Deferred Compensation Plan, all payable in cash on a one-for-one basis at separation.

How were the 308 CubeSmart phantom shares valued in this Form 4 filing?

The 308 phantom shares were valued at $38.95 per phantom share. This value reflects the price used for reinvestment of dividend equivalents into additional phantom shares under the CubeSmart Trust Executive Deferred Compensation Plan on the reported transaction date.

When will the CubeSmart CFO receive payment for these phantom shares?

Payment for these phantom shares will occur after he ceases employment with CubeSmart. At that time, the phantom shares are payable in cash on a one-for-one basis, according to the terms of the Executive Deferred Compensation Plan described in the footnote.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/16/2026 - 04:41 PM EDT Learn about SEC filing dates

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^*

MARTIN TIMOTHY M

(Last) (First) (Middle)

5 OLD LANCASTER ROAD

(Street)

MALVERN PENNSYLVANIA 19355

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)	04/15/2026		A		308		(1)	(1)	Common	308	$38.95	22,963	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	04/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)