CubeSmart (CUBE) HR chief adds 12.881 phantom shares via dividends

Rhea-AI Filing Summary

CubeSmart Chief Human Resources Officer Jennifer Schulte reported a routine compensation-related transaction involving phantom shares. On 01/16/2026, she acquired 12.881 phantom shares at a reference price of $39.61 per share under the CubeSmart Trust Executive Deferred Compensation Plan, bringing her total phantom share holdings to 975.563, held directly.

The phantom shares were credited through reinvestment of dividend equivalents and are payable in cash on a one-for-one basis after she ceases employment with the company. She may reallocate these phantom shares to other investment alternatives within the plan, with such transfers 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

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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^*

Schulte Jennifer

(Last) (First) (Middle)

5 OLD LANCASTER ROAD

(Street)

MALVERN PA 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Resources Officer

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)
			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)	01/16/2026		A		12.881		(1)	(1)	Common	12.881	$39.61	975.563	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).
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FAQ

What insider transaction did CubeSmart (CUBE) report for Jennifer Schulte?

On 01/16/2026, CubeSmart Chief Human Resources Officer Jennifer Schulte acquired 12.881 phantom shares under an executive deferred compensation plan, bringing her total phantom share balance to 975.563.

What type of security did CubeSmart (CUBE) report in this Form 4?

The filing reports "Phantom Shares" credited to Jennifer Schulte under the CubeSmart Trust Executive Deferred Compensation Plan, rather than regular CubeSmart common shares.

How were the 12.881 phantom shares for CubeSmart (CUBE) acquired?

The 12.881 phantom shares were acquired through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan, as described in the filing’s footnote.

When can the CubeSmart (CUBE) phantom shares be paid out to Jennifer Schulte?

According to the filing, the phantom shares are payable in cash on a one-for-one basis after Jennifer Schulte ceases employment with CubeSmart.

Can the CubeSmart (CUBE) executive reallocate these phantom shares?

Yes. The filing states that the reporting person may transfer the phantom shares at any time by reallocating the deemed investment option to another investment alternative, with the transfer effective on the first business day of the following calendar quarter.

Does this CubeSmart (CUBE) Form 4 indicate direct or indirect ownership?

The Form 4 identifies Jennifer Schulte’s ownership of 975.563 phantom shares as direct, with no separate indirect ownership entity noted.