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CubeSmart (CUBE) HR chief reports new stock awards and option grant

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

CubeSmart's Chief Human Resources Officer reported several equity transactions and awards as of January 1, 2026. The reporting person acquired 4,392 restricted common units at $0.0000 per unit under the company’s 2007 Equity Incentive Plan. These units vest in three equal parts on January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued employment.

The filing also shows the vesting of 1,839 performance-based common shares granted on January 1, 2023, at a transaction price of $36.05 per share, and a disposition of 1,852 shares at $36.05. After these transactions, the officer directly owns 18,732 common shares.

In addition, the officer received a grant of 21,689 stock options with an exercise price of $36.05 per share, expiring on December 31, 2035. These options vest in three equal annual installments on the first three anniversaries of the grant date, conditioned on continued employment.

Positive

  • None.

Negative

  • None.
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*
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)
01/01/2026
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
Common 01/01/2026 A 4,392(1) A $0.0000 18,745 D
Common 01/01/2026 A 1,839(2) A $36.05 20,584 D
Common 01/01/2026 F 1,852 D $36.05 18,732 D
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
Stock Option (right to buy) $36.05 01/01/2026 A 21,689 (3) 12/31/2035 Common 21,689 $0.0000 21,689 D
Explanation of Responses:
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 three-year period, one-third per year on January 1, 2027, January 1, 2028, and January 1, 2029, provided the reporting person remains employed by the Company.
2. These common shares represent the vesting of performance-based shares granted on January 1, 2023 under the 2007 Equity Incentive Plan of the Company.
3. 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.
Douglas J. Tyrell, Attorney-in-Fact 01/02/2026
** 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.

FAQ

What insider transactions did CubeSmart (CUBE) report for January 1, 2026?

The Chief Human Resources Officer reported acquiring 4,392 restricted common units at $0.0000, the vesting of 1,839 performance-based shares at $36.05, and a disposition of 1,852 common shares at $36.05.

How many CubeSmart (CUBE) common shares does the officer own after these transactions?

Following the reported transactions, the officer directly owns 18,732 CubeSmart common shares.

What are the terms of the restricted units granted to the CubeSmart (CUBE) officer?

The 4,392 restricted common units were issued under the 2007 Equity Incentive Plan and vest ratably over three years, one-third on January 1, 2027, one-third on January 1, 2028, and one-third on January 1, 2029, provided the officer remains employed by the company.

What performance-based shares vested for the CubeSmart (CUBE) officer?

The officer had 1,839 performance-based common shares vest on January 1, 2026. These shares were originally granted on January 1, 2023 under the company’s 2007 Equity Incentive Plan.

What stock options were granted to the CubeSmart (CUBE) officer and when do they expire?

The officer received 21,689 stock options with an exercise price of $36.05 per share. These options expire on December 31, 2035 and vest in three equal annual installments on each of the first three anniversaries of the grant date, subject to continued employment.

What is the reporting person’s role at CubeSmart (CUBE)?

The reporting person is an officer of CubeSmart, serving as the company’s Chief Human Resources Officer.

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