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