CubeSmart (CUBE) CEO adds 78 phantom shares via dividend reinvestment

Rhea-AI Filing Summary

CubeSmart CEO Christopher P. Marr acquired 78 phantom shares tied to common stock on July 15, 2026 through reinvested dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan. This award increases his phantom share balance to 6,038 units, which are payable in cash on a one-for-one basis after his employment ends, with flexibility to reallocate among investment options.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider MARR CHRISTOPHER P

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares F1	78	$40.46	$3K

Holdings After Transaction: Phantom Shares — 6,038 shares (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 acquired: 78.0000 shares Reference price per phantom share: $40.4600 Total phantom shares after transaction: 6038.0000 shares

3 metrics

Phantom shares acquired 78.0000 shares Grant/award acquisition of phantom shares on July 15, 2026

Reference price per phantom share $40.4600 Reported transaction price per phantom share unit

Total phantom shares after transaction 6038.0000 shares CEO’s phantom share balance following the July 15, 2026 award

Key Terms

Phantom Shares, dividend equivalents, Executive Deferred Compensation Plan, deemed investment option

4 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"

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"

deemed investment option financial

"by reallocating his or her deemed investment option to another investment alternative"

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

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Available on EDGAR 07/16/2026 - 04:31 PM Accepted by SEC EDGAR 07/16/2026 - 04:30 PM Learn about SEC filing dates

FAQ

What insider transaction did CubeSmart (CUBE) report for CEO Christopher P. Marr?

CubeSmart reported that CEO Christopher P. Marr acquired 78 phantom shares on July 15, 2026. The units were credited through reinvested dividend equivalents under the company’s executive deferred compensation plan and increase his total phantom share balance to 6,038.

How many phantom shares did the CubeSmart (CUBE) CEO acquire and at what reference price?

The CEO acquired 78 phantom shares with a reported reference value of $40.4600 per unit. These phantom shares mirror CubeSmart common stock value but are payable in cash rather than stock under the terms of the deferred compensation plan.

What is the CubeSmart (CUBE) Trust Executive Deferred Compensation Plan?

The CubeSmart Trust Executive Deferred Compensation Plan is an executive deferred compensation program. Under it, phantom shares can be credited via dividend equivalents and are payable in cash on a one-for-one basis after the executive ceases employment with CubeSmart.

When will the CubeSmart (CUBE) CEO receive payment for these phantom shares?

The phantom shares are payable in cash on a one-for-one basis after the CEO ceases employment with CubeSmart. Until then, they function as bookkeeping units linked to the value of CubeSmart common stock within the deferred compensation plan.

Can the CubeSmart (CUBE) CEO change how his phantom shares are invested?

Yes. The filing states the CEO may elect to transfer these phantom shares by reallocating his deemed investment option to another investment alternative. Any such transfer is effected on the first business day of the following calendar quarter.

Do CubeSmart (CUBE) phantom shares represent actual company stock?

No. The phantom shares are payable in cash and do not represent actual issued shares. They track the value of CubeSmart common stock on a one-for-one basis as part of the executive deferred compensation arrangement described in the filing.

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^*

MARR CHRISTOPHER P

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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)	07/15/2026		A		78		(1)	(1)	Common	78	$40.46	6,038	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	07/15/2026
	** 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)