CubeSmart (NYSE: CUBE) CFO gains 299 phantom shares in plan
Rhea-AI Filing Summary
CubeSmart CFO Timothy M. Martin reported an automatic increase in his deferred compensation holdings through the company’s executive plan. On January 16, 2026, he acquired 299 phantom shares at $39.61 each, credited under the CubeSmart Trust Executive Deferred Compensation Plan via reinvestment of dividend equivalents. Following this transaction, he holds 22,655 phantom shares in this plan. These phantom shares are described as being payable in cash on a one-for-one basis after he ceases employment, and he may reallocate them among investment alternatives under the plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Shares | 299 | $39.61 | $12K |
Footnotes (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.
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FAQ
What insider transaction did CubeSmart (CUBE) report in this Form 4?
The filing shows that CubeSmart CFO Timothy M. Martin acquired 299 phantom shares on January 16, 2026 through the company’s executive deferred compensation plan.
What are the terms of the CubeSmart Trust Executive Deferred Compensation Plan mentioned in the Form 4?
The phantom shares were acquired via reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan, and are payable in cash on a one-for-one basis after the reporting person ceases employment with the company.
Is this CubeSmart (CUBE) Form 4 transaction a direct or indirect holding?
The Form 4 classifies the 22,655 phantom shares as held with direct ownership form.