CubeSmart (CUBE) CFO discloses RSU grants, PSU vesting and 87,900 options
Rhea-AI Filing Summary
CubeSmart's CFO reported several equity transactions dated January 1, 2026. The filing shows a grant of 17,799 restricted common units under the 2007 Equity Incentive Plan, which will vest in three equal parts on January 1, 2027, 2028, and 2029, as long as the executive remains employed by the company.
The CFO also reported 8,381 common shares from the vesting of performance-based units that were originally granted on January 1, 2023. In addition, the executive received stock options for 87,900 shares at an exercise price of $36.05 per share, expiring December 31, 2035, vesting in three equal annual installments on the first three anniversaries of the grant date.
After these transactions, the CFO beneficially owns 384,975 common shares directly and 5,469 shares indirectly through a 401(k) plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 87,900 | $0.00 | -- |
| Grant/Award | Common | 17,799 | $0.00 | -- |
| Grant/Award | Common | 8,381 | $36.05 | $302K |
| holding | Common | -- | -- | -- |
Footnotes (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. These common shares represent the vesting of performance-based units granted on January 1, 2023 under the 2007 Equity Incentive Plan of the Company. 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.
FAQ
What insider transaction did CubeSmart (CUBE) disclose for its CFO?
The CFO of CubeSmart (CUBE) disclosed equity awards dated January 1, 2026, including grants of restricted units, vesting of performance-based units, and a new stock option award under the company’s 2007 Equity Incentive Plan.
How many restricted units did CubeSmart (CUBE) grant to its CFO on January 1, 2026?
The CFO received 17,799 restricted common units on January 1, 2026. These units were issued under CubeSmart’s 2007 Equity Incentive Plan and are subject to forfeiture until they vest.
What is the vesting schedule for the new restricted units reported by CubeSmart (CUBE)?
The 17,799 restricted units vest ratably over three years, with one-third vesting on January 1, 2027, one-third on January 1, 2028, and the final third on January 1, 2029, if the CFO remains employed by CubeSmart.
What stock options were granted to the CubeSmart (CUBE) CFO?
The CFO received 87,900 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 each of the first three anniversaries of the January 1, 2026 grant date, subject to continued employment.