CubeSmart (CUBE) CLO & Secretary reports equity awards and option grant
Rhea-AI Filing Summary
CubeSmart reported insider equity activity for its CLO & Secretary on January 1, 2026. The officer received 8,553 restricted common shares at a reported price of $0.0000, which were granted under the company’s 2007 Equity Incentive Plan and are subject to forfeiture. These restricted shares vest in three equal installments on January 1, 2027, January 1, 2028, and January 1, 2029, contingent on continued employment.
The filing also shows 3,514 common shares delivered upon vesting of performance-based units that were originally granted on January 1, 2023, with a listed price of $36.05. In addition, the officer was granted a stock option for 42,237 shares at an exercise price of $36.05, expiring on December 31, 2035. These options vest in three equal annual installments on the first three anniversaries of the grant date, again dependent on continued employment.
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FAQ
What insider transactions did CubeSmart (CUBE) report for January 1, 2026?
The CLO & Secretary of CubeSmart reported receiving 8,553 restricted common shares, the vesting of 3,514 performance-based shares, and a grant of stock options for 42,237 shares on January 1, 2026.
How do the new CubeSmart (CUBE) restricted shares for the officer vest?
The 8,553 restricted shares 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 officer remains employed.
What are the terms of the CubeSmart (CUBE) stock options granted to the officer?
The officer received a stock option for 42,237 common shares with an exercise price of $36.05, expiring on December 31, 2035. The 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.
What performance-based awards vested for the CubeSmart (CUBE) officer?
The filing notes that 3,514 common shares became vested, representing performance-based units originally granted on January 1, 2023 under CubeSmart’s 2007 Equity Incentive Plan.
Which CubeSmart (CUBE) equity plan governs these insider awards?
Both the restricted shares and the performance-based units reported were issued under CubeSmart’s 2007 Equity Incentive Plan, as stated in the explanations to the transactions.
What role does the reporting person hold at CubeSmart (CUBE)?
The reporting person is identified as an officer of CubeSmart, serving as CLO & Secretary, and the Form 4 is filed as a single reporting person filing.