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CubeSmart (CUBE) CLO & Secretary reports equity awards and option grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
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*
Foster Jeffrey P

(Last) (First) (Middle)
5 OLD LANCASTER ROAD

(Street)
MALVERN PA 19355

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CubeSmart [ CUBE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CLO & Secretary
3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
Common 01/01/2026 A 8,553(1) A $0.0000 201,543 D
Common 01/01/2026 A 3,514(2) A $36.05 205,057 D
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
Stock Option (right to buy) $36.05 01/01/2026 A 42,237 (3) 12/31/2035 Common 42,237 $0.0000 42,237 D
Explanation of Responses:
1. These common shares represent restricted shares issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common shares 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.
2. These common shares represent the vesting of performance-based units granted on January 1, 2023 under the 2007 Equity Incentive Plan of the Company.
3. 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.
Douglas J. Tyrell, Attorney-in-Fact 01/02/2026
** 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.

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.

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