Strategic Storage Trust VI grants director 2,500 shares
Vellandi Alexander S. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Vellandi Alexander S. reported acquisition or exercise transactions in this Form 4 filing.
Strategic Storage Trust VI, Inc. reported that director Alexander S. Vellandi received a grant of 2,500 shares of Class A restricted stock on June 24, 2026 in connection with his reelection to the board of directors. The award vests ratably over four years from the reelection date. Following this grant, Vellandi holds a total of 14,442.20 shares, including previously reported restricted stock and shares tied to a prior one-time stock dividend.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,500 | $0.00 | $0.00 |
Footnotes (2)
- F1. The Reporting Person was awarded 2,500 shares of restricted stock upon his reelection to the board of directors, which shares vest ratably over a period of four years from such reelection.
- F2. Includes (i) 11,250 shares of restricted stock previously reported as being owned by the Reporting Person and (ii) 692.20 shares of Class A Common Stock of the Issuer acquired by the Reporting Person pursuant to a one-time stock dividend paid by the Issuer to the holders of shares of Class A Common Stock, equivalent to approximately 0.11075 shares of Class A Common Stock per share of Class A Common Stock outstanding as of November 15, 2023, which shares will be issued to the Reporting Person in four equal installments beginning in June 2024 and ending in June 2027.
Key Figures
Key Terms
restricted stock financial
vest ratably financial
one-time stock dividend financial
board of directors financial
Class A Common Stock financial
FAQ
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What did Alexander S. Vellandi receive in this Form 4 for SGST?
What is the one-time SGST stock dividend mentioned in the filing?
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