Director Vellandi awarded 2,500 shares at Strategic Storage (SGST)
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vellandi Alexander S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,500 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 14,442.2 shares (Direct, null)
Footnotes (1)
- 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. 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
Restricted stock grant: 2,500 shares
Total holdings after transaction: 14,442.20 shares
Previously reported restricted stock: 11,250 shares
+3 more
6 metrics
Restricted stock grant
2,500 shares
Award to Alexander S. Vellandi on June 24, 2026
Total holdings after transaction
14,442.20 shares
Class A Common Stock held following the grant
Previously reported restricted stock
11,250 shares
Restricted stock already owned before the new award
Dividend-related shares
692.20 shares
From one-time stock dividend to be issued in four installments
Stock dividend ratio
0.11075 shares per share
One-time stock dividend per share outstanding as of November 15, 2023
Vesting period
4 years
New 2,500-share restricted stock grant vests ratably over four years
Key Terms
restricted stock, vest ratably, one-time stock dividend, board of directors, +1 more
5 terms
restricted stock financial
"The Reporting Person was awarded 2,500 shares of restricted stock upon his reelection to the board of directors"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vest ratably financial
"which shares vest ratably over a period of four years from such reelection"
one-time stock dividend financial
"acquired by the Reporting Person pursuant to a one-time stock dividend paid by the Issuer"
board of directors financial
"upon his reelection to the board of directors, which shares vest ratably"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
Class A Common Stock financial
"692.20 shares of Class A Common Stock of the Issuer acquired by the Reporting Person"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Alexander S. Vellandi receive in this Form 4 for SGST?
Alexander S. Vellandi received a grant of 2,500 shares of Class A restricted stock. The award was made in connection with his reelection to the board and represents stock-based compensation rather than an open-market purchase or sale.
What is the one-time SGST stock dividend mentioned in the filing?
The filing notes a one-time stock dividend equivalent to approximately 0.11075 shares of Class A Common Stock per share outstanding as of November 15, 2023. Vellandi is scheduled to receive 692.20 shares from this dividend in four equal installments from June 2024 through June 2027.