Strategic Storage Trust VI (SGST) director granted 2,500 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Strategic Storage Trust VI, Inc. reported that director Stephen G. Muzzy acquired 2,500 shares of Class A Common Stock as a restricted stock award granted upon his reelection to the board. These shares vest ratably over four years. After this award, he holds a total of 14,442.20 shares, including 11,250 previously awarded restricted shares and 692.20 shares from a one-time stock dividend to Class A holders that will be issued in four equal installments from June 2024 through June 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Muzzy Stephen G
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 award: 2,500 shares
Total holdings after transaction: 14,442.20 shares
Previously awarded restricted stock: 11,250 shares
+3 more
6 metrics
Restricted stock award
2,500 shares
Grant upon reelection to board of directors
Total holdings after transaction
14,442.20 shares
Class A Common Stock held after award
Previously awarded restricted stock
11,250 shares
Restricted stock reported as already owned
Stock dividend shares
692.20 shares
Class A shares from one-time stock dividend
Stock dividend ratio
0.11075 shares per share
Dividend based on shares outstanding as of November 15, 2023
Vesting period
4 years
Restricted stock vests ratably over four years
Key Terms
restricted stock, stock dividend, Class A Common Stock, board of directors
4 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.
stock dividend financial
"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"
A stock dividend is when a company gives its existing shareholders extra shares instead of cash. It’s like receiving more pieces of the same pie rather than a bigger piece of money, which can increase the number of shares you own but usually doesn’t change the total value of your investment right away. Investors care about it because it can signal the company's growth and affect the stock’s price.
Class A Common Stock financial
"692.20 shares of Class A Common Stock of the Issuer acquired by the Reporting Person pursuant to a one-time stock dividend"
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.
board of directors financial
"The Reporting Person was awarded 2,500 shares of restricted stock upon his reelection to the board of directors"
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.
FAQ
What insider transaction did Strategic Storage Trust VI (SGST) disclose?
Strategic Storage Trust VI disclosed that director Stephen G. Muzzy received 2,500 shares of restricted Class A Common Stock. The award was granted upon his reelection to the board of directors and represents equity-based compensation rather than an open-market purchase or sale.
Who is Stephen G. Muzzy in relation to Strategic Storage Trust VI (SGST)?
Stephen G. Muzzy is a director of Strategic Storage Trust VI, Inc. The Form 4 shows he was reelected to the board and received a grant of 2,500 restricted shares of Class A Common Stock as part of his director compensation package.
What are the vesting terms for the new SGST restricted stock award?
The 2,500 shares of restricted Class A Common Stock granted to Stephen G. Muzzy vest ratably over four years from his reelection date. This means portions of the award become fully owned each year, aligning his compensation with continued board service.
What is the one-time stock dividend mentioned in the SGST Form 4?
The filing notes a one-time stock dividend equal to approximately 0.11075 Class A share per share outstanding as of November 15, 2023. Stephen G. Muzzy is receiving 692.20 shares from this dividend, issued in four equal installments between June 2024 and June 2027.