Strategic Storage Trust VI director gets 2,500-share award
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.
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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.
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
stock dividend financial
Class A Common Stock financial
board of directors financial
FAQ
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What insider transaction did Strategic Storage Trust VI (SGST) disclose?
Who is Stephen G. Muzzy in relation to Strategic Storage Trust VI (SGST)?
What are the vesting terms for the new SGST restricted stock award?
What is the one-time stock dividend mentioned in the SGST Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.