SmartStop director granted 3,230 LTIP units
SmartStop Self Storage REIT, Inc. director Harold Perry reported an equity compensation grant rather than an open-market trade.
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Form Type
4
Rhea-AI Filing Summary
SmartStop Self Storage REIT, Inc. director Harold Perry reported an equity compensation grant rather than an open-market trade. He was awarded 3,230 Long-Term Incentive Plan (LTIP) Units upon his reelection to the board, which vest one year after that reelection. After recent adjustments, he now directly holds 12,657 shares of Common Stock, reflecting a small 0.19-share reduction from a company fractional share redemption. The LTIP Units are issued through the operating partnership and, once vested and converted into common units, can be redeemed on a one-for-one basis for SmartStop common stock or its cash value.
Insider Trade Summary
Grant/Award: 3,230 shares
Grant/Award
3 txns
Insider
Perry Harold
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Long-Term Incentive Plan Units | 3,230 | $0.00 | $0.00 |
| holding | Long-Term Incentive Plan Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Long-Term Incentive Plan Units — 18,622.25 contracts for 9,598 underlying shares (Direct);
Common Stock — 12,657 shares (Direct)
Footnotes (4)
- F1. Represents 12,657 shares of Common Stock previously reported as being owned by the Reporting Person, less 0.19 shares of Common Stock that were redeemed by the Issuer in connection with a fractional share redemption conducted by the Issuer with respect to its outstanding Common Stock as of July 30, 2025.
- F2. Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P., the Issuer's operating partnership (the "Operating Partnership"). Vested LTIP Units are convertible into common units of the Operating Partnership ("Common Units"). Common Units are redeemable by the holder for, at the election of the Issuer, shares of the Issuer's Common Stock on a one-for-one basis or the cash value of such shares.
- F3. The Reporting Person was awarded 3,230 LTIP Units upon his reelection to the board of directors, which LTIP Units vest one year from such reelection.
- F4. Represents 9,598 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, which LTIP Units vest ratably over four years commencing on the first anniversary of the issuance thereof, subject to the Reporting Person's continued service through each vesting date.
Key Figures
LTIP Units granted: 3,230 units
Common stock held: 12,657 shares
Fractional share redeemed: 0.19 share
+2 more
5 metrics
LTIP Units granted
3,230 units
Award upon reelection to the board
Common stock held
12,657 shares
Direct ownership after fractional redemption
Fractional share redeemed
0.19 share
Redeemed by issuer in fractional share redemption
LTIP Units outstanding
9,598 units
Issued under incentive plan, vesting over four years
Exercise price of LTIP Units
$0.0000 per unit
Long-Term Incentive Plan Units convertible into common units
Key Terms
Long-Term Incentive Plan Units, LTIP Units, Operating Partnership, Common Units, +1 more
5 terms
Long-Term Incentive Plan Units financial
"Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P."
LTIP Units financial
"The Reporting Person was awarded 3,230 LTIP Units upon his reelection"
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
Operating Partnership financial
"the Issuer's operating partnership (the "Operating Partnership")"
An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.
Common Units financial
"Vested LTIP Units are convertible into common units of the Operating Partnership ("Common Units")"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SmartStop (SMA) disclose for director Harold Perry?
SmartStop reported an equity award to director Harold Perry, not a market trade. He received 3,230 Long-Term Incentive Plan (LTIP) Units as board compensation, while his common stock position was slightly adjusted by a small fractional share redemption conducted by the company.
How many SmartStop (SMA) LTIP Units were granted to Harold Perry?
Harold Perry was granted 3,230 Long-Term Incentive Plan (LTIP) Units as part of his board compensation. According to the disclosure, these LTIP Units were awarded upon his reelection to the board and carry specific vesting terms tied to one year of continued board service.
What are LTIP Units in SmartStop (SMA) and how can they convert to stock?
SmartStop’s LTIP Units are long-term incentive plan units in its operating partnership. Once vested, they convert into common partnership units, which the holder can redeem for either SmartStop common stock on a one-for-one basis or the cash value of those shares, at the issuer’s election.
When do Harold Perry’s new SmartStop (SMA) LTIP Units vest?
The 3,230 LTIP Units awarded to Harold Perry vest one year after his reelection to SmartStop’s board. Vesting requires that he continue serving through the vesting date, aligning this equity compensation with ongoing board service and longer-term company performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
