SmartStop Storage REIT Director Morris Now Holds Over 24,000 Shares After Latest Grant
Rhea-AI Filing Summary
Timothy S. Morris, Director at SmartStop Self Storage REIT, reported multiple stock transactions and holdings on June 28, 2025:
- Acquired 2,688 shares of restricted common stock on June 24, 2025, awarded upon reelection to the board of directors, with one-year vesting period
- Currently holds 9,166 shares of restricted Class A Common Stock, vesting ratably over four years from issuance date
- Owns 12,490.9 shares of Class A Common Stock from previous board reelection, subject to one-year vesting
All shares were acquired at $0 cost as compensation for board service. The transactions reflect standard board of director equity compensation practices, with various vesting schedules designed to promote long-term alignment with shareholder interests.
Positive
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Insider Trade Summary
Net Buyer: 2,688 shares
Net Buy
3 txns
Insider
Morris Timothy S.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,688 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,688 shares (Direct);
Class A Common Stock — 21,656.9 shares (Direct)
Footnotes (3)
- F1. The Reporting Person was awarded 2,688 shares of restricted stock upon his reelection to the board of directors, which shares vest one year from such reelection.
- F2. Represents 9,166 shares of restricted Class A Common Stock previously reported as being owned by the Reporting Person, which shares 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.
- F3. Represents 12,490.90 shares of Class A Common Stock previously reported as being owned by the Reporting Person. The shares were issued to the Reporting Person in connection with his reelection to the board of directors and vest one year from each such reelection.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the total amount of SMA Class A Common Stock owned by Timothy Morris?
Timothy Morris owns a total of 21,656.9 shares of Class A Common Stock, consisting of 9,166 shares of restricted stock vesting over four years and 12,490.9 shares from previous board reelections.
What is the vesting schedule for Timothy Morris's SMA restricted stock granted in June 2025?
The 2,688 shares of restricted stock granted to Timothy Morris on June 24, 2025, have a one-year vesting period from the date of his reelection to the board of directors.
What positions does Timothy Morris hold at SmartStop Self Storage REIT (SMA)?
According to the Form 4 filing, Timothy Morris serves as a Director of SmartStop Self Storage REIT (SMA). This is indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.