SmartStop Self Storage REIT (SMA) COO awarded new LTIP units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Robinson Joseph H reported acquisition or exercise transactions in this Form 4 filing.
SmartStop Self Storage REIT, Inc.’s Chief Operations Officer Joseph H. Robinson reported compensation-related equity grants, not open-market trades. He received 7,245 Long-Term Incentive Plan (LTIP) Units tied to Common Stock, issued at $0.00 per unit under the company’s incentive plan.
An additional 11,558 LTIP Units were granted as a performance award, with the actual number vesting ranging from 0% to 100% of this figure based on specified performance measures and vesting no later than January 31, 2029, assuming those measures are met. Following these transactions, he holds LTIP Units representing 29,319 underlying shares of Common Stock and 2,830 shares of Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Robinson Joseph H
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Long-Term Incentive Plan Units | 7,245 | $0.00 | -- |
| Grant/Award | Long-Term Incentive Plan Units | 11,558 | $0.00 | -- |
| holding | Long-Term Incentive Plan Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Long-Term Incentive Plan Units — 31,963.9 shares (Direct);
Common Stock — 2,830 shares (Direct)
Footnotes (1)
- Includes shares of Common Stock previously reported as being owned by the Reporting Person, less .53 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. 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. Represents 7,245 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, which LTIP Units vest ratably over four years commencing on December 31 of the year of grant, subject to the Reporting Person's continued employment or service through each vesting date. Represents 11,558 LTIP Units issued to the Reporting Person pursuant to the Issuer's incentive plan, which number is equal to 200% of the target number of LTIP Units to be issued upon vesting. The actual number of LTIP Units to be issued upon vesting can range from 0% to 100% of the number of LTIP Units reported, based on achievement of specified performance measures. Assuming the achievement of the specified performance measures, the LTIP Units, as adjusted, will vest no later than January 31, 2029. Represents LTIP Units previously reported as being owned by the Reporting Person. The LTIP Units vest ratably over four years commencing on the first anniversary of the issuance thereof, subject to the Reporting Person's continued employment or service through each vesting date.
FAQ
What did SmartStop Self Storage REIT (SMA) disclose about Joseph H. Robinson?
SmartStop Self Storage REIT reported that Chief Operations Officer Joseph H. Robinson received new equity awards. These are Long-Term Incentive Plan (LTIP) Units linked to Common Stock, reflecting compensation rather than open-market buying or selling of shares by the executive.
How many LTIP Units was the SmartStop COO granted in this filing?
Joseph H. Robinson was granted 7,245 LTIP Units that vest over time and 11,558 performance-based LTIP Units. The latter represent up to 100% of that amount actually vesting, depending on achievement of specified performance measures through no later than January 31, 2029.
What are LTIP Units for SmartStop Self Storage REIT (SMA) executives?
The LTIP Units are interests in the operating partnership that can convert into common units, then be redeemed for SmartStop Common Stock on a one-for-one basis or cash. They function as long-term equity incentives aligned with the company’s stock performance and executive retention.
How do the new LTIP grants affect Joseph H. Robinson’s SmartStop holdings?
After the reported transactions, Joseph H. Robinson holds LTIP Units representing 29,319 underlying shares of Common Stock directly. He also directly owns 2,830 shares of Common Stock, giving him a combined exposure through both derivative LTIP awards and regular shares.
Are the SmartStop COO’s LTIP Unit awards open-market stock purchases or sales?
The reported LTIP Unit awards are compensation grants, not open-market purchases or sales. They were issued at a price of $0.00 per unit under the company’s incentive plan and vest over time or based on performance, rather than reflecting discretionary trading activity.
When do the SmartStop performance-based LTIP Units for the COO vest?
The 11,558 performance-based LTIP Units can ultimately vest in a range from 0% to 100% of that amount. Assuming the specified performance measures are achieved, the adjusted LTIP Units will fully vest no later than January 31, 2029, according to the disclosure.
SmartStop Self Storage REIT, Inc.