SmartStop director awarded 3,230 LTIP Units
SmartStop Self Storage REIT, Inc. director David J. Mueller reported an equity compensation award and updated his holdings.
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Form Type
4
Rhea-AI Filing Summary
SmartStop Self Storage REIT, Inc. director David J. Mueller reported an equity compensation award and updated his holdings. He received 3,230 Long-Term Incentive Plan Units ("LTIP Units") upon his reelection to the board, which vest one year from that date. Footnotes state he previously held 5,490 shares of Common Stock and 9,598 LTIP Units. After the award, one transaction entry shows Mueller holding 10,464.25 LTIP Units, all held directly. LTIP Units relate to the company’s operating partnership and can ultimately be converted into common units and then redeemed for either Common Stock on a one-for-one basis or cash.
Insider Trade Summary
Grant/Award: 3,230 shares
Grant/Award
3 txns
Insider
Mueller David J
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 — 20,062.25 contracts for 9,598 underlying shares (Direct);
Common Stock — 5,490 shares (Direct)
Footnotes (4)
- F1. Represents 5,490 shares of Common Stock previously reported as being owned by the Reporting Person.
- 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 previously reported as being owned by the Reporting Person, which 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.
Key Figures
LTIP Units awarded: 3,230 LTIP Units
Common Stock held: 5,490 shares
Previously reported LTIP Units: 9,598 LTIP Units
+1 more
4 metrics
LTIP Units awarded
3,230 LTIP Units
Grant upon reelection to the board
Common Stock held
5,490 shares
Previously reported Common Stock holdings
Previously reported LTIP Units
9,598 LTIP Units
LTIP Units described as previously owned
LTIP Units after award
10,464.25 LTIP Units
Total LTIP Units following the transaction entry
Key Terms
Long-Term Incentive Plan Units, Operating Partnership, Common Units, redeemable, +1 more
5 terms
Long-Term Incentive Plan Units financial
"Represents long-term incentive plan units ("LTIP Units") of SmartStop OP, L.P."
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.
redeemable financial
"Common Units are redeemable by the holder for shares of Common Stock or cash."
vest financial
"which LTIP Units vest one year from such reelection."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SmartStop (SMA) director David J. Mueller report in this Form 4?
David J. Mueller reported an equity compensation update, including an award of 3,230 Long-Term Incentive Plan Units. The filing also restates his previously reported holdings of 5,490 Common Stock shares and earlier LTIP Units, all held directly.
How many LTIP Units did David J. Mueller receive from SmartStop (SMA)?
He received 3,230 Long-Term Incentive Plan Units as an award tied to his reelection to the board. According to the footnotes, these LTIP Units vest one year from the reelection date, subject to continued service.
When do David J. Mueller’s new LTIP Units at SmartStop (SMA) vest?
The 3,230 newly awarded LTIP Units vest one year from David J. Mueller’s reelection to the board. Vesting requires his continued service through that vesting date, as described in the filing footnotes.
What are LTIP Units in SmartStop (SMA)’s operating partnership?
LTIP Units are long-term incentive plan units issued by SmartStop OP, L.P., the operating partnership. Vested LTIP Units can convert into common units, which are redeemable for either SmartStop Common Stock on a one-for-one basis or the cash value of those shares.
Did David J. Mueller buy or sell SmartStop (SMA) stock in the market?
The Form 4 does not show any open-market purchases or sales. Instead, it reports a grant of 3,230 LTIP Units as compensation and confirms previously reported holdings of Common Stock and LTIP Units held directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
