Valle Gerald 4
4 · SmartStop Self Storage REIT, Inc. · Filed Feb 23, 2023
Insider Transaction Report
Form 4
Valle Gerald
SVP, Self-Storage Operations
Transactions
- Award
Long-Term Incentive Plan Units
2023-02-21+5,794→ 26,590.61 totalExercise: $0.00→ Class A Common Stock (5,794 underlying) - Award
Long-Term Incentive Plan Units
2023-02-21+5,707→ 19,571.37 totalExercise: $0.00→ Class A Common Stock (5,707 underlying)
Holdings
- 7,035.65
Class A Common Stock
Footnotes (4)
- [F1]Represents 7,035.65 shares of restricted 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 Class A common units of the Operating Partnership ("Class A Common Units"). Class A Common Units are redeemable by the holder for, at the election of the Issuer, shares of Class A Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
- [F3]Represents 5,794 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, 2023, subject to the Reporting Person's continued employment or service through each vesting date.
- [F4]Represents 5,707 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 March 31,2026.