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SmartStop Self Storage REIT, Inc.·4

Mar 27, 5:53 PM ET

Barry James R. 4

4 · SmartStop Self Storage REIT, Inc. · Filed Mar 27, 2026

Research Summary

AI-generated summary of this filing

Updated

SmartStop (SMA) CFO Barry James Receives LTIP Awards

What Happened

  • Barry James, SmartStop Self Storage REIT (SMA) Chief Financial Officer and Treasurer, received two LTIP unit awards on March 25, 2026: 7,501 LTIP Units (time‑based) and 11,967 LTIP Units (performance‑based). The Form 4 reports these as derivative awards with $0 immediate cash value (transaction code A).
  • Total reported units granted = 19,468 LTIP Units. These LTIP Units are interests in the company’s operating partnership that can convert into common units and then be redeemed for SmartStop common stock (or cash) on a one‑for‑one basis.

Key Details

  • Transaction date: 2026-03-25; filing date: 2026-03-27 (timely Form 4 filing).
  • Reported price/value: $0.00 (derivative award; no cash purchase or sale).
  • Vesting: 7,501 LTIP Units vest ratably over four years beginning December 31 of the grant year (subject to continued service). The 11,967 LTIP Units are performance‑based (noted as 200% of target); actual payout can range from 0% to the reported amount based on achievement of performance metrics and, if achieved, will vest no later than January 31, 2029.
  • Holdings after transaction: filing references previously reported LTIP and Class A‑1 units (footnotes indicate prior holdings), but the Form 4 lists these grants as derivative awards rather than immediately issued common shares.
  • Footnotes of note: F2 explains LTIP Units convert to common units redeemable for shares or cash; F3–F5 describe vesting schedules and previously reported units; F6–F7 relate to Class A‑1 units and prior holdings.

Context

  • These are compensation awards (LTIP units), not open‑market purchases or sales. Time‑based units are retention‑oriented; the larger, performance‑based award may pay out only if specified goals are met, so it does not necessarily indicate immediate insider confidence in stock price.
  • Because the awards are derivative LTIP units subject to vesting and performance, they do not increase immediate free‑float or reflect an immediate cash investment by the insider.

Insider Transaction Report

Form 4
Period: 2026-03-25
SmartStop Self Storage REIT, Inc.SMA
Barry James R.
CFO and Treasurer
Transactions
  • Award

    Long-Term Incentive Plan Units

    [F2][F3]
    2026-03-25+7,501→ 32,070.12 total
    Exercise: $0.00→ Common Stock (7,501 underlying)
  • Award

    Long-Term Incentive Plan Units

    [F2][F4]
    2026-03-25+11,967→ 31,320.28 total
    Exercise: $0.00→ Common Stock (11,967 underlying)
Holdings

  • Common Stock

    [F1]
    3,375

  • Long-Term Incentive Plan Units

    [F2][F5]
    Exercise: $0.00→ Common Stock (29,319 underlying)
    29,319

  • Class A-1 Units

    [F6][F7]
    Exercise: $0.00→ Common Stock (30,941.5 underlying)
    30,941.5
Footnotes (7)
  • [F1]Includes 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]Represents 7,501 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.
  • [F4]Represents 11,967 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.
  • [F5]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.
  • [F6]Represents Class A-1 limited partnership units ("Class A-1 Units") of the Operating Partnership. Class A-1 Units are redeemable by the holder for, at the election of the Issuer, shares of Common Stock of the Issuer on a one-for-one basis or the cash value of such shares.
  • [F7]Represents 30,941.50 Class A-1 Units previously reported as being owned by the Reporting Person.
Signature
/s/ James R. Barry|2026-03-27

Documents

1 file
  • 4
    primary_doc.xmlPrimary

    PRIMARY DOCUMENT