Robinson Joseph H 4
4 · SmartStop Self Storage REIT, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
SmartStop (SMA) COO Joseph Robinson Receives LTIP Awards
What Happened
Joseph H. Robinson, Chief Operations Officer of SmartStop Self Storage REIT, Inc. (SMA), was granted two long-term incentive plan (LTIP) awards on March 25, 2026: 7,245 LTIP units and 11,558 LTIP units (total 18,803). Both grants were reported as awards (transaction code A) at $0.00 per unit (derivative awards rather than open-market purchases). LTIP units are not immediate common shares; they convert into common units of the operating partnership and those common units are redeemable for SmartStop common stock on a one-for-one basis or for cash.
Key Details
- Transaction date: 2026-03-25 (Form 4 filed 2026-03-27 — timely within the typical two-business-day window).
- Grants: 7,245 LTIP units (vest ratably over 4 years beginning Dec 31 of the grant year) and 11,558 LTIP units (performance-based, reported as 200% of target; actual payout 0–100% depending on performance; if earned, will vest no later than Jan 31, 2029).
- Price reported: $0.00 per unit (derivative award, not a cash purchase).
- Shares owned after transaction: not specified in the excerpt provided.
- Notable footnotes: fractional-share redemption reduced previously reported common stock ownership by 0.53 shares (F1); the 11,558 units are contingent on performance and represent an above-target payout level (F4); vested LTIP units convert into common units which are redeemable for stock or cash (F2).
- Transaction type code: A = Award/Grant.
Context
These are award grants (compensation), common for executives and not the same as open-market buys/sells. Because the larger 11,558-unit award is performance-based, the final number of units that vest will depend on meeting specified goals through the applicable performance period (vesting no later than Jan 31, 2029). For retail investors, awards signal company compensation decisions but do not necessarily indicate immediate insider buying or selling intent.
Insider Transaction Report
- Award
Long-Term Incentive Plan Units
[F2][F3]2026-03-25+7,245→ 31,963.9 totalExercise: $0.00→ Common Stock (7,245 underlying) - Award
Long-Term Incentive Plan Units
[F2][F4]2026-03-25+11,558→ 30,487.21 totalExercise: $0.00→ Common Stock (11,558 underlying)
- 2,830
Common Stock
[F1] - 29,319
Long-Term Incentive Plan Units
[F2][F5]Exercise: $0.00→ Common Stock (29,319 underlying)
Footnotes (5)
- [F1]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.
- [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 7,245 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.
- [F4]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.
- [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.