Form 4: CubeSmart CEO Christopher Marr Reports Acquisition of Phantom Shares
SEC Form 4 Filing
CubeSmart CEO Christopher P. Marr reports the acquisition of 64 phantom shares through dividend reinvestment in the company's Executive Deferred Compensation Plan.
Summary
- Christopher P. Marr, CEO of CubeSmart, filed a Form 4 to report changes in beneficial ownership.
- On April 15, 2024, Marr acquired 64 phantom shares through reinvestment of dividend equivalents under the CubeSmart Trust Executive Deferred Compensation Plan.
- The price per phantom share was $42.64.
- Following the transaction, Marr directly owns 5,400 phantom shares.
- These phantom shares are payable in cash on a one-for-one basis after Marr ceases employment with the company.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 01/01/2007 | Date of amendment and restatement of the CubeSmart Trust Executive Deferred Compensation Plan. |
| 04/15/2024 | Date of the transaction: acquisition of phantom shares. |
| 04/15/2024 | Date of Form 4 filing. |
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