Form 4: SmartStop CFO James R. Barry Reports Changes in Beneficial Ownership

CFO James R. Barry reports transactions involving SmartStop Self Storage REIT's Class A Common Stock and Long-Term Incentive Plan Units.

Summary

• On March 17, 2025, James R. Barry, CFO and Treasurer of SmartStop Self Storage REIT, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report includes transactions related to Class A Common Stock and Long-Term Incentive Plan Units (LTIP Units) of SmartStop OP, L.P., the Issuer's operating partnership.
• 3,793.63 LTIP Units vested on March 13, 2025, after the Compensation Committee determined that a performance measure had been achieved.
• Barry was also issued 22,625 LTIP Units that vest ratably over four years starting December 31, 2025, and 22,288 LTIP Units that will vest based on the achievement of specified performance measures, potentially by March 31, 2028.
• Barry directly owns 11,103.31 shares of Class A Common Stock, 55,125.13 LTIP Units, 98,276.48 LTIP Units and 77,413.13 LTIP Units.
• He also indirectly owns 123,766 Class A-1 Units through SOH.

Sentiment

Score: 6

Explanation: The document is a neutral report of transactions. The vesting of LTIP units based on performance could be seen as slightly positive, but overall it's a standard regulatory filing.

Positives

• The vesting of LTIP Units indicates the achievement of certain performance measures, which could be seen as a positive sign for the company's performance.

Future Outlook

The vesting schedules of the LTIP Units suggest continued employment or service is required for vesting, incentivizing the CFO's continued contribution to the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the holdings and transactions of company insiders. This filing indicates the CFO's ongoing stake in the company's performance through equity-based compensation.

Stakeholder Impact

• The vesting of LTIP Units aligns management's interests with those of shareholders, potentially driving long-term value creation.

Key Dates