Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-17

SmartStop Self Storage REIT, Inc. (SMA)

CEO Herbert Schwartz was paid $4,846,581 in fiscal year 2025, ↓ down 5.2% from fiscal year 2024, the 25th percentile of its disclosed peer group (SEC filing 0001193125-26-170634 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,846,581 ↓
Herbert Schwartz total, FY2025
25th
CEO pay percentile vs peers
114:1
CEO-to-median pay ratio
96.26%
Say-on-pay support, latest vote

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SMA's next annual pay disclosure, estimated April 5, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Herbert Schwartz$625,000$0$3,800,000$0$406,456$0$15,125$4,846,581
Chief Executive Officer and President
Joe Robinson375,00001,289,7390119,081039,3111,823,131
Chief Operations Officer
James Barry350,00001,304,7390125,748031,4741,811,961
Chief Financial Officer
Wayne Johnson362,50001,214,7390119,760033,1181,730,117
Chief Investment Officer
Michael Terjung305,00001,079,739089,820039,2861,513,845
Chief Accounting Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Herbert Schwartz$4,846,581$5,109,915$4,742,747↓ −263,334
Joe Robinson1,823,1311,030,003941,482↑ +793,128
James Barry1,811,9611,027,837931,510↑ +784,124
Wayne Johnson1,730,117921,711757,419↑ +808,406
Michael Terjung1,513,845707,932609,167↑ +805,913

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$4,846,581 Herbert Schwartz total, FY2025

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Data as of September 17, 2026 · Source: 0001193125-26-170634 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Herbert SchwartzCEO$4,846,581
James BarryCFO$1,811,961
Joe RobinsonCOO$1,823,131
Michael TerjungChief Accounting Officer$1,513,845
Wayne JohnsonChief Investment Officer$1,730,117
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
David J. MuellerIndependent Director$477,576
Harold "Skip" PerryIndependent Director$492,416
Lora GotchevaIndependent Director$142,256
Paula MathewsFormer director (through FY2025)$412,319
Timothy S. MorrisIndependent Director$474,093
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
David J. MuellerDirector2026-05-18D425$30$12,610CommonForm 4 ↗
David J. MuellerDirector2026-06-16D4253213,787CommonForm 4 ↗
Lora GotchevaDirector2026-06-23A3,07500Derivative, Class A CommonForm 4 ↗
Timothy S. MorrisDirector2026-06-23A3,07500CommonForm 4 ↗
David J. MuellerDirector2026-06-23A3,23000Derivative, Class A CommonForm 4 ↗
Harold "Skip" PerryDirector2026-06-23A3,23000Derivative, Class A CommonForm 4 ↗
David J. MuellerDirector2026-07-16D4253314,187CommonForm 4 ↗
Nicholas LookGeneral Counsel and Secretary2026-08-14D1,0253435,219CommonForm 4 ↗
David J. MuellerDirector2026-08-17D4253414,323CommonForm 4 ↗
David J. MuellerDirector2026-09-16D4253213,621CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Wayne JohnsonRSU2025-04-01——19,895—$569,992
Michael TerjungPSU2025-03-176811,362—2,72470,950
Joe RobinsonRSU2025-04-02——9,424—294,747
Herbert SchwartzPSU2025-03-1712,03024,060—48,1201,254,000
Michael TerjungRSU2025-04-02——9,424—294,747
Wayne JohnsonRSU2025-04-02——9,424—294,747
Michael TerjungRSU2025-04-01——19,895—569,992
Wayne JohnsonPSU2025-03-171,1082,216—4,432115,500
Joe RobinsonRSU2025-04-01——19,895—569,992
James BarryPSU2025-03-171,3932,786—5,572145,200
Herbert SchwartzRSU2025-03-17——48,848—2,546,000
Joe RobinsonPSU2025-03-171,3462,691—5,382140,250
James BarryRSU2025-04-01——19,895—569,992
James BarryRSU2025-04-02——9,424—294,747
James BarryRSU2025-03-17——5,657—294,800
Wayne JohnsonRSU2025-03-17——4,500—234,500
Michael TerjungRSU2025-03-17——2,764—144,050
Joe RobinsonRSU2025-03-17——5,464—284,750
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Wayne Johnson$1,099,239$115,500$09.5%
Michael Terjung1,008,78970,95006.6%
Joe Robinson1,149,489140,250010.9%
Herbert Schwartz2,546,0001,254,000033.0%
James Barry1,159,539145,200011.1%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
James BarryPSU5,459—$168,901
Joe RobinsonPSU2,588—80,073
Michael TerjungRSU630—19,484
James BarryRSU2,720—84,157
Joe RobinsonRSU19,895—615,551
Michael TerjungPSU1,310—40,531
Joe RobinsonRSU9,424—291,579
Michael TerjungPSU1,362—42,140
Wayne JohnsonRSU9,424—291,579
Joe RobinsonRSU2,627—81,279
Wayne JohnsonPSU2,131—65,933
Joe RobinsonPSU5,273—163,147
Joe RobinsonRSU4,098—126,792
James BarryRSU9,424—291,579
Joe RobinsonRSU1,338—41,405
Michael TerjungPSU2,482—76,793
Wayne JohnsonRSU976—30,205
James BarryRSU4,243—131,271
Michael TerjungRSU9,424—291,579
Wayne JohnsonRSU19,895—615,551
SchwartzPSU23,138—715,874
Wayne JohnsonRSU3,375—104,423
Michael TerjungRSU19,895—615,551
SchwartzPSU47,143—1,458,604
SchwartzRSU23,488—726,703
SchwartzRSU36,636—1,133,518
James BarryRSU19,895—615,551
SchwartzPSU24,060—744,416
SchwartzRSU11,965—370,182
Wayne JohnsonPSU3,846—118,995
James BarryPSU2,679—82,888
James BarryPSU2,786—86,199
Wayne JohnsonPSU2,216—68,563
Joe RobinsonPSU2,691—83,260
Wayne JohnsonRSU2,164—66,939
Michael TerjungRSU2,073—64,139
James BarryRSU1,386—42,867
Michael TerjungRSU1,329—41,119
05

Incentive-plan design — the Compensation Discussion & Analysis

The philosophy underlying our executive compensation program is to provide an attractive, flexible and market-based total compensation program tied to performance and aligned with the interests of our stockholders. Our objective is to recruit and retain the caliber of executive officers and other key employees necessary to deliver sustained high performance for our stockholders.

CEO STI target (% of salary)108%
CEO LTI target (% of salary)—
Independent consultantFerguson Partners Consulting (FPC)
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-2335,947,3531,397,075271,97296.26%Passed
20242024-06-2541,788,6922,756,5944,418,70293.81%Passed
20222022-06-1536,226,7342,486,4534,270,22393.58%Passed
20202020-06-2624,851,8331,891,3503,115,58192.93%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-2396.26%a
20242024-06-2593.81%b
20222022-06-1593.58%c

a. Approved under the standard stated in the filing — “Any shares present but not voted (whether by abstention, broker non-vote, or otherwise) will not count as votes cast on this proposal, and thus will have no effect on the result of and the Compensation Committee value the opinions expressed by stockholders in their advisory votes on this proposal and will consider the outcome of the vote when making future compensation decisions regarding our named executive officers.”.

b. Approved under the standard stated in the filing — “Any shares present but not voted (whether by abstention, broker non-vote, or otherwise) will not count as votes cast on this proposal, and thus will have no effect on the result of and the Compensation Committee value the opinions expressed by stockholders in their advisory votes on this proposal and will consider the outcome of the vote when making future compensation decisions regarding our named executive officers.”.

c. Approved under the standard stated in the filing — “Any shares present but not voted (whether by abstention, broker non-vote, or otherwise) will not count as votes cast on this proposal, and thus will have no effect on the result of and the Compensation Committee value the opinions expressed by stockholders in their advisory votes on this proposal and will consider the outcome of the vote when making future compensation decisions regarding our named executive officers.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)114 : 1
CEO total compensation$4,846,581
Median employee compensation$42,513
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Harold "Skip" PerryIndependent · Audit · Compensation · Nominating/Governance (Chair)$112,125$380,025$0$0$266$492,416
David J. MuellerIndependent · Audit (Chair) · Nominating/Governance97,125380,02500426477,576
Timothy S. MorrisIndependent · Audit · Compensation (Chair) · Nominating/Governance93,375380,02500693474,093
Paula MathewsIndependent · Audit · Nominating/Governance · Departed during FY31,875380,02500419412,319
Lora GotchevaIndependent · Compensation · Nominating/Governance · Partial-year service · Newly elected41,250100,000001,006142,256
H. Michael SchwartzEmployee director · Board Chair000—266266
09

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer$100,000
Per board meeting fee$1,500
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline$325,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$375,750
Equity awards (grant-date value)$1,620,100
All other compensation$3,076
Total cost of the board$1,998,926

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies SmartStop Self Storage REIT, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including SmartStop Self Storage REIT, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Extra Space Storage Inc.2025Joseph Margolis$940,000$11,138,715$0$1,616,213$14,186,887
2Easterly Government Properties, Inc.2025Darrell Crate825,0008,508,5190930,00010,277,519
3Public Storage2025Joseph Russell1,000,0003,982,3712,907,5832,005,8239,909,777
4Essential Properties Realty Trust, Inc.2025Peter Mavoides800,0006,853,00001,950,0009,634,000
5CubeSmart2025Christopher Marr920,0003,679,9651,839,9972,523,6579,177,452
6InvenTrust Properties Corp.2025Daniel Busch950,0004,627,08402,012,8137,597,244
7Acadia Realty Trust2025Kenneth Bernstein850,0003,574,54402,486,8986,922,230
8American Healthcare REIT, Inc.2025Danny Prosky800,0004,355,8290840,0006,685,948
9AH Realty Trust, Inc.2025Shawn Tibbetts672,3854,411,4280953,2506,091,906
10Brandywine Realty Trust2025Gerard Sweeney800,0003,472,94001,520,0005,812,631
11Sila Realty Trust, Inc.2024Michael Seton825,0002,275,00001,949,0635,510,455
12Independence Realty Trust, Inc.2025Scott Schaeffer800,0002,825,67501,127,2625,266,937
13SmartStop Self Storage REIT, Inc.2025Herbert Schwartz625,0003,800,0000406,4564,846,581
14National Storage Affiliates Trust2024David Cramer675,0003,620,0060491,1504,799,956
15LTC Properties, Inc.2025Pamela Shelley-Kessler650,0002,250,00001,117,1884,027,538
16Centerspace2025Anne Olson600,0001,391,37801,096,3193,105,197
17UMH Properties, Inc.2025Samuel Landy842,6001,599,9980315,7502,909,784

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
SmartStop Self Storage REIT, Inc.60%LTIP Units 100NoFerguson Partners Consulting (FPC)
Acadia Realty Trust145%LTIP Units 100Yes — Relative TSR vs. Nareit Shopping Center IndexFerguson Partners Consulting (FPC)
AH Realty Trust, Inc.not disclosedLTIP Units 100Yes — Relative TSR Performance v. Custom Peer GroupFerguson Partners
American Healthcare REIT, Inc.150%RSU 50 · PRSU 50Yes — Total Shareholder Return (TSR) relative to performance peer groupFerguson Partners Consulting, L.P.
Brandywine Realty Trust95%RSU 50 · PSU 50NoPay Governance LLC
Centerspace182.7%RSU 50 · PSU 50Yes — TSR relative to FTSE Nareit Equity IndexFerguson Partners Consulting L.P.
CubeSmart157%PSU 33 · RSU 33 · Options 33NoFerguson Partners
Easterly Government Properties, Inc.78%LTIP Units 100Yes — Absolute TSRFTI Consulting
Essential Properties Realty Trust, Inc.163%PRSU 60 · RSU 40Yes — Relative TSRFerguson Partners Consulting L.P.
Extra Space Storage Inc.98.25%PSU 75 · RSU 25Yes — Relative TSRMeridian
Independence Realty Trust, Inc.203.4%PSU 75 · RSU 25Yes — Relative 3-year TSRnot disclosed
InvenTrust Properties Corp.212%RSU 100NoFerguson Partners Consulting
LTC Properties, Inc.137.5%RSU 50 · PSU 50Yes — Absolute TSRFrederic W. Cook & Co., Inc.
National Storage Affiliates Trust61%PRSU 60 · LTIP Units 40Yes — 3-Year TSR versus MSCI US REIT IndexFPC
Public Storagenot disclosedPSU 80 · Options 20NoFerguson Partners Consulting
Sila Realty Trust, Inc.175%PRSU 50 · RSU 50NoFPC
UMH Properties, Inc.not disclosedMSU 34 · RSU 33 · PSU 33Yes — Relative TSR vs MSCI US REIT IndexKorn Ferry

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at SmartStop Self Storage REIT, Inc. in fiscal 2025?
As disclosed, Herbert Schwartz (Chief Executive Officer and President) was the highest-paid executive at SmartStop Self Storage REIT, Inc. in fiscal 2025, with total compensation of $4,846,581.
How does SmartStop Self Storage REIT, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Herbert Schwartz's total compensation ranked at the 25th percentile of SmartStop Self Storage REIT, Inc.'s disclosed peer group.
What is SmartStop Self Storage REIT, Inc.'s CEO-to-median employee pay ratio?
As disclosed, SmartStop Self Storage REIT, Inc.'s CEO-to-median employee pay ratio was 114:1.
How did shareholders vote on SmartStop Self Storage REIT, Inc.'s executive compensation?
As disclosed, 96.26% of shareholders supported SmartStop Self Storage REIT, Inc.'s executive compensation in the latest say-on-pay vote.
How much does SmartStop Self Storage REIT, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, SmartStop Self Storage REIT, Inc. reported total board compensation of $1,998,926 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Herbert SchwartzDEF 14A2026-04-220001193125-26-170634Section “Summary Compensation Table” · page 1. As printed: 4,846,581. Filing ↗machine: span 365052–365061
2Section 01, Joe RobinsonDEF 14A2026-04-220001193125-26-170634Section “Summary Compensation Table” · page 1. As printed: 1,823,131. Filing ↗machine: span 379767–379776
3Section 01, James BarryDEF 14A2026-04-220001193125-26-170634Section “Summary Compensation Table” · page 1. As printed: 1,811,961. Filing ↗machine: span 372419–372428
4Section 01, Wayne JohnsonDEF 14A2026-04-220001193125-26-170634Section “Summary Compensation Table” · page 1. As printed: 1,730,117. Filing ↗machine: span 387092–387101
5Section 01, Michael TerjungDEF 14A2026-04-220001193125-26-170634Section “Summary Compensation Table” · page 1. As printed: 1,513,845. Filing ↗machine: span 394441–394450
6Section 03, Wayne Johnson RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 468175–468182
7Section 03, Michael Terjung PSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 479954–479960
8Section 03, Joe Robinson RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 456370–456377
9Section 03, Herbert Schwartz PSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 427975–427984
10Section 03, Michael Terjung RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 484717–484724
11Section 03, Wayne Johnson RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 470544–470551
12Section 03, Michael Terjung RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 482348–482355
13Section 03, Wayne Johnson PSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 465780–465787
14Section 03, Joe Robinson RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 454001–454008
15Section 03, James Barry PSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 437388–437395
16Section 03, Herbert Schwartz RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 425419–425428
17Section 03, Joe Robinson PSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 451566–451573
18Section 03, James Barry RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 439788–439795
19Section 03, James Barry RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 442157–442164
20Section 03, James Barry RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 434836–434843
21Section 03, Wayne Johnson RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 463228–463235
22Section 03, Michael Terjung RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 477404–477411
23Section 03, Joe Robinson RSUDEF 14A1900-01-010001193125-26-170634Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 449014–449021
24Section 07, pay ratioDEF 14A2026-04-220001193125-26-170634Section “CEO Pay Ratio”. As printed: 114 : 1. Filing ↗machine: span 786999–787002
25Section 08, Harold "Skip" PerryDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 492,416. Filing ↗machine: t154 · r6 · c27 · span 801921–801928
26Section 08, David J. MuellerDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 477,576. Filing ↗machine: t154 · r5 · c27 · span 799516–799523
27Section 08, Timothy S. MorrisDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 474,093. Filing ↗machine: t154 · r4 · c27 · span 797311–797318
28Section 08, Paula MathewsDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 412,319. Filing ↗machine: t154 · r7 · c27 · span 804179–804186
29Section 08, Lora GotchevaDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 142,256. Filing ↗machine: t154 · r3 · c27 · span 795073–795087
30Section 08, H. Michael SchwartzDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 266. Filing ↗
31Section 02, David J. Mueller 2026-05-18Form 42026-05-190001672825-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, David J. Mueller 2026-06-16Form 42026-06-170001672825-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Lora Gotcheva 2026-06-23Form 42026-06-250002077183-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Timothy S. Morris 2026-06-23Form 42026-06-250001462183-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, David J. Mueller 2026-06-23Form 42026-06-250001672825-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Harold "Skip" Perry 2026-06-23Form 42026-06-250001462184-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, David J. Mueller 2026-07-16Form 42026-07-160001672825-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Nicholas Look 2026-08-14Form 42026-08-180001781345-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, David J. Mueller 2026-08-17Form 42026-08-180001672825-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, David J. Mueller 2026-09-16Form 42026-09-170001672825-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
41Section 06, 2026 voteForm 8-K2026-06-250001193125-26-282749Item 5.07 · say-on-pay result. As reported: 96.26% (votes for as printed: 35,947,353). Filing ↗
42Section 06, 2024 voteForm 8-K2024-06-260000950170-24-077738Item 5.07 · say-on-pay result. As reported: 93.81% (votes for as printed: 41,788,692). Filing ↗
43Section 06, 2022 voteForm 8-K2022-06-150000950170-22-011673Item 5.07 · say-on-pay result. As reported: 93.58% (votes for as printed: 36,226,734). Filing ↗machine: span 61927–66802
44Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
45Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
46Section 09b board cost (computed)Computed——Cash 375,750 + equity 1,620,100 + all other 3,076 = 1,998,926, summed across the director compensation table rows.machine: formula: Σ = 1,998,926
47Extra Space Storage Inc., Section 10b CEO totalDEF 14A2026-04-010001289490-26-000027CEO total compensation as printed in Extra Space Storage Inc.'s own proxy. As printed: 14,186,887. Filing ↗machine: r2 · c21 · span 521873–521883
48Easterly Government Properties, Inc., Section 10b CEO totalDEF 14A2026-03-230001622194-26-000008CEO total compensation as printed in Easterly Government Properties, Inc.'s own proxy. As printed: 10,277,519. Filing ↗machine: t32 · r4 · c14 · span 1314670–1314680
49Public Storage, Section 10b CEO totalDEF 14A2026-03-270001193125-26-128991CEO total compensation as printed in Public Storage's own proxy. As printed: 9,909,777. Filing ↗machine: t75 · r4 · c29 · span 2764941–2764950
50Essential Properties Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-134683CEO total compensation as printed in Essential Properties Realty Trust, Inc.'s own proxy. As printed: 9,634,000. Filing ↗machine: span 537248–537253
51CubeSmart, Section 10b CEO totalDEF 14A2026-04-030001104659-26-039457CEO total compensation as printed in CubeSmart's own proxy. As printed: 9,177,452. Filing ↗
52InvenTrust Properties Corp., Section 10b CEO totalDEF 14A2026-03-190001307748-26-000097CEO total compensation as printed in InvenTrust Properties Corp.'s own proxy. As printed: 7,597,244. Filing ↗machine: t86 · r3 · c7 · span 1486834–1486843
53Acadia Realty Trust, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134606CEO total compensation as printed in Acadia Realty Trust's own proxy. As printed: 6,922,230. Filing ↗machine: span 777495–777504
54American Healthcare REIT, Inc., Section 10b CEO totalDEF 14A2026-04-090001193125-26-149677CEO total compensation as printed in American Healthcare REIT, Inc.'s own proxy. As printed: 6,685,948. Filing ↗machine: r3 · c25 · span 905119–905128
55AH Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-300001569187-26-000061CEO total compensation as printed in AH Realty Trust, Inc.'s own proxy. As printed: 6,091,906. Filing ↗machine: span 682444–682453
56Brandywine Realty Trust, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145566CEO total compensation as printed in Brandywine Realty Trust's own proxy. As printed: 5,812,631. Filing ↗machine: t214 · r4 · c24 · span 3086750–3086759
57Sila Realty Trust, Inc., Section 10b CEO totalDEF 14A2025-04-040001567925-25-000036CEO total compensation as printed in Sila Realty Trust, Inc.'s own proxy. As printed: 5,510,455. Filing ↗
58Independence Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-03-190001437749-26-009071CEO total compensation as printed in Independence Realty Trust, Inc.'s own proxy. As printed: 5,266,937. Filing ↗machine: t171 · r1 · c25 · span 836781–836790
59SmartStop Self Storage REIT, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-220001193125-26-170634CEO total compensation as printed in SmartStop Self Storage REIT, Inc.'s own proxy. As printed: 4,846,581. Filing ↗machine: span 365052–365061
60National Storage Affiliates Trust, Section 10b CEO totalDEF 14A2025-03-280001628280-25-015431CEO total compensation as printed in National Storage Affiliates Trust's own proxy. As printed: 4,799,956. Filing ↗machine: span 799334–799343
61LTC Properties, Inc., Section 10b CEO totalDEF 14A2026-04-080001104659-26-040921CEO total compensation as printed in LTC Properties, Inc.'s own proxy. As printed: 4,027,538. Filing ↗machine: r7 · c20 · span 1255138–1255147
62Centerspace, Section 10b CEO totalDEF 14A2026-04-030000798359-26-000029CEO total compensation as printed in Centerspace's own proxy. As printed: 3,105,197. Filing ↗machine: t47 · r7 · c7 · span 589259–589268
63UMH Properties, Inc., Section 10b CEO totalDEF 14A2026-04-170001493152-26-017167CEO total compensation as printed in UMH Properties, Inc.'s own proxy. As printed: 2,909,784. Filing ↗machine: r6 · c31 · span 608102–608111
64Section 10a, American Healthcare REIT, Inc. reciprocityDEF 14A—0001193125-26-149677American Healthcare REIT, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
65Section 10a, Essential Properties Realty Trust, Inc. reciprocityDEF 14A—0001193125-26-134683Essential Properties Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
66Section 10a, National Storage Affiliates Trust reciprocityDEF 14A—0001628280-25-015431National Storage Affiliates Trust's most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
67Section 10a, Independence Realty Trust, Inc. reciprocityDEF 14A—0001466085-25-000037Independence Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
68Section 10a, Acadia Realty Trust reciprocityDEF 14A—0001193125-26-134606Acadia Realty Trust's most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
69Section 10a, LTC Properties, Inc. reciprocityDEF 14A—0001104659-26-040921LTC Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
70Section 10a, UMH Properties, Inc. reciprocityDEF 14A—0001493152-26-017167UMH Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
71Section 10a, Sila Realty Trust, Inc. reciprocityDEF 14A—0001567925-25-000036Sila Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
72Section 10a, Public Storage reciprocityDEF 14A—0001193125-26-128991Public Storage's most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
73Section 10a, Extra Space Storage Inc. reciprocityDEF 14A—0001289490-26-000027Extra Space Storage Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
74Section 10a, CubeSmart reciprocityDEF 14A—0001104659-26-039457CubeSmart's most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
75Section 10a, Brandywine Realty Trust reciprocityDEF 14A—0001193125-26-145566Brandywine Realty Trust's most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
76Section 10a, Easterly Government Properties, Inc. reciprocityDEF 14A—0001622194-26-000008Easterly Government Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
77Section 10a, AH Realty Trust, Inc. reciprocityDEF 14A—0001569187-26-000061AH Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗

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