CHRO Schulte sold 15,942 shares of CUBE at $52.56, reducing stake by -59.5% to 10,847 shares (9/11/24)
Schulte, serving as Chief Human Resources Officer, executed a substantial sale of 15,942 shares at $52.56 on 2024-09-11, totaling $837,919.49, reducing her holdings by 59.5% from 26,789 shares to 10,847 shares. The transaction occurred when CUBE was trading near the upper end of its 52-week range ($33.28–$54.00) and has subsequently appreciated 10.4% over 30 days and 22.1% over 90 days, indicating the sale price was below near-term post-transaction performance. At a P/E of 30.00 and market cap of $12.2B, the company shows moderate fundamental strength with latest-quarter net income of $94.2M on revenue of $266.2M, supported by 4.0% annual revenue growth. The magnitude of this holding reduction—cutting her position by more than half in a single transaction—is notable and warrants attention to any accompanying SEC disclosures or company guidance changes.