Paul E. Smithers - Feb 24, 2025 Form 4 Insider Report for INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR)

Role
PRESIDENT, CEO AND DIRECTOR, Director
Signature
/s/ Paul E. Smithers
Stock symbol
IIPR
Transactions as of
Feb 24, 2025
Transactions value $
$0
Form type
4
Date filed
2/25/2025, 01:56 PM
Previous filing
Jan 3, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IIPR Common Stock Award +32.5K +42.72% 108K Feb 24, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding IIPR Restricted Stock Units 2020 10.7K Feb 24, 2025 Common Stock 10.7K $0.00 Direct F2, F3
holding IIPR Restricted Stock Units 2021 6.65K Feb 24, 2025 Common Stock 6.65K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock. One-third of the shares shall be released from the forfeiture restriction on each of January 1, 2026, January 1, 2027, and January 1, 2028, provided that the reporting person continues to be a non-employee director or employee of Innovative Industrial Properties, Inc. (the "Company") on such date.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Company's common stock.
F3 The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan.