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

Role
PRESIDENT, CEO AND DIRECTOR, Director
Signature
/s/ Paul E. Smithers
Issuer symbol
IIPR
Transactions as of
24 Feb 2025
Net transactions value
$0
Form type
4
Filing time
25 Feb 2025, 13:56:06 UTC
Previous filing
03 Jan 2025
Next filing
05 Jan 2026
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 +32,457 +43% 108,433 24 Feb 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 10,653 24 Feb 2025 Common Stock 10,653 $0.000000 Direct F2, F3
holding IIPR Restricted Stock Units 2021 6,654 24 Feb 2025 Common Stock 6,654 $0.000000 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.