Gold Alan D 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Innovative Industrial Properties (IIPR) Exec Chair Alan Gold Receives Award
What Happened
- Alan D. Gold, Executive Chairman and Director of Innovative Industrial Properties, received a grant of 33,960 restricted stock units (RSUs) reported as a derivative acquisition on 2026-06-19. The reported price is $0.00, so no cash was paid; the award is recorded as $0 value at grant.
- Each RSU represents the right to receive one share of IIPR common stock upon vesting (see footnote F3). The vesting and release schedule is governed by the company’s nonqualified deferred compensation plan and related terms in the filing (see Footnotes F4–F7).
Key Details
- Transaction date and type: 2026-06-19 — Award/Grant of 33,960 RSUs (code A); reported price $0.00.
- Filing date: 2026-06-23 — filed two business days after the transaction (timely under Form 4 rules).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note:
- F3: RSUs convert to one share each upon vesting.
- F4–F7/F5: Vesting is subject to the company’s Nonqualified Deferred Compensation (NQDC) Plan; several footnotes describe staggered one‑third release schedules on specified January 1 dates for different grants.
- F1–F2: References to trusts (SLAT and SMG Irrevocable Trust) controlled by the reporting person and spouse for beneficiaries (spouse/adult child).
- Transaction type implication: This is an equity compensation award (not an open‑market purchase or sale).
Context
- RSU grants are a common form of executive/director compensation and indicate future potential share issuance on vesting rather than an immediate market purchase. They do not by themselves signal a buy or sell decision by the insider.
- Vesting schedules and trust arrangements in the footnotes indicate the timing and potential ultimate ownership of the underlying shares; consult the company’s proxy/NQDC plan for exact vesting conditions.
Insider Transaction Report
Form 4
Gold Alan D
DirectorEXECUTIVE CHAIRMAN
Transactions
- Award
Restricted Stock Units 2026
[F3][F4]2026-06-19+33,960→ 33,960 total→ Common Stock (33,960 underlying)
Holdings
- 213,308
Common Stock
- 58,500(indirect: By SLAT)
Common Stock
[F1] - 2,600(indirect: By Trust)
Common Stock
[F2] - 15,978
Restricted Stock Units 2020
[F3][F5]→ Common Stock (15,978 underlying) - 12,612
Restricted Stock Units 2021
[F3][F5]→ Common Stock (12,612 underlying) - 16,218
Restricted Stock Units 2022
[F3][F5]→ Common Stock (16,218 underlying) - 31,566
Restricted Stock Units 2023
[F3][F5]→ Common Stock (31,566 underlying) - 38,124
Restricted Stock Units 2024
[F3][F6]→ Common Stock (38,124 underlying) - 45,438
Restricted Stock Units 2025
[F3][F7]→ Common Stock (45,438 underlying) - 66,702
Restricted Stock Units 2026
[F3][F4]→ Common Stock (66,702 underlying)
Footnotes (7)
- [F1]A Spousal Lifetime Access Trust ("SLAT") for the benefit of the reporting person's spouse and adult child. The reporting person and the reporting person's spouse control the entity that serves as trustee of the SLAT.
- [F2]SMG Irrevocable Trust for the benefit of the reporting person's adult child. The reporting person and the reporting person's spouse control the entity that serves as trustee of SMG Irrevocable Trust.
- [F3]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Innovative Industrial Properties, Inc.'s (the "Company") common stock.
- [F4]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2027, January 1, 2028, and January 1, 2029, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
- [F5]The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
- [F6]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2025, January 1, 2026, and January 1, 2027, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
- [F7]One-third of the RSUs 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 the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan.
Signature
/s/ Alan D. Gold|2026-06-23