4//SEC Filing
HASTINGS CATHERINE 4
Accession 0001415889-22-000499
CIK 0001677576other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 3:06 PM ET
Size
14.6 KB
Accession
0001415889-22-000499
Insider Transaction Report
Form 4
HASTINGS CATHERINE
CAO and Treasurer
Transactions
- Award
Performance Share Units 2022
2022-01-11+12,317→ 12,317 totalExercise: $0.00→ Common Stock (12,317 underlying) - Award
Restricted Stock Units 2022
2022-01-11+4,635→ 4,635 totalExercise: $0.00→ Common Stock (4,635 underlying)
Holdings
- 7,323
Restricted Stock Units 2020
Exercise: $0.00→ Common Stock (7,323 underlying) - 10,599
Common Stock
- 2,607
Restricted Stock Units 2021
Exercise: $0.00→ Common Stock (2,607 underlying) - 8,496
Performance Share Units 2021
Exercise: $0.00→ Common Stock (8,496 underlying)
Footnotes (6)
- [F1]Each performance share unit represents the right to receive, following vesting, between 0% and 150% of one share of common stock based upon the achievement of pre-established performance metrics related to relative total stockholder return over the performance period beginning January 11, 2022 and ending on December 31, 2024, and certification of such performance by the Compensation Committee of the Board of Directors of Innovative Industrial Properties, Inc. (the "Company") following the conclusion of the performance period.
- [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]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2023, January 1, 2024 and January 1, 2025, 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 (the "NQDC Plan").
- [F4]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2021, January 1, 2022 and January 1, 2023, 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]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2022, January 1, 2023 and January 1, 2024, 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.
- [F6]Each performance share unit represents the right to receive, following vesting, between 0% and 150% of one share of common stock based upon the achievement of pre-established performance metrics related to relative total stockholder return over the performance period beginning January 11, 2021 and ending on December 31, 2023, and certification of such performance by the Compensation Committee of the Board of Directors of the Company following the conclusion of the performance period.
Documents
Issuer
INNOVATIVE INDUSTRIAL PROPERTIES INC
CIK 0001677576
Entity typeother
Related Parties
1- filerCIK 0001693165
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 3:06 PM ET
- Size
- 14.6 KB