4//SEC Filing
Smithers Paul E. 4
Accession 0001415889-22-000501
CIK 0001677576other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 3:12 PM ET
Size
13.3 KB
Accession
0001415889-22-000501
Insider Transaction Report
Form 4
Smithers Paul E.
DirectorPRESIDENT, CEO AND DIRECTOR
Transactions
- Award
Common Stock
2022-01-11+11,583→ 38,026 total - Award
Performance Share Units 2022
2022-01-11+30,792→ 30,792 totalExercise: $0.00→ Common Stock (30,792 underlying)
Holdings
- 6,654
Restricted Stock Units 2021
Exercise: $0.00→ Common Stock (6,654 underlying) - 10,653
Restricted Stock Units 2020
Exercise: $0.00→ Common Stock (10,653 underlying) - 21,238
Performance Share Units 2021
Exercise: $0.00→ Common Stock (21,238 underlying)
Footnotes (6)
- [F1]Represents grant of restricted stock. One-third of the shares 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 Innovative Industrial Properties, Inc. (the "Company") on such date.
- [F2]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 the Company following the conclusion of the performance period.
- [F3]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Company's common stock.
- [F4]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 Nonqualified Deferred Compensation Plan (the "NQDC Plan").
- [F5]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.
- [F6]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.
Documents
Issuer
INNOVATIVE INDUSTRIAL PROPERTIES INC
CIK 0001677576
Entity typeother
Related Parties
1- filerCIK 0001689308
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 3:12 PM ET
- Size
- 13.3 KB