Smith David Jon 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Mar 29, 2023
Insider Transaction Report
Form 4
Smith David Jon
CFO AND TREASURER
Transactions
- Award
Restricted Stock Units 2023
2023-03-29+13,080→ 13,080 totalExercise: $0.00→ Common Stock (13,080 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of Innovative Industrial Properties, Inc. (the "Company") common stock.
- [F2]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2024, January 1, 2025 and January 1, 2026, 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.