4//SEC Filing
Wolfe Brian J. 4
Accession 0001415889-24-000308
CIK 0001677576other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 4:39 PM ET
Size
8.9 KB
Accession
0001415889-24-000308
Insider Transaction Report
Form 4
Wolfe Brian J.
VP, GEN. COUNSEL AND SECRETARY
Transactions
- Tax Payment
Common Stock
2024-01-01$100.82/sh−885$89,226→ 8,928 total
Holdings
- 8,118
Restricted Stock Units 2023
Exercise: $0.00→ Common Stock (8,118 underlying) - 10,264
Performance Share Units 2022
Exercise: $0.00→ Common Stock (10,264 underlying)
Footnotes (4)
- [F1]Represents payment of tax liability by the forfeiture of shares of common stock to Innovative Industrial Properties, Inc. (the "Company") incident to the vesting of the reporting person's restricted stock.
- [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, 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.
Documents
Issuer
INNOVATIVE INDUSTRIAL PROPERTIES INC
CIK 0001677576
Entity typeother
Related Parties
1- filerCIK 0001689397
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 4:39 PM ET
- Size
- 8.9 KB