Smith David Jon 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Jan 18, 2024
Insider Transaction Report
Form 4
Smith David Jon
CFO AND TREASURER
Transactions
- Award
Restricted Stock Units 2024
2024-01-17+10,893→ 10,893 totalExercise: $0.00→ Common Stock (10,893 underlying)
Holdings
- 13,080
Restricted Stock Units 2023
Exercise: $0.00→ Common Stock (13,080 underlying)
Footnotes (3)
- [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, 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 Nonqualified Deferred Compensation Plan (the "NQDC Plan").
- [F3]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 NQDC Plan.