Wolfe Brian J. 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Jan 3, 2025
Insider Transaction Report
Form 4
Wolfe Brian J.
VP, GEN. COUNSEL AND SECRETARY
Transactions
- Tax Payment
Common Stock
2025-01-01$66.64/sh−571$38,051→ 8,357 total
Holdings
- 9,804
Restricted Stock Units 2024
Exercise: $0.00→ Common Stock (9,804 underlying) - 8,118
Restricted Stock Units 2023
Exercise: $0.00→ Common Stock (8,118 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 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, 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 (the "NQDC Plan").
- [F4]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 NQDC Plan.