Smithers Paul E. 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Feb 25, 2025
Insider Transaction Report
Form 4
Smithers Paul E.
DirectorPRESIDENT, CEO AND DIRECTOR
Transactions
- Award
Common Stock
2025-02-24+32,457→ 108,433 total
Holdings
- 10,653
Restricted Stock Units 2020
Exercise: $0.00→ Common Stock (10,653 underlying) - 6,654
Restricted Stock Units 2021
Exercise: $0.00→ Common Stock (6,654 underlying)
Footnotes (3)
- [F1]Represents grant of restricted stock. One-third of the shares shall be released from the forfeiture restriction on each of January 1, 2026, January 1, 2027, and January 1, 2028, 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 restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Company's common stock.
- [F3]The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan.