HASTINGS CATHERINE 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Jan 4, 2021
Insider Transaction Report
Form 4
HASTINGS CATHERINE
CAO and Treasurer
Transactions
- Tax Payment
Common Stock
2021-01-01$183.13/sh−1,702$311,687→ 14,205 total
Holdings
- 7,323
Restricted stock units
Exercise: $0.00→ Common Stock (7,323 underlying)
Footnotes (3)
- [F1]Represents payment of tax liability by the forfeiture of shares of common stock to 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 Innovative Industrial Properties, Inc. common stock.
- [F3]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2021, January 1, 2022 and January 1, 2023, provided that the reporting person continues to be a non-employee director or employee of Innovative Industrial Properties, Inc. on such date.