Wolfe Brian J. 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Jan 12, 2021
Insider Transaction Report
Form 4
Wolfe Brian J.
VP, GEN. COUNSEL AND SECRETARY
Transactions
- Award
Common Stock
2021-01-11+2,553→ 13,821 total - Award
Performance Share Units 2021
2021-01-11+7,080→ 7,080 totalExercise: $0.00→ Common Stock (7,080 underlying)
Footnotes (2)
- [F1]Represents grant of restricted stock. One-third of the shares shall be released from the forfeiture restriction on each of January 1, 2022, January 1, 2023 and January 1, 2024, 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 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 shareholder return over the performance period beginning January 11, 2021 and ending on December 31, 2023, and certification of such performance by the Compensation Committee of the Board of Directors of the Company following the conclusion of the performance period.