4//SEC Filing
Smithers Paul E. 4
Accession 0001638599-21-000386
CIK 0001677576other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 9:38 PM ET
Size
10.0 KB
Accession
0001638599-21-000386
Insider Transaction Report
Form 4
Smithers Paul E.
DirectorPRESIDENT, CEO AND DIRECTOR
Transactions
- Sale
Common Stock
2021-03-17$195.00/sh−2,000$390,000→ 31,740 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) - 21,238
Performance Share Units 2021
Exercise: $0.00→ Common Stock (21,238 underlying)
Footnotes (4)
- [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, 2021, January 1, 2022 and January 1, 2023, 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, 2022, January 1, 2023 and January 1, 2024, 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.
- [F4]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.
Documents
Issuer
INNOVATIVE INDUSTRIAL PROPERTIES INC
CIK 0001677576
Entity typeother
Related Parties
1- filerCIK 0001689308
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 9:38 PM ET
- Size
- 10.0 KB