HASTINGS CATHERINE 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Aug 11, 2021
Insider Transaction Report
Form 4
HASTINGS CATHERINE
CAO and Treasurer
Transactions
- Sale
Common Stock
2021-08-10$228.97/sh−1,500$343,455→ 11,505 total
Holdings
- 7,323
Restricted Stock Units 2020
Exercise: $0.00→ Common Stock (7,323 underlying) - 8,496
Performance Share Units 2021
Exercise: $0.00→ Common Stock (8,496 underlying) - 2,607
Restricted Stock Units 2021
Exercise: $0.00→ Common Stock (2,607 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 performance period beginning January 11, 2021 and ending on December 31, 2023, and certification of such performance by the Compensation Committee following the conclusion of the performance period.