Smithers Paul E. 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Jan 5, 2026
Insider Transaction Report
Form 4
Smithers Paul E.
DirectorPRESIDENT, CEO AND DIRECTOR
Transactions
- Tax Payment
Common Stock
2026-01-01$47.36/sh−10,983$520,155→ 97,450 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 payment of tax liability by the forfeiture of shares of common stock to Innovative Industrial Properties, Inc. (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 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.