Smithers Paul E. 4
4 · INNOVATIVE INDUSTRIAL PROPERTIES INC · Filed Jan 6, 2026
Insider Transaction Report
Form 4
Smithers Paul E.
DirectorPRESIDENT, CEO AND DIRECTOR
Transactions
- Exercise/Conversion
Common Stock
2026-01-02+10,653→ 108,103 total - Tax Payment
Common Stock
2026-01-02$49.47/sh−5,169$255,710→ 102,934 total - Exercise/Conversion
Restricted Stock Units 2020
2026-01-02−10,653→ 0 total→ Common Stock (10,653 underlying)
Holdings
- 6,654
Restricted Stock Units 2021
→ Common Stock (6,654 underlying)
Footnotes (3)
- [F1]Represents payment of tax liability by the withholding of shares of common stock by Innovative Industrial Properties, Inc. incident to the settlement of the reporting person's restricted stock units.
- [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.