4//SEC Filing
Smith David Jon 4
Accession 0001764631-26-000002
CIK 0001677576other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 7:20 PM ET
Size
12.7 KB
Accession
0001764631-26-000002
Insider Transaction Report
Form 4
Smith David Jon
CFO AND TREASURER
Transactions
- Exercise/Conversion
Common Stock
2026-01-01+4,555→ 5,155 total - Tax Payment
Common Stock
2026-01-01$47.36/sh−1,634$77,386→ 3,521 total - Exercise/Conversion
Restricted Stock Units 2025
2026-01-01−4,555→ 9,110 total→ Common Stock (4,555 underlying)
Holdings
- 13,080
Restricted Stock Units 2023
→ Common Stock (13,080 underlying) - 10,893
Restricted Stock Units 2024
→ Common Stock (10,893 underlying)
Footnotes (5)
- [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 Innovative Industrial Properties, Inc. (the "Company") common stock.
- [F3]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2026, January 1, 2027 and January 1, 2028, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of 9,110 of the RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan (the "NQDC Plan").
- [F4]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2024, January 1, 2025 and January 1, 2026, 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.
- [F5]One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2025, January 1, 2026 and January 1, 2027, 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.
Documents
Issuer
INNOVATIVE INDUSTRIAL PROPERTIES INC
CIK 0001677576
Entity typeother
Related Parties
1- filerCIK 0001764631
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 7:20 PM ET
- Size
- 12.7 KB