Bui Andy 4

What Happened
Andy Bui, Vice President and Chief Accounting Officer of Innovative Industrial Properties, Inc. (IIPR), was granted 6,522 restricted shares on January 20, 2026. The filing shows no purchase price or cash exchanged (price N/A) — this was an award/grant (transaction code A) as part of compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-20 (reported on Form 4 filed 2026-01-21).
• Transaction type: Grant / restricted stock award (Code A).
• Shares granted: 6,522; price: N/A (no cash price reported).
• Shares owned after transaction: Not specified in the provided filing data.
• Vesting note (F1): One-third of the shares vest (released from forfeiture) on each of Jan 1, 2027; Jan 1, 2028; and Jan 1, 2029, provided Bui remains an employee or non-employee director on those dates.
• Filing timeliness: Filed the day after the transaction (appears timely).

Context
Restricted stock grants are compensation/retention awards that vest over time and do not represent an immediate market purchase or sale. They do not necessarily signal the insider's near-term view of the stock price; they reflect company compensation decisions and future ownership if vesting conditions are met.