| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IIPR | Common Stock | +Grant/Award | +1,416 | +18.81% | 8,945 | May 15, 2024 | Direct | F1 | ||
| holding | IIPR | Common Stock | 70 | May 15, 2024 | By Spouse |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | IIPR | Restricted Stock Units 2020 | 911 | May 15, 2024 | Common Stock | 911 | $0.00 | Direct | F2, F3 |
| Id | Content |
|---|---|
| F1 | Represents grant of restricted stock. All of the shares shall be released from the forfeiture restriction on May 15, 2025, provided that the reporting person continues to be a non-employee director or employee of Innovative Industrial Properties, Inc. (the "Company") on such date. |
| 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. |