Scott Shoemaker - May 15, 2024 Form 4 Insider Report for INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR)

Role
Director
Signature
/s/ Brian J. Wolfe, Attorney-in-Fact
Stock symbol
IIPR
Transactions as of
May 15, 2024
Transactions value $
$0
Form type
4
Date filed
5/15/2024, 05:34 PM
Previous filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding IIPR Common Stock 1.7K May 15, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IIPR Restricted Stock Units 2024 Award $0 +1.42K $0.00 1.42K May 15, 2024 Common Stock 1.42K $0.00 Direct F1, F2
holding IIPR Restricted Stock Units 2023 2.25K May 15, 2024 Common Stock 2.25K $0.00 Direct F1, F3
holding IIPR Restricted Stock Units 2022 1.25K May 15, 2024 Common Stock 1.25K $0.00 Direct F1, F4
holding IIPR Restricted Stock Units 2021 883 May 15, 2024 Common Stock 883 $0.00 Direct F1, F4
holding IIPR Restricted Stock Units 2020 911 May 15, 2024 Common Stock 911 $0.00 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 All of the RSUs 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 the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan (the "NQDC Plan").
F3 All of the RSUs shall be released from the forfeiture restriction on June 7, 2024, 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.
F4 The vesting of RSUs is subject to the satisfaction of the vesting conditions under the Company's NQDC Plan.