0001415889-24-001445.txt : 20240118
0001415889-24-001445.hdr.sgml : 20240118
20240118102716
ACCESSION NUMBER: 0001415889-24-001445
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240117
FILED AS OF DATE: 20240118
DATE AS OF CHANGE: 20240118
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gold Alan D
CENTRAL INDEX KEY: 0001298786
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37949
FILM NUMBER: 24540440
MAIL ADDRESS:
STREET 1: 17140 BERNARDO CENTER DRIVE
STREET 2: SUITE 195
CITY: SAN DIEGO
STATE: CA
ZIP: 92128
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: INNOVATIVE INDUSTRIAL PROPERTIES INC
CENTRAL INDEX KEY: 0001677576
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 812963381
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1389 CENTER DRIVE
STREET 2: SUITE 200
CITY: PARK CITY
STATE: UT
ZIP: 84098
BUSINESS PHONE: (858) 997-3332
MAIL ADDRESS:
STREET 1: 1389 CENTER DRIVE
STREET 2: SUITE 200
CITY: PARK CITY
STATE: UT
ZIP: 84098
FORMER COMPANY:
FORMER CONFORMED NAME: INNOVATIVE GREENHOUSE PROPERTIES INC
DATE OF NAME CHANGE: 20160620
4
1
form4-01182024_030110.xml
X0508
4
2024-01-17
0001677576
INNOVATIVE INDUSTRIAL PROPERTIES INC
IIPR
0001298786
Gold Alan D
C/O INNOVATIVE INDUSTRIAL PROPERTIES
11440 WEST BERNARDO COURT, SUITE 100
SAN DIEGO
CA
92127
true
true
false
false
EXECUTIVE CHAIRMAN
0
Common Stock
213308
D
Common Stock
56500
I
By SLAT
Restricted Stock Units 2024
0
2024-01-17
4
A
0
38124
0
A
Common Stock
38124
38124
D
Restricted Stock Units 2023
0
Common Stock
31566
31566
D
Restricted Stock Units 2022
0
Common Stock
16218
16218
D
Restricted Stock Units 2021
0
Common Stock
12612
12612
D
Restricted Stock Units 2020
0
Common Stock
15978
15978
D
Performance Share Units 2022
0
Common Stock
46188
46188
D
A Spousal Lifetime Access Trust ("SLAT") for the benefit of the reporting person's spouse and adult child. The reporting person and the reporting person's spouse control the entity that serves as trustee of the SLAT.
Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Innovative Industrial Properties, Inc.'s (the "Company") common stock.
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 Nonqualified Deferred Compensation Plan (the "NQDC Plan").
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.
One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2023, January 1, 2024 and January 1, 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 NQDC Plan.
The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
Each performance share unit represents the right to receive, following vesting, between 0% and 150% of one share of common stock based upon the achievement of pre-established performance metrics related to relative total stockholder return over performance period beginning January 11, 2022 and ending on December 31, 2024, and certification of such performance by the Compensation Committee following the conclusion of the performance period.
/s/ Brian J. Wolfe, Attorney-in-Fact
2024-01-18