0001415889-23-001271.txt : 20230120
0001415889-23-001271.hdr.sgml : 20230120
20230120161523
ACCESSION NUMBER: 0001415889-23-001271
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230118
FILED AS OF DATE: 20230120
DATE AS OF CHANGE: 20230120
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HASTINGS CATHERINE
CENTRAL INDEX KEY: 0001693165
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37949
FILM NUMBER: 23541156
MAIL ADDRESS:
STREET 1: C/O INNOVATIVE INDUSTRIAL PROPERTIES INC
STREET 2: 17190 BERNARDO CENTER DRIVE
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]
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
form4-01202023_040107.xml
X0306
4
2023-01-18
0001677576
INNOVATIVE INDUSTRIAL PROPERTIES INC
IIPR
0001693165
HASTINGS CATHERINE
C/O INNOVATIVE INDUSTRIAL PROPERTIES
11440 WEST BERNARDO COURT, SUITE 100
SAN DIEGO
CA
92127
false
true
false
false
CFO AND TREASURER
Common Stock
10599
D
Restricted Stock Units 2023
0
2023-01-18
4
A
0
9021
0
A
Common Stock
9021
9021
D
Restricted Stock Units 2020
0
Common Stock
7323
7323
D
Restricted Stock Units 2021
0
Common Stock
2607
2607
D
Performance Share Units 2021
0
Common Stock
8496
8496
D
Performance Share Units 2022
0
Common Stock
12317
12317
D
Restricted Stock Units 2022
0
Common Stock
4635
4635
D
Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of 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, 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 Nonqualified Deferred Compensation Plan (the "NQDC Plan").
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, 2022, January 1, 2023 and January 1, 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.
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 the performance period beginning January 11, 2021 and ending on December 31, 2023, and certification of such performance by the Compensation Committee of the Board of Directors of the Company following the conclusion of the performance period.
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 the performance period beginning January 11, 2022 and ending on December 31, 2024, and certification of such performance by the Compensation Committee of the Board of Directors of Innovative Industrial Properties, Inc. (the "Company") following the conclusion of the performance period.
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.
/s/ Brian J. Wolfe, Attorney-in-Fact
2023-01-20