Company: IIPR
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041241
Chunk: 36

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 36
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 named executive officer’s experience, including with respect to specific experience and skills applicable to the regulated cannabis industry operations and regulations; and • the types and amount of each element of compensation to be paid to the named executive officer. In 2024, the compensation committee approved the changes to our named executive officers’ base salaries indicated below, effective as of January 1, 2024, based on the compensation committee’s assessment of the Company’s financial and operational performance and its evaluation of each named executive officer’s individual performance:

| ​ | Executive      | ​ | ​ | 2024 AnnualBase Salary |   |           |   | ​ | ​ | 2023 AnnualBase Salary |   |           |   | ​ | ​ | Percentage Changefrom 2023 to 2024 |   |      |   | ​ |
|:--|:---------------|:--|:--|:-----------------------|:--|----------:|:--|:--|:--|:-----------------------|:--|----------:|:--|:--|:--|:-----------------------------------|:--|:-----|:--|:--|
| ​ | Alan Gold      | ​ | ​ | ​                      | $ | 1,300,000 | ​ | ​ | ​ | ​                      | $ | 1,238,600 | ​ | ​ | ​ | ​                                  | ​ | 5.0% | ​ | ​ |
| ​ | Paul Smithers  | ​ | ​ | ​                      | ​ | 1,067,000 | ​ | ​ | ​ | ​                      | ​ | 1,016,400 | ​ | ​ | ​ | ​                                  | ​ | 5.0% | ​ | ​ |
| ​ | David Smith(1) | ​ | ​ | ​                      | ​ |   420,000 | ​ | ​ | ​ | ​                      | ​ |   400,000 | ​ | ​ | ​ | ​                                  | ​ | 5.0% | ​ | ​ |
| ​ | Brian Wolfe(2) | ​ | ​ | ​                      | ​ |   405,000 | ​ | ​ | ​ | ​                      | ​ |   385,000 | ​ | ​ | ​ | ​                                  | ​ | 5.2% | ​ | ​ |

(1) Effective March 29, 2023, Mr. Smith was appointed as the Chief Financial Officer and Treasurer. Mr. Smith