Company: IIPR
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041241
Chunk: 53

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 53
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 for any of the applicable awards, and the 2022 PSUs were forfeited in their entirety pursuant to the terms of the agreements. Nonqualified Deferred Compensation for 2024 Executive officers, directors and other key employees may choose to defer up to specified maximum amounts of compensation by contributing those amounts to our NQDC Plan, which was established effective as of January 1, 2020. For 2024, the NQDC Plan allowed for deferrals of up to 80% of an employee’s base salary, 100% of an employee’s bonus and 100% of director fees, as well as 100% deferral of settlement of vested RSUs for both employees and directors. No director or employee received matching or other contributions from the Company in 2024 in connection with these deferrals. Deferred amounts are credited to each participant’s account, which is deemed invested in one or more investment alternatives chosen by each participant from a range of mutual fund offerings and other investments available under the NQDC Plan. Each participant’s account is adjusted to reflect the investment performance of the selected investments. Benefits under the plan are payable in cash and generally will be paid in either a lump sum or in annual installments over a certain term upon retirement, death or other termination of employment, or upon a change in control of the Company, as elected in advance by the participant. A participant also may elect to receive some or all of the deferred amounts and related earnings pursuant to an in-service distribution, subject to a minimum three-year deferral. The following table sets forth summary information regarding the contributions to and earnings on the Company’s executive officers’ deferred compensation balances during 2024, and the total deferred amounts for the Company’s executive officers as of December 31, 2024.

| ​ | Name           | ​ | ​ | ExecutiveContributions inLast FiscalYear($)(1) |   |           |   | ​ | ​ | RegistrantContributions inLast Fiscal Year($) |   |   |   | ​ | ​ | AggregateEarnings (Losses)in LastFiscal Year($)(2) |   |          |   | ​ | ​ | AggregateWithdrawals /​Distributions($)(3) |   |          |   | ​ | ​ | Aggregate Balanceat Last Fiscal YearEnd($)(4) |   |           |   | ​ |
| ​ | Alan Gold      | ​ | ​ | ​                                              | ​ | 2,029,708 | ​ | ​ | ​ | ​