Company: IIPR
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041241
Chunk: 52

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 52
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 member of the Board on each such date. Mr. Wolfe resigned as an employee and officer of the Company effective January 9, 2025 and 9,242 unvested RSUs were forfeited as a result.

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TABLE OF CONTENTS

Stock Vested During 2024 The table below provides information about restricted stock vesting for each of our named executive officers during the fiscal year ended December 31, 2024. No stock options were outstanding or exercised during the fiscal year ended December 31, 2024.

| ​ 
 ​ | ​             
 Name          | ​ 
 ​ | ​ 
 ​ | Stock Awards                                       
 Number of Shares orUnits Acquired onVesting (#)(1) |   |        |   | ​ | ​ | Value Realized onVesting ($)(2) |   |           |   | ​ 
 ​ |
|:--|:--------------|:--|:--|:---------------------------------------------------|:--|-------:|:--|:--|:--|:--------------------------------|:--|----------:|:--|:--|
| ​ | Alan Gold     | ​ | ​ | ​                                                  | ​ | 20,132 | ​ | ​ | ​ | ​                               | $ | 2,029,708 | ​ | ​ |
| ​ | Paul Smithers | ​ | ​ | ​                                                  | ​ | 13,595 | ​ | ​ | ​ | ​                               | ​ | 1,370,648 | ​ | ​ |
| ​ | David Smith   | ​ | ​ | ​                                                  | ​ |  4,360 | ​ | ​ | ​ | ​                               | ​ |   439,575 | ​ | ​ |
| ​ | Brian Wolfe   | ​ | ​ | ​                                                  | ​ |  4,947 | ​ | ​ | ​ | ​                               | ​ |   498,757 | ​ | ​ |

(1) Represents the aggregate of equity grants that vested on January 1, 2024. (2) This column represents the number of shares of stock and/or RSUs that vested multiplied by the market price of the common stock on the vesting date. We did not provide any defined benefit pension plans in which our named executive officers participated during 2024. Accordingly, we have not included a Pension Benefits table in this proxy statement. At December 31, 2024, the performance thresholds for the vesting of the 2022 PSUs were not met