Company: IIPR
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041241
Chunk: 60

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 60
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112,638,000 | ​ | ​ | ​ | ​                | $ | 6.66 | ​ | ​ |
| ​ |    2020 | ​ | ​ | ​                                     | ​ |  1,858,697 | ​ | ​ | ​ | ​                                  | ​ |  4,343,138 | ​ | ​ | ​ | ​                                                    | ​ | 1,904,848 | ​ | ​ | ​ | ​                                                 | ​ |  4,504,544 | ​ | ​ | ​ | ​                                                | ​ | 251 | ​ | ​ | ​ | ​ | ​ |  92 | ​ | ​ | ​ | ​          | ​ |  64,378,000 | ​ | ​ | ​ | ​                | $ | 5.01 | ​ | ​ |

(1) The CEO for all periods presented is Mr. Smithers. The non-CEO NEOs are Mr. Gold, Mr. Smith, and Mr. Wolfe for 2024. The non-CEO NEOs are Mr. Gold, Mr. Smith, Mr. Wolfe and Ms. Hastings for 2023 and the non-CEO NEOs for 2022, 2021 and 2020 are Mr. Gold, Mr. Wolfe and Ms. Hastings. Mr. Smith was appointed chief financial officer and treasurer in March 2023, concurrent with Ms. Hastings’ appointment as chief operating officer. (2) Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (1) for restricted stock and RSU awards, closing price on applicable year-end dates or, in the case of vesting dates, the actual vesting price, and (2) for PSU awards, the fair value calculated by a Monte Carlo simulation model as of the applicable year-end date(s). For the portion of “Compensation Actually Paid” that is based on year-end stock prices, the following prices were used: for 2024: $ 66.64( 34% decrease from prior year) for 2023: $ 100.82(less than 1% decrease from prior year), for 2022: $ 101.35( 61% decrease from prior year), for 2021: $ 262.91( 44% increase from prior year), and for 2020: $ 183.13( 141% increase from prior