Company: IIPR
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041241
Chunk: 49

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 49
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 Mr. Smith’s and his immediate family’s relocation to the Company’s San Diego, California corporate offices. (5) This column represents the cash incentive award earned in the year indicated pursuant to our annual cash incentive plan, which are paid the following year. The amounts earned under the 2024 annual cash incentive awards were paid entirely in the form of cash. See “Compensation Discussion and Analysis — Compensation Components in Detail — Annual Cash Incentive Awards” for more information. (6) Mr. Wolfe resigned as an employee and officer of the Company effective as of January 9, 2025 and as such was ineligible for the 2024 annual cash incentive. Grants of Plan-Based Awards for 2024 The table below provides information about plan-based awards granted to our named executive officers during the fiscal year ended December 31, 2024. These awards consist of cash incentive amounts pursuant to the 2024 annual cash incentive awards and time-based restricted stock and RSU awards.

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TABLE OF CONTENTS

| ​ | ​              | ​ | ​ |          ​ | ​ | ​ | Estimated Future Payouts Under Non-EquityIncentive Plan Awards(1) |   |           |            |   |   |   |   |           |             |   |   |   | ​ | ​ | All OtherStock Awards:Number ofShares ofStock orUnits (#)(2) |   |        |   | ​ | ​ | Grant DateFair Valueof StockAwards ($)(3) |   |           |   | ​ |
| ​ | Name           | ​ | ​ | Grant Date | ​ | ​ | Threshold ($)                                                     | ​ |         ​ | Target ($) |   |   |   | ​ |         ​ | Maximum ($) |   |   |   | ​ |   |                                                              |   |        |   |   |   |                                           |   |           |   |   |
| ​ | Alan Gold      | ​ | ​ |    1/17/24 | ​ | ​ | —                                                                 | ​ |         ​ | ​          | ​ | — | ​ | ​ |         ​ | ​           | ​ | — | ​ | ​ | ​ | ​                                                            | ​ | 38,124 | ​ | ​ | ​ | ​                                         | ​ | 3,500,164 | ​ | ​ |
| ​ | N/A            | ​ | ​ |  1,137,500 | ​ | ​ | ​                                                                 | ​ | 2