Innovative Industrial (NYSE: IIPR) grants 33,960 RSUs to executive chair
Rhea-AI Filing Summary
Gold Alan D reported acquisition or exercise transactions in this Form 4 filing.
Innovative Industrial Properties executive chairman Alan D. Gold reported an equity award of 33,960 restricted stock units (RSUs) on common stock. The RSUs were granted on June 19, 2026 and each unit represents the right to receive one share of common stock upon vesting.
One‑third of these RSUs is scheduled to vest on each of January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued service and vesting conditions under the company’s nonqualified deferred compensation plan. Following the reported positions, Gold holds 213,308 common shares directly, plus additional indirect holdings through family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Gold Alan D
Role
EXECUTIVE CHAIRMAN
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units 2026 | 33,960 | $0.00 | $0.00 |
| holding | Restricted Stock Units 2020 | -- | -- | -- |
| holding | Restricted Stock Units 2021 | -- | -- | -- |
| holding | Restricted Stock Units 2022 | -- | -- | -- |
| holding | Restricted Stock Units 2023 | -- | -- | -- |
| holding | Restricted Stock Units 2024 | -- | -- | -- |
| holding | Restricted Stock Units 2025 | -- | -- | -- |
| holding | Restricted Stock Units 2026 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units 2026 — 100,662 shares (Direct);
Restricted Stock Units 2020 — 15,978 shares (Direct);
Restricted Stock Units 2021 — 12,612 shares (Direct);
Restricted Stock Units 2022 — 16,218 shares (Direct);
Restricted Stock Units 2023 — 31,566 shares (Direct);
Restricted Stock Units 2024 — 38,124 shares (Direct);
Restricted Stock Units 2025 — 45,438 shares (Direct);
Common Stock — 213,308 shares (Direct);
Common Stock — 58,500 shares (Indirect, By SLAT);
Common Stock — 2,600 shares (Indirect, By Trust)
Footnotes (7)
- F1. A Spousal Lifetime Access Trust ("SLAT") for the benefit of the reporting person's spouse and adult child. The reporting person and the reporting person's spouse control the entity that serves as trustee of the SLAT.
- F2. SMG Irrevocable Trust for the benefit of the reporting person's adult child. The reporting person and the reporting person's spouse control the entity that serves as trustee of SMG Irrevocable Trust.
- F3. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Innovative Industrial Properties, Inc.'s (the "Company") common stock.
- F4. One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2027, January 1, 2028, and January 1, 2029, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
- F5. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
- F6. One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2025, January 1, 2026, and January 1, 2027, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan.
- F7. One-third of the RSUs shall be released from the forfeiture restriction on each of January 1, 2026, January 1, 2027, and January 1, 2028, provided that the reporting person continues to be a non-employee director or employee of the Company on such date. The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan.
Key Figures
New RSU grant 2026: 33,960 units
Direct common stock holdings: 213,308 shares
Indirect holdings by trust: 2,600 shares
+5 more
8 metrics
New RSU grant 2026
33,960 units
Restricted Stock Units 2026 granted on June 19, 2026
Direct common stock holdings
213,308 shares
Common Stock directly owned after reported positions
Indirect holdings by trust
2,600 shares
Common Stock held indirectly by irrevocable trust
Indirect holdings by SLAT
58,500 shares
Common Stock held indirectly via Spousal Lifetime Access Trust
RSUs 2025 position
45,438 units
Restricted Stock Units 2025 underlying common shares
RSUs 2024 position
38,124 units
Restricted Stock Units 2024 underlying common shares
RSUs 2023 position
31,566 units
Restricted Stock Units 2023 underlying common shares
RSUs 2022 position
16,218 units
Restricted Stock Units 2022 underlying common shares
Key Terms
Spousal Lifetime Access Trust ("SLAT"), SMG Irrevocable Trust, restricted stock unit ("RSU"), Nonqualified Deferred Compensation Plan, +1 more
5 terms
Spousal Lifetime Access Trust ("SLAT") financial
"A Spousal Lifetime Access Trust ("SLAT") for the benefit of the reporting person's spouse and adult child."
SMG Irrevocable Trust financial
"SMG Irrevocable Trust for the benefit of the reporting person's adult child."
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Company's common stock."
Nonqualified Deferred Compensation Plan financial
"The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's Nonqualified Deferred Compensation Plan."
A nonqualified deferred compensation plan is an arrangement where an employer lets select employees postpone receiving part of their pay or bonuses until a future date, often at retirement, so taxes are paid later. It matters to investors because these payouts are typically unsecured promises by the company—like an internal IOU—so they create future cash obligations and expose the company to extra liability risk if the business falters, and they also reveal how executives are being paid and motivated.
NQDC Plan financial
"The vesting of RSUs is subject to satisfaction of the vesting conditions under the Company's NQDC Plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Alan D. Gold report for IIPR on June 19, 2026?
Alan D. Gold reported receiving 33,960 restricted stock units in Innovative Industrial Properties common stock. These RSUs are a compensation grant and do not reflect an open‑market stock purchase or sale, but they increase his potential future equity exposure if vesting conditions are met.
How do Alan D. Gold’s new RSUs in IIPR vest over time?
The 33,960 RSUs vest in three equal installments on January 1, 2027, January 1, 2028, and January 1, 2029. Vesting requires Gold to remain a non‑employee director or employee and satisfy conditions under the company’s nonqualified deferred compensation plan.
What are Alan D. Gold’s reported common stock holdings in IIPR after this Form 4?
After the reported positions, Gold directly holds 213,308 shares of Innovative Industrial Properties common stock. He also has indirect ownership of 2,600 shares via an irrevocable trust and 58,500 shares via a spousal lifetime access trust associated with his family.
What additional equity awards in IIPR does Alan D. Gold hold besides the 2026 RSUs?
Gold holds multiple RSU awards tied to Innovative Industrial Properties common stock, including 45,438 RSUs from 2025, 38,124 from 2024, 31,566 from 2023, 16,218 from 2022, 12,612 from 2021, and 15,978 from 2020, all subject to their respective vesting terms.