Every Form 4 that Innovative Indus (IIPR) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow IIPR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IIPR filings page.
INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) director Bruce Alan Ives reported an open-market purchase of company common stock. On 2026-08-31, he bought 528 shares at $56.70 per share. Following this transaction, his directly held position increased to 3,180 common shares. The transaction was not reported as made under a Rule 10b5-1 trading plan.
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.
Smith David Jon reported acquisition or exercise transactions in this Form 4 filing.
Innovative Industrial Properties CFO David Jon Smith reported a compensation-related equity award and updated holdings. On June 19, 2026, he received a grant of 9,219 shares of common stock as restricted stock at $0.00 per share, with one-third scheduled to vest on each of January 1, 2027, January 1, 2028, and January 1, 2029, subject to continued service.
After this grant, he directly holds 32,801 shares of common stock. He also holds outstanding restricted stock units from prior years representing 9,110, 10,893, and 13,080 underlying shares of common stock, which vest over schedules tied to the company’s NQDC Plan. The filing shows no open-market purchases or sales, only awards and continuing equity holdings.
Smithers Paul E. reported acquisition or exercise transactions in this Form 4 filing.
Innovative Industrial Properties reported that President and CEO Paul E. Smithers received a grant of 22,299 shares of common stock as equity compensation. Following this award, he holds 172,876 shares of common stock directly.
The filing also shows 6,654 restricted stock units (RSUs) from a 2021 grant, each representing the right to receive one share of common stock upon vesting. One-third of the newly granted restricted shares will be released from forfeiture on each of January 1, 2027, January 1, 2028, and January 1, 2029, if he remains an employee or non-employee director and meets plan vesting conditions.
Ives Bruce Alan reported acquisition or exercise transactions in this Form 4 filing.
Innovative Industrial Properties director Bruce Alan Ives received a grant of 2,652 shares of Common Stock as restricted stock. The award carries no purchase price and increases his directly owned holdings to 2,652 shares.
All 2,652 restricted shares are subject to forfeiture and are scheduled to be released on June 9, 2027, provided he continues to serve as a non-employee director or employee of Innovative Industrial Properties, Inc. through that date.
Shoemaker Scott reported acquisition or exercise transactions in this Form 4 filing.
Innovative Industrial Properties director Scott Shoemaker received a new equity grant in the form of restricted stock units. On June 9, 2026, he was awarded 2,652 Restricted Stock Units 2026, each representing the right to receive one share of common stock upon vesting.
All of these RSUs are subject to forfeiture restrictions and vesting conditions under the company’s Nonqualified Deferred Compensation Plan, with release from forfeiture scheduled for June 9, 2027 if he remains a director or employee. The filing also shows existing direct holdings of 2,611 common shares and several earlier RSU awards, such as 2,796 underlying shares from the 2025 RSU grant.
Boyle David Gerard reported acquisition or exercise transactions in this Form 4 filing.
Innovative Industrial Properties director David Gerard Boyle reported an equity award. He received 2,652 restricted stock units (RSUs), each representing a contingent right to one share of the company’s common stock upon vesting.
The RSUs are scheduled to vest on June 9, 2027, if he continues as a non-employee director or employee and meets vesting conditions under the company’s Nonqualified Deferred Compensation Plan. Following these transactions, he directly holds 2,951 shares of common stock, in addition to the RSU award.
Innovative Industrial Properties director Scott Shoemaker reported the vesting of equity awards and resulting share ownership changes. On January 2, 2026, 911 restricted stock units from a 2020 grant converted into 911 shares of common stock at an exercise price of $0. Following this transaction, Shoemaker directly owns 2,611 shares of common stock. He also continues to hold several other restricted stock unit awards from 2021–2025, which each represent the right to receive one share of common stock upon vesting and remain subject to the company’s Nonqualified Deferred Compensation Plan vesting conditions, including a forfeiture release date of June 11, 2026 for certain RSUs.
Innovative Industrial Properties President and CEO Paul E. Smithers reported an equity award of 47,643 shares of common stock on January 20, 2026. The filing describes this as a grant of restricted stock, with one-third of the shares scheduled to be released from forfeiture on each of January 1, 2027, January 1, 2028, and January 1, 2029, if he remains a non-employee director or employee of the company on those dates.
Following this award, Smithers beneficially owned 150,577 shares of common stock directly. The filing also shows 6,654 restricted stock units outstanding, each representing the contingent right to receive one share of common stock upon vesting, subject to conditions under the company’s Nonqualified Deferred Compensation Plan.
Innovative Industrial Properties executive chairman Alan D. Gold reported a grant of 66,702 restricted stock units on January 20, 2026. Each RSU 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, contingent on his continued service and satisfaction of conditions under the Company’s nonqualified deferred compensation plan.
Following this grant, Gold also reports existing direct holdings of common stock and RSUs from prior award years, as well as indirect common stock holdings through a Spousal Lifetime Access Trust for the benefit of his spouse and adult child and through an irrevocable trust for the benefit of his adult child.
Innovative Industrial Properties CFO and Treasurer David Jon Smith reported receiving a grant of 20,061 shares of common stock on January 20, 2026, recorded at a price of $0.00 per share as an equity award. After this grant, he beneficially owns 23,582 shares of the company’s common stock in direct form.
According to the footnotes, this award is restricted stock, with one-third of the shares scheduled to be released from forfeiture on each of January 1, 2027, January 1, 2028, and January 1, 2029, subject to his continued service with the company. Smith also holds restricted stock units from prior years, covering 13,080 shares from 2023, 10,893 shares from 2024, and 9,110 shares from 2025, each tied to service-based vesting under the company’s NQDC Plan.
Innovative Industrial Properties, Inc. reported that its VP and Chief Accounting Officer, Andy Bui, received a grant of 6,522 shares of common stock on January 20, 2026. The filing shows this as an acquisition at a price of $0.00 per share, reflecting a restricted stock award rather than an open-market purchase.
According to the terms, one-third of the restricted shares will be released from forfeiture on each of January 1, 2027, January 1, 2028 and January 1, 2029, if Bui remains a non-employee director or employee on those dates. After this grant, he beneficially owns 16,186 common shares, held directly.
Innovative Industrial Properties reported an insider equity transaction by its President, CEO and Director, Paul E. Smithers, for Form 4 purposes. On 01/02/2026, 10,653 shares of common stock were acquired through the settlement of previously granted restricted stock units at an exercise price of $0, increasing his directly held shares before tax settlement. On the same date, 5,169 shares were withheld at a price of $49.47 to cover tax liabilities related to this vesting. After these transactions, he directly owned 102,934 shares of common stock. A 2020 RSU award for 10,653 shares was fully settled, while a 2021 RSU award covering 6,654 shares remained outstanding and subject to vesting conditions under the company’s Nonqualified Deferred Compensation Plan.
Innovative Industrial Properties Inc. reported an insider equity transaction by its President, CEO and Director relating to restricted stock vesting. On 01/01/2026, the reporting person had 10,983 shares of common stock withheld and forfeited to the company to cover tax liabilities, at a price of $47.36 per share. After this tax-withholding transaction, the insider directly beneficially owned 97,450 shares of common stock.
The filing also discloses derivative holdings in the form of restricted stock units. These include RSUs from 2020 covering 10,653 shares of common stock and RSUs from 2021 covering 6,654 shares. Each RSU represents the right to receive one share of common stock upon vesting at an exercise price of $0, with vesting subject to conditions under the company’s Nonqualified Deferred Compensation Plan.
Innovative Industrial Properties reported an insider equity transaction by its VP and Chief Accounting Officer. On 01/01/2026, the officer forfeited 1,204 shares of common stock at $47.36 per share, coded as an F transaction, which indicates shares withheld to cover tax obligations upon vesting of restricted stock. Following this tax-related forfeiture, the officer beneficially owns 9,664 shares of common stock directly.
Innovative Industrial Properties, Inc. reported a Form 4 transaction for its CFO and Treasurer involving restricted stock units and related share withholding on 01/01/2026. The officer acquired 4,555 shares of common stock at $0 through the settlement of restricted stock units, then had 1,634 shares withheld at $47.36 to cover tax liabilities, leaving 3,521 common shares held directly.
The filing also details several restricted stock unit awards. One 2025 award covers 4,555 shares, with one-third scheduled to vest on each of January 1, 2026, 2027 and 2028, and 9,110 RSUs remaining subject to vesting conditions under the company’s Nonqualified Deferred Compensation Plan. Separate 2023 and 2024 RSU grants for 13,080 and 10,893 shares have vesting spread over January 1 dates in 2024, 2025, 2026 and 2027, conditioned on continued service.
Innovative Industrial Properties Inc. director reports ongoing stock accumulation through dividend reinvestment. A board member of Innovative Industrial Properties Inc. has been regularly acquiring small amounts of the company’s common stock since 04/16/2020 via automatic purchases tied to dividend payments.
The most recent transaction on 10/15/2025 shows the acquisition of 1,839.0782 shares of common stock at a price of $55.28 per share. After this and prior similar transactions, the reporting person directly beneficially owns a total of 63,108.7176 shares of Innovative Industrial Properties Inc. common stock. According to the footnote, these shares are acquired through reinvestment of dividends under an automatic dividend reinvestment plan with the reporting person’s broker.
Innovative Industrial Properties (IIPR) disclosed that Executive Chairman and director Alan D. Gold reported a purchase of common stock. On 11/24/2025, a trust for the benefit of his adult child bought 2,600 IIPR common shares at $49.09 per share, and now holds 2,600 shares indirectly. Following this transaction, Gold reports 213,308 shares held directly and 58,500 shares held indirectly through a spousal lifetime access trust.
Gold also reports several grants of restricted stock units (RSUs) with a $0 exercise price. These RSUs cover different award years and each unit represents the right to receive one IIPR common share upon vesting. The awards generally vest in one‑third increments on specified January 1 dates from 2023 through 2028, provided Gold remains a non‑employee director or employee and the vesting conditions under the company’s Nonqualified Deferred Compensation Plan are satisfied.
Innovative Industrial Properties, Inc. (IIPR) reported insider activity by its executive chairman and director. On 11/19/2025, a Spousal Lifetime Access Trust (SLAT) for his family bought 1,000 shares of common stock at $46.26, and on 11/20/2025 the SLAT bought another 1,000 shares at $45.695. After these trades, the SLAT held 58,500 shares indirectly for the insider, while he also held 213,308 shares directly.
The insider also reported multiple restricted stock unit (RSU) awards with a conversion price of $0, covering 16,218 (2022 grant), 31,566 (2023), 38,124 (2024), 45,438 (2025), 12,612 (2021), and 15,978 (2020) underlying shares of common stock. These RSUs vest in one‑third annual installments on January 1 of specified years, as long as the insider remains a director or employee and satisfies the conditions of the company’s Nonqualified Deferred Compensation Plan.
Innovative Industrial Properties, Inc. (IIPR) reported an insider transaction by its CFO and Treasurer on a Form 4. On 11/20/2025, the reporting person purchased 600 shares of common stock in an open-market transaction at a price of $45.90 per share, and now beneficially owns 600 common shares directly.
The filing also lists existing equity awards in the form of restricted stock units (RSUs). These include 13,080 RSUs from 2023, 10,893 RSUs from 2024, and 13,665 RSUs from 2025, each representing the right to receive one share of common stock upon vesting. Vesting occurs in annual one-third installments on specific January 1 dates between 2024 and 2028, subject to continued service and vesting conditions under the company’s Nonqualified Deferred Compensation Plan.