Paul Smithers compensation by year
Innovative Industrial Properties Summary Compensation Table · all 9 fiscal years held| Component | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Salary | $350,000 | $360,000 | $400,000 | $420,000 | $840,000 | $924,000 | $1,016,400 | $1,067,000 | $1,120,350 |
| Bonus | $210,000 | $360,000 | $400,000 | $630,000 | $1,260,000 | $1,386,000 | $1,524,600 | $0 | $0 |
| Stock awards | $315,000 | $350,043 | $600,157 | $800,147 | $4,860,388 | $8,500,204 | $2,500,122 | $2,500,078 | $2,375,203 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,421,845 | $1,216,364 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| All other | $8,100 | $8,250 | $8,400 | $8,550 | $8,700 | $9,150 | $9,900 | $10,350 | $10,500 |
| Total | $883,100 | $1,078,293 | $1,408,557 | $1,858,697 | $6,969,088 | $10,819,354 | $5,051,022 | $4,999,273 | $4,722,417 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Innovative Industrial Properties, Inc. DEF 14A filed April 22, 2026, accession 0001628280-26-026588, and prior-year filings. Open the filing on EDGAR.
How this page was built: the Innovative Industrial Properties, Inc. filed document, accession 0001628280-26-026588. Every figure is read from that document and cited to the page and table it appears in. Filed April 22, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 58,127 | $2,752,895 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in Innovative Industrial Properties, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Insider transactions since the last proxy
1 Form 4 line since the FY2025 proxy (filed April 22, 2026)current to 2026-11-07 · updated nightly
| Date | Transaction | Plan | Shares | Price | Held after |
|---|---|---|---|---|---|
| 2026-06-19 | Grant or award | — | 22,299 | — | 172,876 |
The 1 most recent of 1 lines, each as reported on the Form 4. "10b5-1" marks a trade the filing reports under a pre-arranged trading plan. View every Form 4 filing on EDGAR →
Change-in-control & termination
estimated payments Innovative Industrial Properties discloses, by trigger · FY2025| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Involuntary termination without cause | $7,523,859 | $1,967,412 | $42,273 | $9,533,544 |
| Change in control and involuntary termination | $7,523,859 | $2,752,895 | $42,273 | $10,319,027 |
| Disability | $0 | $2,752,895 | $0 | $2,752,895 |
| Retirement | $0 | $2,752,895 | $0 | $2,752,895 |
| Death | $0 | $2,752,895 | $0 | $2,752,895 |
Per the Potential Payments Upon Termination or Change in Control table in Innovative Industrial Properties, Inc.'s FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.
Innovative Industrial Properties’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Alan Gold | Executive Chairman | $6,553,130 |
| Paul Smithers · this page | President and Chief Executive Officer | $4,722,417 |
| David Smith | Chief Financial Officer and Treasurer | $1,930,300 |
Board service
Innovative Industrial Properties board · FY2022–FY2025How this board is paid
Company policy: Innovative Industrial Properties pays directors a $75,000 cash retainer and $160,015 in RSUs. As stated in Innovative Industrial Properties's FY2025 proxy.
The full Innovative Industrial Properties compensation record
free company briefThis page is one person within Innovative Industrial Properties's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the Innovative Industrial Properties proxy · each links to its own free briefCompensation, the day it’s disclosed
The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order Innovative Industrial Properties's full Executive Compensation Report with peer benchmarking.
How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Innovative Industrial Properties's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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