INNOVATIVE INDUSTRIAL PROPERTIES, INC. PERFORMANCE SHARE UNIT AWARD GRANT NOTICE AND PERFORMANCE SHARE UNIT AWARD AGREEMENTPerformance Share Unit Award Agreement • January 12th, 2022 • Innovative Industrial Properties Inc • Real estate • Maryland
Innovative Industrial Properties, Inc., a Maryland corporation (the “Company”), pursuant to its 2016 Omnibus Incentive Plan (the “Plan”), hereby grants to the individual listed below (“Participant”) an award of performance share units (the “Units”) with respect to the number of shares of common stock of the Company (the “Shares”) set forth below. This award (this “Award”) is subject to all of the terms and conditions as set forth herein, in the Performance Share Unit Award Agreement attached hereto as Exhibit A (the “Performance Share Unit Agreement”) and in the Plan, which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in this Grant Notice and the Performance Share Unit Agreement shall have the same defined meanings specified in the Plan.
