Form 4: Innovative Industrial Properties Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Andy Bui, VP and Chief Accounting Officer of Innovative Industrial Properties, sold shares to cover tax liabilities related to vesting restricted stock.
Summary
- On January 1, 2025, Andy Bui, VP, CHIEF ACCOUNTING OFFICER of Innovative Industrial Properties INC [IIPR], disposed of 672 shares of common stock to cover tax liabilities.
- The shares were sold at a price of $66.64.
- Following the transaction, Mr. Bui directly owns 6,083 shares of Innovative Industrial Properties INC.
Sentiment
Score: 5
Explanation: This is a routine transaction (Form 4 filing) related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders. They do not necessarily indicate a change in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Date of transaction: Andy Bui disposed of shares of common stock. |
| 01/06/2025 | Date of signature for the Form 4 filing. |
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