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Intrepid Potash (IPI) CEO converts PSUs, withholds 755 shares for taxes

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Intrepid Potash, Inc. Chief Executive Officer Kevin S. Crutchfield exercised 2,039.0000 Performance Restricted Stock Units on July 25, 2026, receiving the same number of common shares at $0.0000 per share. The issuer withheld 755.0000 shares at $34.2200 per share to cover tax obligations, and 10,193.0000 PSUs remain outstanding, earned based on absolute total stockholder return (aTSR) and subject to additional time-vesting conditions.

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Negative

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Insider Crutchfield Kevin S
Role Chief Executive Officer
Type Security Shares Price Value
Exercise Performance Restricted Stock Unit F3 2,039 $0.00 $0.00
Exercise Common Stock F1 2,039 $0.00 $0.00
Tax Withholding Common Stock F2 755 $34.22 $26K
Holdings After Transaction: Performance Restricted Stock Unit — 10,193 shares (Direct); Common Stock — 109,657 shares (Direct)
Footnotes (3)
  1. F1. Represents shares earned upon achievement of certain levels of absolute total stockholder return (aTSR) under Performance Restricted Stock Units ("PSUs") originally granted on March 17, 2025. See footnote 3 below.
  2. F2. Represents shares withheld by the issuer to cover the tax witholding obligations upon vesting of PSUs.
  3. F3. Each PSU represents the contingent right to receive one share of the issuer's common stock upon the applicable vesting conditions. The PSUs are earned based on certain levels of absolute total stockholder return (aTSR) on or prior to March 17, 2029. Earned PSU's are subject to additional time-vesting, with one-half of the earned PSUs vesting immediately and the remaining one-half vesting on the one-year anniversary of the date the PSU aTSR threshold was achieved. The PSUs are reported at the maximum level of aTSR achievement.
PSUs exercised 2039.0000 units Performance Restricted Stock Units converted to common stock on July 25, 2026
Common shares received 2039.0000 shares Shares of common stock issued upon PSU vesting and exercise at $0.0000 per share
Shares withheld for taxes 755.0000 shares Common shares withheld by the issuer to cover tax witholding obligations on PSU vesting
Tax withholding price $34.2200 per share Price used to value common shares withheld for tax obligations
PSUs remaining outstanding 10193.0000 units Performance Restricted Stock Units remaining after the reported exercise
Performance Restricted Stock Unit financial
"Represents shares earned upon achievement of certain levels ... under Performance Restricted Stock Units"
absolute total stockholder return (aTSR) financial
"earned based on certain levels of absolute total stockholder return (aTSR) on or prior to March 17, 2029"
tax witholding obligations financial
"Represents shares withheld by the issuer to cover the tax witholding obligations upon vesting of PSUs"
contingent right financial
"Each PSU represents the contingent right to receive one share of the issuer's common stock"

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FAQ

What insider equity transactions did Intrepid Potash (IPI) report for CEO Kevin Crutchfield?

Kevin S. Crutchfield exercised 2,039.0000 Performance Restricted Stock Units on July 25, 2026, receiving the same number of common shares at $0.0000 per share. The company withheld 755.0000 shares at $34.2200 per share to satisfy related tax obligations.

How many Intrepid Potash (IPI) shares were withheld for CEO Kevin Crutchfield’s taxes and at what value?

The issuer withheld 755.0000 common shares from Kevin S. Crutchfield at $34.2200 per share to cover tax witholding obligations upon vesting of PSUs. This disposition is reported under transaction code F for tax-liability payment.

What are the key terms of the Performance Restricted Stock Units reported by Intrepid Potash (IPI)?

Each PSU is a contingent right to one common share, earned based on absolute total stockholder return (aTSR) on or before March 17, 2029. Earned PSUs then time-vest: half immediately, and half on the one-year anniversary of the aTSR threshold achievement.

How many Performance Restricted Stock Units remain outstanding for Intrepid Potash (IPI) CEO Kevin Crutchfield?

After the reported transaction, 10,193.0000 PSUs remain outstanding for Kevin S. Crutchfield. These PSUs are reported at the maximum aTSR achievement level and remain subject to the specified aTSR performance targets and additional time-vesting conditions.

Were the reported Intrepid Potash (IPI) insider transactions made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote indicating use of a trading plan. The reported PSU exercise and tax withholding therefore are not identified as being executed under a Rule 10b5-1 plan.

Do the Intrepid Potash (IPI) transactions involve open-market buying or selling of shares?

The transactions reflect PSU vesting and tax withholding, not open-market purchases or sales. Code M reports a derivative exercise converting PSUs to common stock, and code F reports shares withheld by the issuer to pay tax liabilities.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Crutchfield Kevin S

(Last)(First)(Middle)
707 17TH STREET, SUITE 4200

(Street)
DENVER COLORADO 80202

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Intrepid Potash, Inc. [ IPI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/25/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/25/2026M2,039(1)A$0.0000110,412D
Common Stock07/25/2026F755(2)D$34.22109,657D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Restricted Stock Unit$0.000007/25/2026M2,039 (3)03/17/2029Common Stock2,039$0.000010,193D
Explanation of Responses:
1. Represents shares earned upon achievement of certain levels of absolute total stockholder return (aTSR) under Performance Restricted Stock Units ("PSUs") originally granted on March 17, 2025. See footnote 3 below.
2. Represents shares withheld by the issuer to cover the tax witholding obligations upon vesting of PSUs.
3. Each PSU represents the contingent right to receive one share of the issuer's common stock upon the applicable vesting conditions. The PSUs are earned based on certain levels of absolute total stockholder return (aTSR) on or prior to March 17, 2029. Earned PSU's are subject to additional time-vesting, with one-half of the earned PSUs vesting immediately and the remaining one-half vesting on the one-year anniversary of the date the PSU aTSR threshold was achieved. The PSUs are reported at the maximum level of aTSR achievement.
/s/ Christina Sheehan, as attorney-in-fact07/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)