Intrepid Potash (NYSE: IPI) awards 1,897 restricted shares to its CAO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intrepid Potash, Inc. reported that Chief Accounting Officer Cris Ingold received a grant of 1,897 shares of common stock as restricted stock, awarded at no cash cost. The restricted shares vest in three equal annual installments beginning on March 17, 2027, conditioned on continued employment through each vesting date.
To cover tax withholding obligations upon vesting of equity awards, the issuer withheld 471 shares at a value of $41.94 per share. Following these transactions, Ingold directly holds 13,606 shares of Intrepid Potash common stock. The withholding is not an open-market sale but a tax payment mechanism.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ingold Cris
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,897 | $0.00 | -- |
| Tax Withholding | Common Stock | 471 | $41.94 | $20K |
Holdings After Transaction:
Common Stock — 14,077 shares (Direct)
Footnotes (1)
- Represents a grant of restricted stock that vests in three equal annual installments beginning on March 17, 2027, subject to the reporting person's continued employment with the issuer through each vesting date. Represents shares withheld by the issuer to cover the tax withholding obligations upon vesting of equity awards.
FAQ
What insider transaction did Cris Ingold report for Intrepid Potash (IPI)?
Cris Ingold reported receiving a grant of 1,897 shares of Intrepid Potash common stock. The award is structured as restricted stock, vests over three years, and was granted at no cash cost as part of equity compensation.
What is the vesting schedule for Cris Ingold’s new Intrepid Potash (IPI) restricted stock?
The 1,897 restricted shares vest in three equal annual installments beginning March 17, 2027. Each installment requires that Cris Ingold remain employed by Intrepid Potash through the relevant vesting date before the corresponding portion becomes fully owned.