Intrepid Potash CEO exercises PSUs, covers taxes

Intrepid Potash, Inc. chief executive Kevin S. Crutchfield reported routine equity award activity.

Rhea-AI Filing Summary

Intrepid Potash, Inc. chief executive Kevin S. Crutchfield reported routine equity award activity. He exercised performance-based restricted stock units into 1,864 shares of common stock and, in a separate transaction, 690 shares were withheld by the company to cover tax obligations upon vesting of these equity awards.

Insider Trade Summary

1,864 shares exercised/converted

Exercise 3 txns

Insider Crutchfield Kevin S

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Performance Restricted Stock Unit	1,864	$0.00	$0.00
Exercise	Common Stock	1,864	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	690	$42.63	$29K

Holdings After Transaction: Performance Restricted Stock Unit — 16,779 contracts (Direct); Common Stock — 107,089 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 December 2, 2024. See footnote 2 below.
2. F2. Each PSU represents the contingent right to receive one share of the issue'rs 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 December 31 , 2028. Earned PSUs are subject to additional time-based vesting in three equal installments on the first three anniversaries of the grant date. The PSUs are reported at the maximum level of aTSR achievement.
3. F3. Represents shares withheld by the issuer to cover the tax witholding obligations upon vesting of equity awards.

Key Figures

PSU exercise: 1,864 shares Tax-withholding shares: 690 shares Tax-withholding price: $42.63 per share +3 more

6 metrics

PSU exercise 1,864 shares Common Stock received from Performance Restricted Stock Units on May 14, 2026

Tax-withholding shares 690 shares Common Stock withheld to cover tax obligations on May 14, 2026

Tax-withholding price $42.63 per share Value used for 690-share tax-withholding disposition

Common shares held 107,089 shares Direct common stock holdings following the tax-withholding transaction

PSUs held after transaction 16,779 units Performance Restricted Stock Units outstanding after PSU-related transaction

PSU expiration date December 31, 2028 End date for performance measurement and vesting conditions on PSUs

Key Terms

Performance Restricted Stock Unit, absolute total stockholder return (aTSR), contingent right, tax witholding obligations, +1 more

5 terms

Performance Restricted Stock Unit financial

"security_title: "Performance Restricted Stock Unit""

absolute total stockholder return (aTSR) financial

"earned based on certain levels of absolute total stockholder return (aTSR)"

contingent right financial

"Each PSU represents the contingent right to receive one share"

tax witholding obligations financial

"Represents shares withheld by the issuer to cover the tax witholding obligations"

time-based vesting financial

"Earned PSUs are subject to additional time-based vesting in three equal installments"

Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Kevin Crutchfield reported PSU vesting and related tax withholding. He exercised 1,864 Performance Restricted Stock Units into common shares and had 690 shares withheld by Intrepid Potash to satisfy tax obligations tied to the vesting of these equity awards.

Did Intrepid Potash (IPI) CEO Kevin Crutchfield make an open-market sale or purchase?

The filing does not show any open-market buy or sell. Reported transactions are an option-like PSU exercise for 1,864 shares and a 690-share tax-withholding disposition, both tied to equity award vesting rather than discretionary market trading.

How many Intrepid Potash (IPI) shares were withheld for CEO tax obligations?

A total of 690 common shares were withheld for taxes. These shares were retained by Intrepid Potash to cover Kevin Crutchfield’s tax obligations arising from the vesting of equity awards, instead of being sold on the open market.

What are the terms of the Intrepid Potash (IPI) performance restricted stock units?

Each PSU converts into one share upon meeting performance and time conditions. The PSUs vest based on absolute total stockholder return on or before December 31, 2028, then continue to vest in three equal annual installments from the December 2, 2024 grant date.

How many performance restricted stock units does the Intrepid Potash (IPI) CEO hold after this filing?

The filing shows 16,779 performance restricted stock units after the transaction. These PSUs, linked to absolute total stockholder return performance through December 31, 2028, represent additional potential future common shares if required vesting conditions are met.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/18/2026 - 06:15 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/14/2026		M		1,864(1)	A	$0(2)	107,779	D
Common Stock	05/14/2026		F		690(3)	D	$42.63	107,089	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Restricted Stock Unit	(2)	05/14/2026		M			1,864	(2)	12/31/2028	Common Stock	1,864	$0.0000	16,779	D

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 December 2, 2024. See footnote 2 below.

2. Each PSU represents the contingent right to receive one share of the issue'rs 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 December 31 , 2028. Earned PSUs are subject to additional time-based vesting in three equal installments on the first three anniversaries of the grant date. The PSUs are reported at the maximum level of aTSR achievement.

3. Represents shares withheld by the issuer to cover the tax witholding obligations upon vesting of equity awards.

	/s/ Christina Sheehan, as attorney-in-fact	05/18/2026
	** Signature of Reporting Person	Date
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)