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Intrepid Potash (IPI) General Counsel exercises PSUs; shares withheld for tax obligations

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Intrepid Potash General Counsel Christina Sheehan exercised Performance Restricted Stock Units that were earned based on absolute total stockholder return and converted into 297 shares of common stock. To cover tax obligations at vesting, 87 shares were withheld by the company, and Sheehan now holds 28,397 common shares directly. These transactions reflect routine equity compensation vesting and related tax withholding rather than open-market buying or selling.

Positive

  • None.

Negative

  • None.
Insider Sheehan Christina
Role General Counsel
Type Security Shares Price Value
Exercise Performance Restricted Stock Unit 297 $0.00 --
Exercise Common Stock 297 $0.00 --
Tax Withholding Common Stock 87 $37.18 $3K
Holdings After Transaction: Performance Restricted Stock Unit — 1,786 shares (Direct, null); Common Stock — 28,484 shares (Direct, null)
Footnotes (1)
  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. Represents shares withheld by the issuer to cover the tax witholding obligations upon vesting of PSUs. 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 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.
Common shares acquired via PSU exercise 297 shares PSU exercise on 2026-06-04
Shares withheld for taxes 87 shares Tax-withholding disposition on 2026-06-04
Direct common shares after transactions 28,397 shares Holdings following 2026-06-04 activity
Tax withholding reference price $37.18 per share Price used for 87-share tax-withholding entry
PSU grant vesting horizon March 17, 2029 aTSR performance measurement period end for PSUs
Performance Restricted Stock Unit financial
"security_title: "Performance Restricted Stock Unit""
absolute total stockholder return (aTSR) financial
"earned upon achievement of certain levels of absolute total stockholder return (aTSR)"
tax withholding obligations financial
"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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Form 4 Insider Transactions: What Each Field Means →
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*
Sheehan Christina
(Last)(First)(Middle)
C/O INTREPID POTASH, INC.
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026		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 Stock06/04/2026M297(1)A$0.000028,484D
Common Stock06/04/2026F87(2)D$37.1828,397D
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$0.000006/04/2026M297 (3)03/17/2029Common Stock297$0.00001,786D
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 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 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 Sheehan06/08/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Intrepid Potash (IPI) executive Christina Sheehan report in this Form 4?

Christina Sheehan reported the vesting and exercise of Performance Restricted Stock Units into 297 common shares. The filing also shows 87 shares withheld to pay tax obligations and 28,397 common shares held directly afterward, indicating compensation-related activity rather than open-market trading.

How many Intrepid Potash (IPI) shares were involved in Christina Sheehan’s recent equity transactions?

The filing shows 297 shares of Intrepid Potash common stock acquired through the exercise of Performance Restricted Stock Units. Of these, 87 shares were withheld by the issuer for tax obligations, and Sheehan’s direct common stock holdings following the transactions total 28,397 shares.

Were Christina Sheehan’s Intrepid Potash (IPI) transactions open-market buys or sells?

No, the transactions were not open-market trades. They involved exercising Performance Restricted Stock Units into 297 common shares and a tax-withholding disposition of 87 shares, which the issuer retained to satisfy tax obligations associated with the vesting event.

What type of equity award did Christina Sheehan exercise at Intrepid Potash (IPI)?

Sheehan exercised Performance Restricted Stock Units tied to absolute total stockholder return (aTSR). Each PSU represented a contingent right to one share of common stock, earned based on aTSR performance and subject to additional time-vesting conditions through March 17, 2029, per the award footnotes.

How are Christina Sheehan’s Performance Restricted Stock Units at Intrepid Potash (IPI) structured?

Each PSU represents a contingent right to receive one common share, earned based on specified levels of absolute total stockholder return on or before March 17, 2029. Earned PSUs then time-vest, with half vesting immediately and the remaining half vesting one year after the aTSR threshold is achieved.

What does the tax withholding in Christina Sheehan’s Intrepid Potash (IPI) Form 4 represent?

The 87-share disposition represents shares withheld by Intrepid Potash to cover Sheehan’s tax obligations when the PSUs vested. This payment of tax liability by delivering securities is coded as an F transaction and does not reflect a discretionary open-market sale of stock.