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Intrepid Potash (IPI) CAO records PSU vesting and tax share withholding

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

Rhea-AI Filing Summary

Intrepid Potash, Inc. Chief Accounting Officer Cris Ingold reported routine equity compensation activity tied to performance-based restricted stock units (PSUs). On June 4, 2026, 122 PSUs earned based on absolute total stockholder return converted into the same number of common shares. Of these, 36 shares were withheld by the company to cover tax obligations upon vesting, so Ingold effectively added 86 common shares. Following the transactions, Ingold holds 13,017 common shares directly and 734 PSUs that may be earned based on performance and additional time-vesting through March 17, 2029.

Positive

  • None.

Negative

  • None.

Insights

Routine PSU vesting with tax withholding; no open-market trading.

The filing shows performance RSUs (PSUs) vesting into 122 common shares based on absolute total stockholder return targets. This is standard incentive compensation rather than a discretionary market purchase or sale.

To satisfy tax obligations, 36 shares were withheld by the issuer, a non-market F-code disposition that does not signal a view on the stock. The net result is 86 additional common shares held and 734 PSUs remaining, which can be earned if performance and time-vesting conditions are met through March 17, 2029.

Since there were no open-market buys or sells and the net share change is small relative to typical insider positions, this event is best viewed as routine compensation administration rather than a thesis-changing development.

Insider Ingold Cris
Role Chief Accounting Officer
Type Security Shares Price Value
Exercise Performance Restricted Stock Unit 122 $0.00 --
Exercise Common Stock 122 $0.00 --
Tax Withholding Common Stock 36 $37.18 $1K
Holdings After Transaction: Performance Restricted Stock Unit — 734 shares (Direct, null); Common Stock — 13,017 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.
PSUs converted to common 122 shares Earned PSUs converted into common stock on June 4, 2026
Shares withheld for taxes 36 shares at $37.18 Withheld by issuer to cover tax obligations upon PSU vesting
Net common shares added 86 shares PSU conversion minus tax-withheld shares
Common shares held after 13,017 shares Direct ownership following June 4, 2026 transactions
PSUs remaining outstanding 734 units Performance RSUs still eligible to earn shares
PSU conversion price $0.00 Conversion of PSUs into common stock at no cash exercise price
PSU performance period end March 17, 2029 aTSR performance can be measured on or prior to this date
Performance Restricted Stock Unit financial
"security_title: "Performance Restricted Stock Unit""
absolute total stockholder return financial
"earned based on 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"
time-vesting financial
"Earned PSU's are subject to additional time-vesting, with one-half vesting immediately"
Time-vesting is a schedule that gives someone the right to a stock option, restricted share, or other award gradually over a set period rather than all at once; the recipient only “earns” portions of the grant as time passes. For investors, time-vesting matters because it affects when new shares can enter the market, how long employees have incentives to stay and perform, and the timing of potential dilution or insider selling—think of it like receiving paychecks of ownership instead of a lump-sum grant.
contingent right financial
"Each PSU represents the contingent right to receive one share"
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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*
Ingold Cris

(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)
Chief Accounting Officer
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 Stock06/04/2026M122(1)A$0.000013,017D
Common Stock06/04/2026F36(2)D$37.1812,981D
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$0.000006/04/2026M122 (3)03/17/2029Common Stock122$0.0000734D
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 Sheehan, as attorney-in-fact06/08/2026
** 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)