Intrepid Potash (NYSE: IPI) CEO gets 22,766 restricted shares; 3,297 withheld for taxes

Rhea-AI Filing Summary

Intrepid Potash, Inc. Chief Executive Officer Kevin S. Crutchfield received a grant of 22,766 shares of common stock as restricted stock. These shares vest in three equal annual installments beginning on March 17, 2027, contingent on his continued employment through each vesting date.

To satisfy tax withholding obligations on previously vesting equity awards, 3,297 shares of common stock were withheld by the company at a price of $41.94 per share. After these transactions, Crutchfield directly holds 105,915 shares of Intrepid Potash common stock.

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

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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)
03/17/2026

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	03/17/2026		A		22,766(1)	A	$0.0000	109,212	D
Common Stock	03/17/2026		F		3,297(2)	D	$41.94	105,915	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

Explanation of Responses:

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.

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

	/s/ Christina Sheehan, as attorney-in-fact	03/19/2026
	** 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)

FAQ

What did Intrepid Potash (IPI) CEO Kevin Crutchfield receive in this Form 4 filing?

Kevin Crutchfield received a grant of 22,766 shares of Intrepid Potash common stock as restricted stock. This award is part of his equity compensation and provides potential future ownership, subject to vesting over time and continued employment conditions.

How do the 22,766 restricted shares granted to IPI’s CEO vest over time?

The 22,766 restricted shares vest in three equal annual installments starting March 17, 2027. Each one-third portion vests on successive anniversaries, provided Kevin Crutchfield remains employed with Intrepid Potash through the relevant vesting date.

Why were 3,297 Intrepid Potash shares disposed of in this Form 4?

The 3,297 shares were withheld by Intrepid Potash to cover tax withholding obligations when equity awards vested. This is a non-market, tax-related disposition and does not represent an open-market sale by CEO Kevin Crutchfield for investment or trading purposes.

What is Kevin Crutchfield’s direct Intrepid Potash shareholding after these transactions?

Following the restricted stock grant and the tax withholding share disposition, Kevin Crutchfield directly holds 105,915 shares of Intrepid Potash common stock. This figure reflects his updated direct ownership position as reported in the Form 4 insider transaction filing.

Was the restricted stock grant to Intrepid Potash’s CEO made at a purchase price?

No, the 22,766 restricted shares were granted at a reported transaction price of $0.00 per share. This indicates a compensation-related equity award, not an open-market purchase where the executive pays cash to acquire the company’s common stock.

Does this Intrepid Potash Form 4 indicate any option exercises or derivative transactions?

The filing shows no derivative security exercises or conversions, and derivative transaction counts are zero. Activity is limited to a restricted stock grant classified as an acquisition and a tax-withholding share disposition, both involving Intrepid Potash common stock directly.