Intrepid Potash (NYSE: IPI) GC gets stock grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intrepid Potash General Counsel Christina Sheehan received an equity award and related tax withholding was recorded. She was granted 3,952 shares of common stock as restricted stock, with the award vesting in three equal annual installments beginning on March 17, 2027, subject to her continued employment with the company.
To cover tax withholding obligations upon vesting of equity awards, 1,354 shares of common stock were withheld by the issuer at a price of $41.94 per share. After these transactions, Sheehan directly holds 28,187 shares of Intrepid Potash common stock. The grant is compensation-related and the withholding is not an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sheehan Christina
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,952 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,354 | $41.94 | $57K |
Holdings After Transaction:
Common Stock — 29,541 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 Intrepid Potash (IPI) report for Christina Sheehan?
Intrepid Potash reported that General Counsel Christina Sheehan received a grant of 3,952 restricted shares of common stock. She also had 1,354 shares withheld by the company to satisfy tax obligations related to vesting of equity awards.
Was Christina Sheehan’s Intrepid Potash (IPI) stock grant an open-market purchase?
No, the 3,952 shares reported for Christina Sheehan were granted as restricted stock, not bought on the open market. The Form 4 describes this as a grant or award acquisition, reflecting compensation rather than a discretionary market purchase.