Intrepid Potash (IPI) CFO granted multi-year restricted stock awards in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tremblay Jason reported acquisition or exercise transactions in this Form 4 filing.
Intrepid Potash, Inc. Chief Financial Officer Jason Tremblay reported equity compensation awards of common stock. He received a grant of 5,108 shares of restricted stock, bringing one direct holding account to 12,405 shares after the award. He also received a separate grant of 7,297 restricted shares, which are held directly.
The 5,108-share grant consists of restricted stock that vests on June 15, 2029, conditioned on his continued employment through each vesting date. The 7,297-share grant vests in three equal annual installments beginning on March 17, 2027, also subject to continued employment, reflecting long-term, service-based incentive compensation rather than open-market share purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tremblay Jason
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,297 | $0.00 | -- |
| Grant/Award | Common Stock | 5,108 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,297 shares (Direct, null)
Footnotes (1)
- Represents a grant of restricted stock that vests on June 15, 2029, subject to the reporting person's continued employment with the issuer through each vesting date. 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.
Key Figures
Restricted stock grant 1: 5,108 shares
Restricted stock grant 2: 7,297 shares
Shares after first grant: 12,405 shares
+2 more
5 metrics
Restricted stock grant 1
5,108 shares
Restricted common stock awarded to CFO; direct holding shows 12,405 shares after grant
Restricted stock grant 2
7,297 shares
Additional restricted common stock grant to CFO held directly
Shares after first grant
12,405 shares
Total common stock reported in one direct account following 5,108-share award
Vesting date grant 1
June 15, 2029
Restricted stock vests on this date, subject to continued employment
Vesting start grant 2
March 17, 2027
Second grant vests in three equal annual installments beginning on this date
Key Terms
restricted stock, vests, annual installments, continued employment
4 terms
restricted stock financial
"Represents a grant of restricted stock that vests on June 15, 2029"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vests financial
"grant of restricted stock that vests in three equal annual installments"
annual installments financial
"vests in three equal annual installments beginning on March 17, 2027"
continued employment financial
"subject to the reporting person's continued employment with the issuer"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
What did Intrepid Potash (IPI) CFO Jason Tremblay report on this Form 4?
Jason Tremblay reported receiving two restricted stock grants of Intrepid Potash common stock. One award covers 5,108 shares and another covers 7,297 shares, both structured as equity compensation rather than open-market purchases, aligning his interests with long-term company performance.
When do Jason Tremblay’s new Intrepid Potash (IPI) restricted stock awards vest?
One restricted stock grant vests on June 15, 2029, if employment conditions are met. The other vests in three equal annual installments starting March 17, 2027, with each installment contingent on the CFO’s continued employment with Intrepid Potash through the applicable vesting dates.
Are these Intrepid Potash (IPI) Form 4 transactions open-market buys or compensation grants?
These transactions are compensation-related grants, not open-market purchases. Both are coded as “A” for awards, with zero price per share, and described as restricted stock subject to multi‑year vesting and continued employment, typical of long-term incentive compensation programs.
What conditions apply to the Intrepid Potash (IPI) restricted stock granted to the CFO?
Both restricted stock grants require Jason Tremblay to remain employed by Intrepid Potash through each vesting date. The 5,108-share award vests in 2029, while the 7,297-share award vests in three annual installments beginning March 17, 2027, reinforcing retention incentives.