Intrepid Potash (NYSE: IPI) GC covers tax withholding with shares
Rhea-AI Filing Summary
Intrepid Potash General Counsel Christina Sheehan reported a routine insider transaction where 1,707 shares of common stock were withheld by the company at $45.26 per share to cover tax obligations triggered by the vesting of equity awards.
These shares were not sold on the open market but used to satisfy tax withholding requirements. After this transaction, Sheehan directly owns 25,589 shares of Intrepid Potash common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,707 shares
Net Sell
1 txn
Insider
Sheehan Christina
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,707 | $45.26 | $77K |
Holdings After Transaction:
Common Stock — 25,589 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the issuer to cover the tax withholding obligations upon vesting of equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Intrepid Potash (IPI) report for Christina Sheehan?
Intrepid Potash General Counsel Christina Sheehan reported a tax-related share disposition. The company withheld 1,707 common shares upon vesting of equity awards to satisfy tax obligations, rather than executing an open-market sale of those shares.
Was the Intrepid Potash (IPI) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 1,707 shares were withheld by Intrepid Potash to cover tax liabilities when equity awards vested, a common administrative mechanism rather than a discretionary sale into the market.
What does the tax-withholding code F mean in the Intrepid Potash (IPI) insider filing?
Code F indicates a tax-withholding disposition. In this case, Intrepid Potash used 1,707 of Christina Sheehan’s vested shares, valued at $45.26 each, to cover her tax obligations instead of requiring a separate cash payment for those taxes.