Intrepid Potash counsel exercises performance stock units
Intrepid Potash, Inc. reported that General Counsel Christina Sheehan exercised performance-based restricted stock units on July 25, 2026.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Intrepid Potash, Inc. reported that General Counsel Christina Sheehan exercised performance-based restricted stock units on July 25, 2026. She converted 299 PSUs into 299 shares of common stock, while 87 shares were withheld by the issuer to satisfy tax obligations. Following the conversion, 1,487 PSUs tied to absolute total stockholder return (aTSR) remain outstanding and subject to time-vesting conditions.
Insider Trade Summary
299 shares exercised/converted
Exercise
3 txns
Insider
Sheehan Christina
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Unit F3 | 299 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 299 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 87 | $34.22 | $3K |
Holdings After Transaction:
Performance Restricted Stock Unit — 1,487 contracts (Direct);
Common Stock — 28,609 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. Represents shares withheld by the issuer to cover the tax witholding obligations upon vesting of PSUs.
- F3. Each PSU represents the contingent right to receive one share of the issuer's 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.
Key Figures
PSUs converted: 299 units
Common shares acquired: 299 shares
Shares withheld for taxes: 87 shares
+3 more
6 metrics
PSUs converted
299 units
Performance Restricted Stock Units exercised on July 25, 2026
Common shares acquired
299 shares
Common stock received upon PSU exercise on July 25, 2026
Shares withheld for taxes
87 shares
Issuer withheld shares to satisfy tax obligations on PSU vesting
Tax withholding price
$34.22 per share
Price applied to shares withheld under transaction code F
Remaining PSUs
1,487 units
Performance Restricted Stock Units remaining after this exercise
PSU performance period end
March 17, 2029
Date through which aTSR performance can be measured for PSUs
Key Terms
Performance Restricted Stock Unit, absolute total stockholder return (aTSR), time-vesting, tax withholding obligations
4 terms
Performance Restricted Stock Unit financial
"Represents shares earned upon achievement of certain levels of absolute total stockholder return under Performance Restricted Stock Units"
absolute total stockholder return (aTSR) financial
"The PSUs are earned based on certain levels of absolute total stockholder return (aTSR) on or prior to March 17, 2029"
time-vesting financial
"Earned PSU's are subject to additional time-vesting, with one-half vesting immediately and the remaining one-half vesting later"
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.
tax withholding obligations financial
"Represents shares withheld by the issuer to cover the tax witholding obligations upon vesting of PSUs"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transaction did Intrepid Potash (IPI) report for Christina Sheehan?
Intrepid Potash reported that General Counsel Christina Sheehan exercised performance-based PSUs, converting 299 units into common stock. As part of the vesting event, 87 of the resulting shares were withheld by the issuer to cover associated tax obligations.
What performance conditions govern Christina Sheehan’s PSUs at Intrepid Potash (IPI)?
Each PSU represents a right to one share of common stock, earned based on absolute total stockholder return (aTSR) through March 17, 2029. Earned PSUs then follow time-vesting: half vest immediately and the remaining half one year after the aTSR threshold is achieved.
How many performance RSUs remain outstanding for Christina Sheehan at Intrepid Potash (IPI)?
After this transaction, 1,487 Performance Restricted Stock Units remain credited to Christina Sheehan. These PSUs continue to be reported at the maximum aTSR achievement level and are still subject to the specified performance and time-vesting conditions through March 17, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
