Crutchfield Kevin S 4

What Happened

• Kevin S. Crutchfield, CEO of Intrepid Potash, had 1,864 shares report as acquired on 2026-05-14 through conversion/exercise of performance-based restricted stock units (PSUs) (derivative code M). No cash was paid (exercise price $0.00). To cover tax withholding, 690 of those shares were withheld (code F) at an implied value of $42.63 per share, totaling $29,415. Net shares received on this vesting event were 1,174.

Key Details

• Transaction date: 2026-05-14; Form 4 filed 2026-05-18 (timely).
• Acquisition: 1,864 shares via PSU conversion/exercise (exercise price $0.00).
• Withholding: 690 shares withheld to satisfy tax obligations; recorded disposal value $29,415 at $42.63/share.
• Net shares delivered to insider: 1,174 (1,864 acquired − 690 withheld).
• Footnotes: PSUs were earned based on absolute total stockholder return (aTSR) and are reported at the maximum aTSR achievement (see footnotes F1–F3). Earned PSUs remain subject to additional time-based vesting in three equal installments on the first three anniversaries of the grant date.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• This was not an open-market purchase or sale but the vesting/conversion of performance-restricted stock units. The withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in insider sentiment.