Intrepid Potash (IPI) Director Chris A. Elliott Receives Award

What Happened

• Chris A. Elliott, a director of Intrepid Potash, received an award of 2,091 restricted common shares on 2026-05-28. The grant price was $0.00 (no cash paid); the reported total cash value is $0. This was an equity compensation grant (Form 4 transaction code A), not an open-market purchase.

Key Details

• Transaction date: 2026-05-28; Form 4 filed: 2026-06-01 (filed within the two-business-day SEC deadline)
• Shares granted: 2,091 restricted shares; per-share price reported: $0.00; total cash consideration: $0
• Vesting: The restricted stock vests in full on May 28, 2027, subject to Elliott’s continued service through the vesting date (footnote F1)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Transaction type: Award/Grant (code A); not a purchase or sale — compensation-related

Context

• This grant is a standard restricted stock award for a director and will only convert to unrestricted shares if vesting conditions are met. Such awards reflect compensation arrangements rather than an immediate open-market investment by the insider and should be interpreted accordingly.