Ingold Cris 4

What Happened

• Cris Ingold, Chief Accounting Officer of Intrepid Potash, reported the conversion/exercise of performance-based restricted stock units (PSUs) into common shares on June 4, 2026. The filing shows 122 shares issued on conversion (exercise price $0.00). To cover tax withholding, 36 shares were surrendered to the issuer at $37.18 per share, a withholding value of $1,338. No cash was paid to exercise the PSUs.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (timely).
• Conversion/exercise entries: 122 shares acquired (derivative conversion) at $0.00; 36 shares withheld/disposed for tax withholding at $37.18 ($1,338).
• Shares owned after transaction: not provided in the excerpt.
• Footnotes: F1–F3 indicate these were PSUs granted March 17, 2025, earned based on absolute total stockholder return (aTSR) and reported at the maximum achievement level; earned PSUs have additional time-vesting (one-half vests immediately, the remainder vests one year after the aTSR threshold is met). F2 explains shares were withheld to satisfy tax withholding.
• Transaction codes: M = exercise/conversion of derivative (PSU conversion); F = shares withheld to cover tax withholding.

Context

• These entries reflect the conversion/settlement of performance RSUs (PSUs), not an open-market purchase or sale of existing shares; the withholding of shares for taxes is a routine administrative step and does not necessarily signal buying or selling intent. The PSUs are performance-contingent (based on aTSR through March 17, 2029) and have additional time-based vesting as noted above.