Intrepid Potash (IPI) CEO Kevin Crutchfield Receives Award; Shares Withheld

What Happened
Kevin S. Crutchfield, CEO of Intrepid Potash, was credited with 2,039 shares on July 25, 2026 as the result of the conversion/settlement of performance restricted stock units (PSUs). To satisfy withholding for tax obligations, 755 of those shares were withheld (disposed) at a reported value of $34.22 per share, totaling $25,836. Net to Crutchfield after withholding: 1,284 shares issued to him.

Key Details

• Transaction date: July 25, 2026; Form 4 filed July 28, 2026 (file appears timely).
• Shares credited (conversion of PSUs): 2,039 shares at $0.00 (reported as an award/derivative conversion).
• Shares withheld for taxes: 755 shares disposed at $34.22 each, total $25,836 (tax withholding).
• Net shares delivered to insider: 1,284 shares (2,039 less 755).
• Shares owned after transaction: not specified in the filing.
• Footnotes: PSUs were originally granted March 17, 2025 and are earned based on absolute total stockholder return (aTSR). The filing reports PSUs at the maximum level of aTSR achievement. Earned PSUs are time-vesting: one-half vested immediately and the remaining one-half vests one year after the aTSR threshold was met.

Context

• This was not an open-market purchase or a discretionary sale by the CEO; it reflects settlement of performance-based restricted stock units and routine withholding to cover tax liabilities.
• For derivative/award transactions like this, the key data are shares credited and any shares withheld for taxes rather than cash flow into or out of the insider’s brokerage account.