Crutchfield Kevin S 4

What Happened

• Kevin S. Crutchfield, CEO of Intrepid Potash (IPI), received a grant of 22,766 restricted shares on 2026-03-17 (transaction code A). The grant was recorded at $0.00 per share (no cash purchase).
• On the same date the issuer withheld 3,297 shares to cover tax obligations related to the award (transaction code F) at a reported share value of $41.94, totaling $138,276.

Key Details

• Transaction dates: 2026-03-17 (filed on Form 4 dated 2026-03-19; appears to be a timely filing).
• Transaction codes: A = Award/Grant; F = Shares withheld for tax withholding.
• Vesting: The restricted shares vest in three equal annual installments beginning 2027-03-17, subject to continued employment (footnote F1).
• Tax withholding: 3,297 shares were withheld by the issuer to satisfy tax withholding obligations upon vesting (footnote F2).
• Shares owned after the transaction: not specified in the Form 4 filing.

Context

• This was an equity award (restricted stock) rather than an open-market purchase or sale. Awards and the associated share-withholding for taxes are routine compensation actions and do not necessarily indicate the CEO’s market view.
• The grant vests over time, so the CEO gains full ownership only if he remains employed through each vesting date.