Robert P. Jornayvaz III - 31 Mar 2022 Form 4 Insider Report for Intrepid Potash, Inc. (IPI)

Role: Executive Chairman & CEO, Director, 10%+ Owner
Signature: /s/ Matthew D. Preston, as attorney-in-fact
Issuer symbol: IPI
Transactions as of: 31 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 04 Apr 2022, 16:39:37 UTC
Previous filing: 21 Mar 2022
Next filing: 14 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IPI	Common Stock	Award	$0	+31,506	+6.9%	$0.000000	486,578	31 Mar 2022	Direct	F1
transaction	IPI	Common Stock	Tax liability	$0	-17,363	-3.6%	$0.000000	469,215	31 Mar 2022	Direct
holding	IPI	Common Stock						1,720,923	31 Mar 2022	By Intrepid Production Corporation	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares were issued pursuant to an award of performance-based restricted stock (PSAs) that was granted on June 8, 2020, which achieved the maximum amount of target on March 31, 2022, in accordance with Exhibit 99 hereto (shown on a pre-1-for-10-stock split basis). The PSAs were previously reported (on a pre-1-for-10-stock split basis) in a Form 4 filed on June 10, 2020 (the Prior Form 4). The amount reported in Table I of the Prior Form 4 reflected the shares that could be issued under the PSAs at the target award level (on a pre-1-for-10-stock split basis). The amount reported in this Form 4 represents the difference between the shares earned by the reporting person at the maximum award level (as disclosed (on a pre-1-for-10-stock split basis) in Exhibit 99 to the Prior Form 4 and (on a pre-1-for-10-stock split basis) in Exhibit 99 to this Form 4) and the target shares that were reported in Table I of the Prior Form 4 (on a pre-1-for-10-stock split basis).
F2	Mr. Jornayvaz is the sole stockholder, sole director, and President of Intrepid Production Corporation.

Content

The shares were issued pursuant to an award of performance-based restricted stock (PSAs) that was granted on June 8, 2020, which achieved the maximum amount of target on March 31, 2022, in accordance with Exhibit 99 hereto (shown on a pre-1-for-10-stock split basis). The PSAs were previously reported (on a pre-1-for-10-stock split basis) in a Form 4 filed on June 10, 2020 (the Prior Form 4). The amount reported in Table I of the Prior Form 4 reflected the shares that could be issued under the PSAs at the target award level (on a pre-1-for-10-stock split basis). The amount reported in this Form 4 represents the difference between the shares earned by the reporting person at the maximum award level (as disclosed (on a pre-1-for-10-stock split basis) in Exhibit 99 to the Prior Form 4 and (on a pre-1-for-10-stock split basis) in Exhibit 99 to this Form 4) and the target shares that were reported in Table I of the Prior Form 4 (on a pre-1-for-10-stock split basis).

Mr. Jornayvaz is the sole stockholder, sole director, and President of Intrepid Production Corporation.