Form 4: Intrepid Potash Executive Chairman Robert Jornayvaz Reports Share Disposition for Tax Obligations
SEC Form 4 Filing
Robert Jornayvaz III, Executive Chairman & CEO of Intrepid Potash, Inc., reports disposition of shares to cover income taxes upon vesting of restricted stock.
Summary
- On March 17, 2024, Robert P. Jornayvaz III, Executive Chairman & CEO of Intrepid Potash, Inc., disposed of 6,722 shares of common stock to cover income taxes due upon the vesting of previously awarded restricted stock.
- The shares were disposed of at a price of $19.37 per share.
- Following the transaction, Jornayvaz directly owns 508,874 shares and indirectly owns 1,524,304 shares through Intrepid Production Corporation.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard transaction for tax purposes. It doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and major shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of share disposition |
| 03/19/2024 | Date of signature on the Form 4 filing |
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