Companies Intrepid Potash
Intrepid Potash (IPI): executive pay, fiscal 2025
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CEO pay, last three years
- $3,681,393FY2024
- $3,887,607FY2025
CEO total pay was $3,887,607 in fiscal 2025, up from $3,681,393 in fiscal 2024.
FY2025: salary $600,000 · bonus $0 · stock awards $2,151,284 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Kevin Crutchfield | $600,000 | $0 | $2,151,284 | $0 | $822,000 | $0 | $314,323 | $3,887,607 |
| Chief Executive Officer | ||||||||
| Matthew Preston | 429,411 | 0 | 531,508 | 0 | 352,325 | 0 | 23,320 | 1,336,654 |
| Former Chief Financial Officer | ||||||||
| Christina Sheehan | 384,184 | 0 | 372,047 | 0 | 220,270 | 0 | 21,234 | 997,735 |
| General Counsel and Corporate Secretary | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Kevin Crutchfield | $3,887,607 | $3,681,393 | — | ↑ +206,214 |
| Matthew Preston | 1,336,654 | 1,833,935 | 923,528 | ↓ −497,281 |
| Christina Sheehan | 997,735 | 1,064,322 | 674,850 | ↓ −66,587 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The compensation program is designed to meet primary objectives including management development and continuity, pay-for-performance by linking compensation to corporate strategies, and a long-term focus on stockholder value by encouraging stock ownership.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | F.W. Cook |
| Clawback policy | — |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Christina Sheehan | RSU | 2025-03-17 | — | — | 5,997 | — | $174,992 |
| Kevin Crutchfield | RSU | 2025-03-17 | — | — | 27,416 | — | 799,999 |
| Matthew Preston | RSU | 2025-03-17 | — | — | 8,567 | — | 249,985 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Christina Sheehan | $174,992 | $0 | $0 | 0.0% |
| Kevin Crutchfield | 799,999 | 0 | 0 | 0.0% |
| Matthew Preston | 249,985 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Christina Sheehan | RSU | 392 | — | $10,870 |
| Matthew Preston | RSU | 560 | — | 15,529 |
| Christina Sheehan | RSU | 893 | — | 24,763 |
| Matthew Preston | RSU | 1,274 | — | 35,328 |
| Christina Sheehan | RSU | 1,280 | — | 35,494 |
| Christina Sheehan | RSU | 1,347 | — | 37,352 |
| Christina Sheehan | RSU | 1,607 | — | 44,562 |
| Christina Sheehan | RSU | 1,999 | — | 55,432 |
| Matthew Preston | RSU | 2,296 | — | 63,668 |
| Matthew Preston | RSU | 2,559 | — | 70,961 |
| Kevin Crutchfield | RSU | 2,686 | — | 74,483 |
| Matthew Preston | RSU | 2,694 | — | 74,705 |
| Matthew Preston | RSU | 2,856 | — | 79,197 |
| Christina Sheehan | RSU | 5,162 | — | 143,142 |
| Christina Sheehan | RSU | 5,618 | — | 155,787 |
| Christina Sheehan | RSU | 5,997 | — | 163,297 |
| Kevin Crutchfield | RSU | 6,116 | — | 169,597 |
| Matthew Preston | RSU | 6,884 | — | 190,893 |
| Kevin Crutchfield | RSU | 7,457 | — | 206,783 |
| Matthew Preston | RSU | 7,490 | — | 207,698 |
| Matthew Preston | RSU | 8,567 | — | 237,563 |
| Matthew Preston | RSU | 9,425 | — | 261,355 |
| Kevin Crutchfield | RSU | 11,022 | — | 305,640 |
| Kevin Crutchfield | RSU | 13,708 | — | 380,123 |
| Kevin Crutchfield | RSU | 27,416 | — | 760,246 |
| Kevin Crutchfield | RSU | 42,595 | — | 1,181,159 |
| Kevin Crutchfield | RSU | 45,855 | — | 1,271,559 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Barth E. WhithamIndependent · Board Chair · Compensation | $172,000 | $84,976 | — | — | — | $256,976 |
| Gonzalo M. AvendanoIndependent · Audit | 91,750 | 113,149 | — | — | — | 204,899 |
| Mary E. McBrideIndependent · Audit Committee (Chair) | 110,000 | 84,976 | — | — | — | 194,976 |
| Hugh E. Harvey JrIndependent · Compensation · Not standing for re-election | 107,000 | 84,976 | — | — | — | 191,976 |
| Lori A. LancasterIndependent · Nominating, Corporate Governance, Safety, and Sustainability Committee (Chair) | 105,000 | 84,976 | — | — | — | 189,976 |
| William M. ZischIndependent · Nominating, Corporate Governance, Safety, and Sustainability | 99,334 | 84,976 | — | — | — | 184,310 |
| Chris A. ElliottIndependent · Compensation Committee (1) (Chair) | 95,000 | 84,976 | — | — | — | 179,976 |
| Kevin S. CrutchfieldEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $90,000 |
|---|---|
| Annual equity retainer | $85,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 17,500 / 12,500 / 12,500 |
| Stock ownership guideline | All of our directors and executives are in compliance with the stock ownership guidelines or are within the applicable phase-in period. |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $780,084 |
| Equity awards (grant-date value) | $623,005 |
| All other compensation | $0 |
| Total cost of the board | $1,403,089 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Intrepid Potash as a peer
Companies that benchmark against IPI
4 companies name IPI as a compensation peer
- AMERICAN VANGUARD CORPAVDFY2025
- Ecovyst Inc.ECVTFY2025
- LSB INDUSTRIES, INC.LXUFY2025
- REX AMERICAN RESOURCES CorpREXFY2025
Each company listed discloses IPI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named IPI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
The companies Intrepid Potash names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Berry Corporation | 2024 | Kevin Kwilinski | $1,029,808 | $14,071,727 | $2,879,994 | $1,535,625 | $20,017,718 |
| 2 | Aris Water Solutions | 2024 | Amanda Brock | 732,308 | 6,432,567 | 0 | 2,047,576 | 9,233,151 |
| 3 | W T Offshore, Inc. | 2025 | Tracy Krohn | 800,000 | 4,317,289 | 0 | 967,200 | 6,183,187 |
| 4 | Riley Exploration Permian, Inc | 2025 | Bobby Riley | 675,000 | 3,914,725 | 0 | 742,000 | 5,782,259 |
| 5 | Intrepid Potash | 2025 | Kevin Crutchfield | 600,000 | 2,151,284 | 0 | 822,000 | 3,887,607 |
| 6 | Ring Energy, Inc. | 2025 | Paul McKinney | 626,667 | 1,473,306 | 0 | 753,984 | 2,884,957 |
| 7 | Centrus Energy Corporation | 2025 | Amir Vexler | 810,000 | 269,996 | 0 | 980,100 | 2,174,357 |
| 8 | Amplify Energy Corporation | 2025 | Daniel Furbee | 430,457 | 1,038,349 | 0 | 359,473 | 1,898,298 |
| 9 | American Vanguard Corporation | 2025 | Douglas Kaye | 650,000 | 0 | — | 235,950 | 1,069,480 |
| 10 | Sandridge Energy, Inc. | 2025 | Grayson Pranin | 393,750 | 275,442 | 0 | 287,760 | 991,555 |
| 11 | Evolution Petroleum Corporation | 2026 | Kelly Loyd | 390,000 | 411,679 | 0 | 119,250 | 973,473 |
| — | Empire Petroleum Corporation | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Intrepid Potash | not disclosed | PSU 60 · RSU 40 | not disclosed | F.W. Cook |
| American Vanguard Corporation | not disclosed | not disclosed | not disclosed | Exequity, LLP |
| Amplify Energy Corporation | not disclosed | PSU 50 · RSU 50 | not disclosed | Meridian |
| Aris Water Solutions | not disclosed | not disclosed | not disclosed | Compensation Advisory Partners, LLC and Pay Governance, LLC |
| Berry Corporation | 117% | PSU 60 · Options 40 | Yes — Relative TSR vs. Peer Group | Pearl Meyer |
| Centrus Energy Corporation | not disclosed | PRSU 100 | No | WTW |
| Empire Petroleum Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Evolution Petroleum Corporation | not disclosed | PRSU 66.7 · RSU 33.3 | not disclosed | Meridian Compensation Partners |
| Riley Exploration Permian, Inc | not disclosed | RSU 70 · PRSU 30 | not disclosed | Meridian Compensation Partners, LLC |
| Ring Energy, Inc. | not disclosed | PSU 60 · RSU 40 | not disclosed | Meridian Compensation Partners, LLC |
| Sandridge Energy, Inc. | not disclosed | RSU 66.6 · PSU 33.3 | not disclosed | not disclosed |
| W T Offshore, Inc. | 121.88% | PSU 60 · RSU 40 | Yes — TSR | Meridian |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-28 | 7,442,655 | 472,757 | 139,698 | 94.03% | Passed |
| 2025 | 2025-05-29 | 8,246,154 | 874,595 | 113,330 | 90.41% | Passed |
| 2024 | 2024-05-16 | 5,856,922 | 953,282 | 103,085 | 86% | Passed |
| 2023 | 2023-05-19 | 7,986,471 | 252,857 | 257,476 | 96.93% | Passed |
| 2022 | 2022-05-19 | 8,737,917 | 231,584 | 386,990 | 97.42% | Passed |
| 2021 | 2021-05-19 | 9,533,714 | 112,804 | 74,344 | 98.83% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-28 | 94.03%a |
| 2025 | 2025-05-29 | 90.41%b |
| 2024 | 2024-05-16 | 86%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 46 : 1 |
|---|---|
| CEO total compensation | $3,955,693 |
| Median employee compensation | $86,838 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (33 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Kevin Crutchfield. DEF 14A, filed 2026-04-17. Section “Executive Compensation”. As printed: 3,887,607. View filing ↗
- Section 01, Matthew Preston. DEF 14A, filed 2026-04-17. Section “Executive Compensation”. As printed: 1,336,654. View filing ↗
- Section 01, Christina Sheehan. DEF 14A, filed 2026-04-17. Section “Executive Compensation”. As printed: 997,735. View filing ↗
- Section 03, Christina Sheehan RSU. DEF 14A, filed 2026-04-17. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Kevin Crutchfield RSU. DEF 14A, filed 2026-04-17. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Matthew Preston RSU. DEF 14A, filed 2026-04-17. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2023-04-05. Section “CEO Pay Ratio”. As printed: 46 : 1. View filing ↗
- Section 08, Barth E. Whitham. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 256,976. View filing ↗
- Section 08, Gonzalo M. Avendano. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 204,899. View filing ↗
- Section 08, Mary E. McBride. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 194,976. View filing ↗
- Section 08, Hugh E. Harvey Jr. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 191,976. View filing ↗
- Section 08, Lori A. Lancaster. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 189,976. View filing ↗
- Section 08, William M. Zisch. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 184,310. View filing ↗
- Section 08, Chris A. Elliott. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 179,976. View filing ↗
- Section 08, Kevin S. Crutchfield. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-03. Item 5.07 · say-on-pay result. As reported: 94.03% (votes for as printed: 7,442,655). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-02. Item 5.07 · say-on-pay result. As reported: 90.41% (votes for as printed: 8,246,154). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-21. Item 5.07 · say-on-pay result. As reported: 86% (votes for as printed: 5,856,922). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 780,084 + equity 623,005 + all other 0 = 1,403,089, summed across the director compensation table rows.
- Berry Corporation, Section 10b CEO total. DEF 14A, filed 2025-01-07. CEO total compensation as printed in Berry Corporation's own proxy. As printed: 20,017,718. View filing ↗
- Aris Water Solutions, Section 10b CEO total. DEF 14A, filed 2025-04-09. CEO total compensation as printed in Aris Water Solutions's own proxy. As printed: 9,233,151. View filing ↗
- W T Offshore, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in W T Offshore, Inc.'s own proxy. As printed: 6,183,187. View filing ↗
- Riley Exploration Permian, Inc, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Riley Exploration Permian, Inc's own proxy. As printed: 5,782,259. View filing ↗
- Intrepid Potash (subject), Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Intrepid Potash's own proxy. As printed: 3,887,607. View filing ↗
- Ring Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Ring Energy, Inc.'s own proxy. As printed: 2,884,957. View filing ↗
- Centrus Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Centrus Energy Corporation's own proxy. As printed: 2,174,357. View filing ↗
- Amplify Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Amplify Energy Corporation's own proxy. As printed: 1,898,298. View filing ↗
- American Vanguard Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in American Vanguard Corporation's own proxy. As printed: 1,069,480. View filing ↗
- Sandridge Energy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Sandridge Energy, Inc.'s own proxy. As printed: 991,555. View filing ↗
- Evolution Petroleum Corporation, Section 10b CEO total. DEF 14A, filed 2026-10-22. CEO total compensation as printed in Evolution Petroleum Corporation's own proxy. As printed: 973,473. View filing ↗
- Section 10a, American Vanguard Corporation reciprocity. DEF 14A. American Vanguard Corporation names Intrepid Potash in its own disclosed peer group (read from its most recent proxy). View filing ↗