Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-03

Intrepid Potash (IPI)

CEO Kevin Crutchfield was paid $3,887,607 in fiscal year 2025, ↑ up 5.6% from fiscal year 2024, the 56th percentile of its disclosed peer group (SEC filing 0001140361-26-015363 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$3,887,607 ↑
Kevin Crutchfield total, FY2025
56th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
94.03%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Kevin Crutchfield (Chief Executive Officer), FY2025 total compensation $3,887,607 (base salary $600,000) [exec_comp, SEC accession 0001140361-26-015363, filed 2026-04-17]

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IPI's next annual pay disclosure, estimated April 17, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Kevin Crutchfield$600,000$0$2,151,284$0$822,000$0$314,323$3,887,607
Chief Executive Officer
Matthew Preston429,4110531,5080352,325023,3201,336,654
Former Chief Financial Officer
Christina Sheehan384,1840372,0470220,270021,234997,735
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Kevin Crutchfield$3,887,607$3,681,393—↑ +206,214
Matthew Preston1,336,6541,833,935923,528↓ −497,281
Christina Sheehan997,7351,064,322674,850↓ −66,587

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against IPI
4 companies name IPI as a compensation peer

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.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Christina SheehanGeneral Counsel$997,735
Kevin CrutchfieldCEO$3,887,607
Matthew PrestonCFO$1,336,654
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Barth E. WhithamChair of the Board$256,976
Chris A. ElliottIndependent Director$179,976
Gonzalo M. AvendanoIndependent Director$204,899
Hugh E. Harvey JrIndependent Director$191,976
Lori A. LancasterIndependent Director$189,976
Mary E. McBrideIndependent Director$194,976
William M. ZischIndependent Director$184,310
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christina SheehanRSU2025-03-17——5,997—$174,992
Kevin CrutchfieldRSU2025-03-17——27,416—799,999
Matthew PrestonRSU2025-03-17——8,567—249,985
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christina Sheehan$174,992$0$00.0%
Kevin Crutchfield799,999000.0%
Matthew Preston249,985000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Matthew PrestonRSU6,884—$190,893
Christina SheehanRSU1,347—37,352
Kevin CrutchfieldRSU13,708—380,123
Matthew PrestonRSU2,694—74,705
Matthew PrestonRSU560—15,529
Matthew PrestonRSU2,856—79,197
Matthew PrestonRSU8,567—237,563
Kevin CrutchfieldRSU45,855—1,271,559
Kevin CrutchfieldRSU42,595—1,181,159
Kevin CrutchfieldRSU27,416—760,246
Kevin CrutchfieldRSU11,022—305,640
Matthew PrestonRSU9,425—261,355
Matthew PrestonRSU7,490—207,698
Kevin CrutchfieldRSU7,457—206,783
Kevin CrutchfieldRSU6,116—169,597
Christina SheehanRSU5,997—163,297
Christina SheehanRSU5,618—155,787
Christina SheehanRSU5,162—143,142
Kevin CrutchfieldRSU2,686—74,483
Matthew PrestonRSU2,559—70,961
Matthew PrestonRSU2,296—63,668
Christina SheehanRSU1,999—55,432
Christina SheehanRSU1,607—44,562
Christina SheehanRSU1,280—35,494
Matthew PrestonRSU1,274—35,328
Christina SheehanRSU893—24,763
Christina SheehanRSU392—10,870
05

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 consultantF.W. Cook
Clawback policy—
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-287,442,655472,757139,69894.03%Passed
20252025-05-298,246,154874,595113,33090.41%Passed
20242024-05-165,856,922953,282103,08586%Passed
20232023-05-197,986,471252,857257,47696.93%Passed
20222022-05-198,737,917231,584386,99097.42%Passed
20212021-05-199,533,714112,80474,34498.83%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 yearMeeting dateApproval — company's computation
20262026-05-2894.03%a
20252025-05-2990.41%b
20242024-05-1686%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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Barth E. WhithamIndependent · Board Chair · Compensation$172,000$84,976———$256,976
Gonzalo M. AvendanoIndependent · Audit91,750113,149———204,899
Mary E. McBrideIndependent · Audit Committee (Chair)110,00084,976———194,976
Hugh E. Harvey JrIndependent · Compensation · Not standing for re-election107,00084,976———191,976
Lori A. LancasterIndependent · Nominating, Corporate Governance, Safety, and Sustainability Committee (Chair)105,00084,976———189,976
William M. ZischIndependent · Nominating, Corporate Governance, Safety, and Sustainability99,33484,976———184,310
Chris A. ElliottIndependent · Compensation Committee (1) (Chair)95,00084,976———179,976
Kevin S. CrutchfieldEmployee director—————0
09

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 guidelineAll of our directors and executives are in compliance with the stock ownership guidelines or are within the applicable phase-in period.
09b

Total cost of the board

ComponentFY2025
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.

10

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.

10a

Peer reciprocity

Of the companies Intrepid Potash names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Intrepid Potash.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Berry Corporation2024Kevin Kwilinski$1,029,808$14,071,727$2,879,994$1,535,625$20,017,718
2Aris Water Solutions2024Amanda Brock732,3086,432,56702,047,5769,233,151
3W T Offshore, Inc.2025Tracy Krohn800,0004,317,2890967,2006,183,187
4Riley Exploration Permian, Inc2025Bobby Riley675,0003,914,7250742,0005,782,259
5Intrepid Potash2025Kevin Crutchfield600,0002,151,2840822,0003,887,607
6Ring Energy, Inc.2025Paul McKinney626,6671,473,3060753,9842,884,957
7Centrus Energy Corporation2025Amir Vexler810,000269,9960980,1002,174,357
8Amplify Energy Corporation2025Daniel Furbee430,4571,038,3490359,4731,898,298
9Evolution Petroleum Corporation2025Kelly Loyd375,000534,672—356,2501,315,704
10American Vanguard Corporation2025Douglas Kaye650,0000—235,9501,069,480
—Sandridge Energy, Inc.——————not in coverage universe
—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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Intrepid Potashnot disclosedPSU 60 · RSU 40not disclosedF.W. Cook
American Vanguard Corporationnot disclosednot disclosednot disclosedExequity, LLP
Amplify Energy Corporationnot disclosedPSU 50 · RSU 50not disclosedMeridian
Aris Water Solutionsnot disclosednot disclosednot disclosedCompensation Advisory Partners, LLC and Pay Governance, LLC
Berry Corporation117%PSU 60 · Options 40Yes — Relative TSR vs. Peer GroupPearl Meyer
Centrus Energy Corporationnot disclosedPRSU 100NoWTW
Empire Petroleum Corporationnot disclosednot disclosednot disclosednot disclosed
Evolution Petroleum Corporationnot disclosedPerformance-based restricted common stock 66.7 · Time-vested restricted common stock 33.3Yes — Relative Total Shareholder Return (TSR)not disclosed
Riley Exploration Permian, Incnot disclosedRSU 70 · PRSU 30not disclosedMeridian Compensation Partners, LLC
Ring Energy, Inc.not disclosedPSU 60 · RSU 40not disclosedMeridian Compensation Partners, LLC
Sandridge Energy, Inc.not disclosednot disclosednot disclosednot disclosed
W T Offshore, Inc.121.88%PSU 60 · RSU 40Yes — TSRMeridian

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.

10d

Frequently asked questions

Who was the highest-paid executive at Intrepid Potash in fiscal 2025?
As disclosed, Kevin Crutchfield (Chief Executive Officer) was the highest-paid executive at Intrepid Potash in fiscal 2025, with total compensation of $3,887,607.
How does Intrepid Potash's chief executive pay compare to its disclosed peer group?
As disclosed, Kevin Crutchfield's total compensation ranked at the 56th percentile of Intrepid Potash's disclosed peer group.
How did shareholders vote on Intrepid Potash's executive compensation?
As disclosed, 94.03% of shareholders supported Intrepid Potash's executive compensation in the latest say-on-pay vote.
How much does Intrepid Potash spend in total on board compensation for fiscal 2025?
As disclosed, Intrepid Potash reported total board compensation of $1,403,089 for fiscal 2025.

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Kevin CrutchfieldDEF 14A2026-04-170001140361-26-015363Section “Executive Compensation”. As printed: 3,887,607. Filing ↗machine: r2 · c22 · span 702135–702145
2Section 01, Matthew PrestonDEF 14A2026-04-170001140361-26-015363Section “Executive Compensation”. As printed: 1,336,654. Filing ↗machine: r4 · c22 · span 710870–710879
3Section 01, Christina SheehanDEF 14A2026-04-170001140361-26-015363Section “Executive Compensation”. As printed: 997,735. Filing ↗machine: r7 · c22 · span 723170–723177
4Section 03, Christina Sheehan RSUDEF 14A2026-04-170001140361-26-015363Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
5Section 03, Kevin Crutchfield RSUDEF 14A2026-04-170001140361-26-015363Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
6Section 03, Matthew Preston RSUDEF 14A2026-04-170001140361-26-015363Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 08, Barth E. WhithamDEF 14A2026-04-170001140361-26-015363Section “Director Compensation”. As printed: 256,976. Filing ↗machine: span 1367743–1367965
8Section 08, Gonzalo M. AvendanoDEF 14A2026-04-170001140361-26-015363Section “Director Compensation”. As printed: 204,899. Filing ↗machine: span 1357175–1357355
9Section 08, Mary E. McBrideDEF 14A2026-04-170001140361-26-015363Section “Director Compensation”. As printed: 194,976. Filing ↗machine: span 1365730–1365952
10Section 08, Hugh E. Harvey JrDEF 14A2026-04-170001140361-26-015363Section “Director Compensation”. As printed: 191,976. Filing ↗machine: span 1361434–1361656
11Section 08, Lori A. LancasterDEF 14A2026-04-170001140361-26-015363Section “Director Compensation”. As printed: 189,976. Filing ↗machine: span 1363448–1363670
12Section 08, William M. ZischDEF 14A2026-04-170001140361-26-015363Section “Director Compensation”. As printed: 184,310. Filing ↗machine: span 1369928–1370149
13Section 08, Chris A. ElliottDEF 14A2026-04-170001140361-26-015363Section “Director Compensation”. As printed: 179,976. Filing ↗machine: span 1359148–1359370
14Section 08, Kevin S. CrutchfieldDEF 14A2026-04-170001140361-26-015363Section “Director Compensation”. As printed: 0. Filing ↗
15Section 06, 2026 voteForm 8-K2026-06-030001104659-26-070128Item 5.07 · say-on-pay result. As reported: 94.03% (votes for as printed: 7,442,655). Filing ↗
16Section 06, 2025 voteForm 8-K2025-06-020001104659-25-055518Item 5.07 · say-on-pay result. As reported: 90.41% (votes for as printed: 8,246,154). Filing ↗
17Section 06, 2024 voteForm 8-K2024-05-210001104659-24-063879Item 5.07 · say-on-pay result. As reported: 86% (votes for as printed: 5,856,922). Filing ↗
18Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
19Section 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).machine: formula: sums + PSU ratio
20Section 09b board cost (computed)Computed——Cash 780,084 + equity 623,005 + all other 0 = 1,403,089, summed across the director compensation table rows.machine: formula: Σ = 1,403,089
21Berry Corporation, Section 10b CEO totalDEF 14A2025-01-070001104659-25-001507CEO total compensation as printed in Berry Corporation's own proxy. As printed: 20,017,718. Filing ↗machine: r1 · c42 · span 938559–938569
22Aris Water Solutions, Section 10b CEO totalDEF 14A2025-04-090001193125-25-076892CEO total compensation as printed in Aris Water Solutions's own proxy. As printed: 9,233,151. Filing ↗machine: r5 · c26 · span 289536–289545
23W T Offshore, Inc., Section 10b CEO totalDEF 14A2026-04-230001104659-26-047016CEO total compensation as printed in W T Offshore, Inc.'s own proxy. As printed: 6,183,187. Filing ↗machine: r1 · c42 · span 1563753–1563762
24Riley Exploration Permian, Inc, Section 10b CEO totalDEF 14A2026-04-100001140361-26-014090CEO total compensation as printed in Riley Exploration Permian, Inc's own proxy. As printed: 5,782,259. Filing ↗machine: span 508818–508827
25Intrepid Potash (subject), Section 10b CEO totalDEF 14A2026-04-170001140361-26-015363CEO total compensation as printed in Intrepid Potash's own proxy. As printed: 3,887,607. Filing ↗machine: r2 · c22 · span 702135–702145
26Ring Energy, Inc., Section 10b CEO totalDEF 14A2026-04-100001384195-26-000068CEO total compensation as printed in Ring Energy, Inc.'s own proxy. As printed: 2,884,957. Filing ↗machine: span 545523–545532
27Centrus Energy Corporation, Section 10b CEO totalDEF 14A2026-04-240001628280-26-027241CEO total compensation as printed in Centrus Energy Corporation's own proxy. As printed: 2,174,357. Filing ↗machine: r2 · c54 · span 544665–544675
28Amplify Energy Corporation, Section 10b CEO totalDEF 14A2026-04-230001104659-26-047701CEO total compensation as printed in Amplify Energy Corporation's own proxy. As printed: 1,898,298. Filing ↗machine: r1 · c41 · span 283281–283290
29Evolution Petroleum Corporation, Section 10b CEO totalDEF 14A2025-10-230001104659-25-101832CEO total compensation as printed in Evolution Petroleum Corporation's own proxy. As printed: 1,315,704. Filing ↗
30American Vanguard Corporation, Section 10b CEO totalDEF 14A2026-04-230001193125-26-173620CEO total compensation as printed in American Vanguard Corporation's own proxy. As printed: 1,069,480. Filing ↗machine: r2 · c33 · span 714525–714534
31Section 10a, Centrus Energy Corporation reciprocityDEF 14A—0001628280-26-027241Centrus Energy Corporation's most recent proxy was read; its disclosed peer group does not include Intrepid Potash. Filing ↗
32Section 10a, Ring Energy, Inc. reciprocityDEF 14A—0001384195-26-000068Ring Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Intrepid Potash. Filing ↗
33Section 10a, Riley Exploration Permian, Inc reciprocityDEF 14A—0001140361-26-014090Riley Exploration Permian, Inc's most recent proxy was read; its disclosed peer group does not include Intrepid Potash. Filing ↗
34Section 10a, American Vanguard Corporation reciprocityDEF 14A—0001193125-26-173620American Vanguard Corporation names Intrepid Potash in its own disclosed peer group (read from its most recent proxy). Filing ↗
35Section 10a, W T Offshore, Inc. reciprocityDEF 14A—0001104659-26-047016W T Offshore, Inc.'s most recent proxy was read; its disclosed peer group does not include Intrepid Potash. Filing ↗
36Section 10a, Aris Water Solutions reciprocityDEF 14A—0001193125-25-076892Aris Water Solutions's most recent proxy was read; its disclosed peer group does not include Intrepid Potash. Filing ↗
37Section 10a, Berry Corporation reciprocityDEF 14A—0001104659-25-001507Berry Corporation's most recent proxy was read; its disclosed peer group does not include Intrepid Potash. Filing ↗
38Section 10a, Evolution Petroleum Corporation reciprocityDEF 14A—0001104659-25-101832Evolution Petroleum Corporation's most recent proxy was read; its disclosed peer group does not include Intrepid Potash. Filing ↗
39Section 10a, Amplify Energy Corporation reciprocityDEF 14A—0001104659-26-047701Amplify Energy Corporation's most recent proxy was read; its disclosed peer group does not include Intrepid Potash. Filing ↗