Robert Jornayvaz: IPI Stock Trades, Net Worth & Insider Activity
Who is Robert P. Jornayvaz III, and why is his name making headlines in the financial world? The answer lies in a complex web of investments, insider trading, and a significant presence in the world of Intrepid Potash, Inc., where he holds a considerable stake and a history of strategic financial moves.
Jornayvazs journey in the business arena commenced with the founding of Intrepid Oil & Gas LLC in 1996, a venture that laid the foundation for his future endeavors. However, his name is now most closely associated with Intrepid Potash, Inc. (IPI), where he has held a pivotal position. His holdings in IPI have been the subject of considerable attention, particularly regarding his stock transactions and their impact on the company.
Category | Details |
---|---|
Full Name | Robert P. Jornayvaz III |
Known For | Founder of Intrepid Oil & Gas LLC, Significant Shareholder and Executive in Intrepid Potash, Inc. |
Current Role | While specific titles might vary, his influence is primarily derived from his significant ownership stake in Intrepid Potash, Inc. |
Intrepid Potash, Inc. Ownership | Approximately 10% ownership of Intrepid Potash, Inc., holding about 1,161,250 shares as reported in various filings. |
Estimated Net Worth | As of March 22, 2024, estimated to be at least $170,339,637, with shares worth around $34,562,585 as an insider. |
Insider Trading Earnings | Reported earnings from insider trading activities of approximately $134,839,772. |
Compensation | Received at least $937,280 in compensation from Intrepid Potash, Inc. |
Recent Stock Transactions | Frequent sales of IPI stock; most recent sale of 15,923 units on March 22, 2024, and a sale of 3,557 shares on December 16, 2024. |
Total Trades | Over 55 trades of IPI stock since 2008, according to SEC filings. |
Other Ventures | Owner and team captain of the Valiente polo team and associated with the J5 organizations. |
Polo Involvement | Won the 2009 Governor's Cup and had his team reach the final of the CV Whitney Cup in 2010. |
Family | Son, Robert David Pelon Stirling, is a polo player, photographer, and music artist. |
LinkedIn Profile | View Robert Jornayvaz's Profile |
Financial records and insider reports paint a detailed picture of Jornayvazs involvement. He is a major shareholder, holding approximately 10% of Intrepid Potash, Inc. stock. This translates to about 1,161,250 shares, which, based on market valuations, were worth over $30 million. These figures are detailed in his latest holdings summary, which is accessible through financial disclosure channels.
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Over the past twelve months leading up to early April, a series of insider transactions caught the attention of financial analysts. During this period, insiders at the basic materials company, including Jornayvaz, engaged in multiple share sales. There were 16 separate instances of share sales, with a total of 628,919 shares sold. These sales collectively amounted to over $16,358,241.37, reflecting strategic adjustments within the companys shareholder structure.
The most recent transaction occurred on April 1st. On this date, Robert P. Jornayvaz III, a major shareholder, sold 17 shares, a transaction valued at more than $510.00. This small-scale transaction is one of many that highlight the ongoing adjustments in ownership stakes within the company.
As of March 22, 2024, Jornayvaz's estimated net worth was substantial, at least $170,339,637. This valuation is based on his reported shares in Intrepid Potash, Inc., earnings from insider trading, and compensation received. He holds shares worth $34,562,585 as an insider. Furthermore, he has accumulated approximately $134,839,772 from insider trading and received a compensation of at least $937,280 from Intrepid Potash, Inc.
A significant shift is observable in his shareholding history. For instance, had Jornayvaz not sold any of his stock, the value would have included approximately 339,515.1 extra shares, which were worth an estimated $8.73 million. The sales, conducted indirectly, decreased Jornayvaz's stake in the company. Following the final sale on December 16, his holdings were reduced to 129,230 shares.
Robert Jornayvazs involvement extends beyond the financial world. He has a strong presence in the sport of polo. As the owner and team captain of the Valiente polo team, he has achieved notable success, including winning the 2009 Governors Cup in Palm Desert, California. His team also reached the final of the CV Whitney Cup after competing at the International Polo Club in Wellington, Florida, in 2010. His presence at the sport is significant, and he recognizes the potential for growth and visibility that such facilities offer.
Financial filings with the Securities and Exchange Commission (SEC) provide detailed insight into Jornayvazs trading activities. These form 4 filings show that Robert has engaged in over 55 trades of Intrepid Potash Inc. stock since 2008. The most recent activity, as of March 22, 2024, involved the sale of 15,923 units of IPI stock, valued at $298,556. Further analysis indicates that Robert P. III Jornayvaz has made over a dozen trades of IPI stock, with his most recent being the same sale of 15,923 shares on March 22, 2024.
Looking ahead to future dates, the financial landscape around Jornayvaz and Intrepid Potash, Inc. remains dynamic. Events are scheduled for July 1, 2024, September 1, 2024, and June 1, 2024. These dates likely represent further milestones, such as additional disclosures or significant events related to the companys operations and shareholder activities.
Another interesting point is the voting power of the company's outstanding securities, which is crucial for the election of directors. Transactions that involve acquisitions (1) directly from or by the company, (2) by a trustee under an employee benefit plan, or (3) by Robert P. Jornayvaz himself are excluded. This indicates the intricate structure in place to manage the ownership and voting rights of the company's stakeholders.
Beyond the financial specifics, Robert Jornayvaz's presence is further enhanced by his role as a high-ranking executive within Intrepid Potash Inc. His compensation and position are significant, as evidenced by the total remuneration package of $168,092 for Mr. Jr, who is the Vice Chairman. Furthermore, among the company's executives, Jornayvaz has the highest compensation package, which totals $2,749,030. There are 13 executives at Intrepid Potash Inc. who are paid more than this figure.
Robert Jornayvaz III still owns approximately 26% of the outstanding shares. This significant percentage indicates a strong personal commitment to the company's future and ongoing potential for influence.
The life of Robert Jornayvaz III is a tapestry of finance, sport, and leadership. The financial world has been keenly following his moves, and his contributions to Intrepid Potash, Inc., and the polo scene have left an indelible mark. It is clear that his actions have far-reaching effects, influencing not only financial markets but also the sporting world.
His son, Robert David Pelon Stirling, is also involved in the creative arts and is a musician, photographer, and polo player. This highlights the diverse interests of Jornayvaz and his family.
In conclusion, Robert P. Jornayvaz III's journey from the founding of Intrepid Oil & Gas LLC to his significant role in Intrepid Potash, Inc., exemplifies a blend of business acumen and personal interests. His ongoing activities in the stock market and his leadership in polo will continue to attract attention.


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