[Form 3] IDACORP, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Timothy E. Tatum, VP Regulatory Affairs at IDACORP, reports beneficial ownership arising from vested shares, 401(k) holdings and restricted stock units as of the 12/31/2024 event date. He directly owns 1,232.41 common shares (including 56.410 in a dividend reinvestment plan) and indirectly holds 3,209.1977 shares through a 401(k) plan trustee. He also holds 1,971 restricted stock units that convert to common shares: 535 vesting 01/01/2025, 622 vesting 01/01/2026 and 814 vesting 01/01/2027, each with a $0.00 conversion price.

Positive

• Clear disclosure of ownership: direct shares, 401(k) holdings and RSU vesting schedule are itemized with exact amounts
• RSU conversion terms stated: each restricted stock unit represents a contingent right to one share at $0.00, with specific vesting dates

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine Form 3 disclosing officer holdings and scheduled RSU vesting; no new material transactions reported.

The filing documents the officer's existing direct and indirect equity positions and a schedule of restricted stock units that convert one-for-one to common shares on stated vesting dates. All figures, including 1,232.41 direct shares, 3,209.1977 401(k) shares, and 1,971 RSUs with specified vest dates, are explicitly reported and consistent with an initial beneficial ownership disclosure.

Securities Analyst

TL;DR: Disclosure is informational; holdings and future share issuance from RSUs are clearly itemized but do not indicate an immediate material impact.

The Form 3 enumerates current and contingent equity exposure for the reporting officer. It lists direct ownership, indirect 401(k) holdings by plan trustee, and three tranches of RSUs that convert to common stock at $0.00 per unit on specified future dates. The data are precise and allow basic share-counting for ownership assessment.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Tatum Timothy E

(Last) (First) (Middle)

1221 W IDAHO ST

(Street)

BOISE ID 83702

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/31/2024

3. Issuer Name and Ticker or Trading Symbol
IDACORP INC [ IDA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP Regulatory Affairs

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,232.41(1)	D
Common Stock (401(k))	3,209.1977(2)	I	By Plan Trustee

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	(3)	Common Stock	535	$0.00(6)	D
Restricted Stock Units	(4)	(4)	Common Stock	622	$0.00(6)	D
Restricted Stock Units	(5)	(5)	Common Stock	814	$0.00(6)	D

Explanation of Responses:

1. Includes 56.410 shares in the reporting person's dividend reinvestment plan as of December 31, 2024.

2. Total shares in 401(k) plan as of December 31, 2024.

3. The restricted stock units vested January 1, 2025.

4. The restricted stock units vest January 1, 2026.

5. The restricted stock units vest January 1, 2027.

6. Each restricted stock unit represents a contingent right to receive one share of IDA common stock.

	/s/Cheryl W. Thompson, Attorney-in-Fact	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did IDA Form 3 filed for Timothy E. Tatum disclose?

The form discloses 1,232.41 direct common shares (including 56.410 in a DRIP), 3,209.1977 indirect shares via 401(k), and 1,971 RSUs vesting 2025–2027.

How many restricted stock units does IDA officer Timothy Tatum hold and when do they vest?

He holds 535 RSUs vesting 01/01/2025, 622 RSUs vesting 01/01/2026, and 814 RSUs vesting 01/01/2027.

Are any of Timothy Tatum's shares held indirectly for IDA (IDA)?

Yes. The filing lists 3,209.1977 shares held indirectly through a 401(k) plan, identified as held by the plan trustee.

Does each restricted stock unit convert into IDA common stock and at what price?

Each RSU represents a contingent right to receive one share of IDA common stock and the conversion/exercise price is reported as $0.00.

What is Timothy Tatum's role at IDACORP as stated on the form?

The form lists his relationship to the issuer as Officer with the title VP Regulatory Affairs.