IDACORP (NYSE: IDA) VP receives stock awards and withholds shares for tax

Rhea-AI Filing Summary

IDACORP executive Ryan Adelman, VP of Power Supply at Idaho Power, received new equity awards. He was granted 570 restricted stock units and 1,788 shares of common stock on February 20, 2026, at no cash cost, tied to performance criteria for the 2023–2025 period.

The RSUs each represent one IDACORP share and vest on January 1, 2029. On the same date, 814 common shares were withheld at $139.89 per share to cover tax obligations, leaving him with 5,424 directly owned common shares.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Adelman Ryan

(Last) (First) (Middle)

1221 W IDAHO STREET

(Street)

BOISE ID 83702

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP of Power Supply (IPC)

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/20/2026		A		1,788	A	(1)	6,238	D
Common Stock	02/20/2026		F		814	D	$139.89	5,424	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	02/20/2026		A		570		(3)	(3)	Common Stock	570	$0	570	D

Explanation of Responses:

1. These shares were received for no consideration upon the satisfaction of performance criteria underlying an award of performance-based units for the 2023-2025 performance period.

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

3. The restricted stock units vest on January 1, 2029.

	/s/ Cheryl W. Thompson, Attorney-in-Fact	02/24/2026
	** 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 4 (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.
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FAQ

What equity awards did IDACORP (IDA) VP Ryan Adelman receive?

Ryan Adelman received 570 restricted stock units and 1,788 shares of IDACORP common stock. The awards were granted for no cash consideration after meeting 2023–2025 performance criteria tied to earlier performance-based units.

When do Ryan Adelman’s new IDACORP (IDA) restricted stock units vest?

The 570 restricted stock units granted to Ryan Adelman vest on January 1, 2029. Each unit represents the right to receive one share of IDACORP common stock once the vesting date is reached.

Why were 814 IDACORP (IDA) shares disposed of in Adelman’s Form 4?

The 814 IDACORP common shares were withheld to satisfy tax obligations related to the stock awards. This is a tax-withholding disposition at $139.89 per share, not an open-market sale by the executive.

How many IDACORP (IDA) shares does Ryan Adelman hold after these transactions?

After the reported transactions, Ryan Adelman directly owns 5,424 shares of IDACORP common stock. This reflects the grants received and the 814 shares withheld to cover associated tax liabilities on the award date.

What performance period is linked to Ryan Adelman’s new IDACORP (IDA) share grant?

The common shares granted to Ryan Adelman were issued upon satisfaction of performance criteria for the 2023–2025 performance period. They stem from a prior award of performance-based units that vested after meeting those specified goals.