IDACORP (NYSE: IDA) VP sells 1,300 shares, granted new stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IDACORP VP of Plan, Eng, & Const (IPC) Mitchel D. Colburn reported several equity transactions in company stock. He sold 1,300 shares of common stock in an open-market transaction at a weighted average price of $142.6455 per share, leaving him with 2,427.694 common shares.
On the same date range, he had 665 common shares withheld at $139.89 per share to cover tax obligations. He also acquired 1,629 shares of common stock for no consideration upon satisfaction of performance criteria for the 2023–2025 period and received 557 restricted stock units, each representing one future share of IDACORP common stock.
The 557 restricted stock units vest on January 1, 2029, adding a long-term equity incentive to his compensation package.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,300 shares ($185,439)
Net Sell
4 txns
Insider
Colburn Mitchel D
Role
VP of Plan, Eng, & Const (IPC)
Sold
1,300 shs ($185K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,300 | $142.6455 | $185K |
| Grant/Award | Restricted Stock Units | 557 | $0.00 | -- |
| Grant/Award | Common Stock | 1,629 | $0.00 | -- |
| Tax Withholding | Common Stock | 665 | $139.89 | $93K |
Holdings After Transaction:
Common Stock — 2,427.694 shares (Direct);
Restricted Stock Units — 557 shares (Direct)
Footnotes (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. Includes 148.694 shares in the reporting person's dividend reinvestment plan to date. This transaction was executed in multiple trades at prices ranging from $142.57 to $142.78. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or security holder of the issuer, full information regarding the number of shares and prices at which the transaction was effected. Each restricted stock unit represents a contingent right to receive one share of IDA common stock. The restricted stock units vest on January 1, 2029.
FAQ
What did IDACORP (IDA) executive Mitchel D. Colburn sell in this Form 4?
Mitchel D. Colburn sold 1,300 shares of IDACORP common stock in an open-market transaction at a weighted average price of $142.6455 per share, as part of reported equity transactions in this Form 4 filing.
What new IDACORP (IDA) stock awards did Mitchel D. Colburn receive?
He received 1,629 shares of IDACORP common stock for no consideration after meeting 2023–2025 performance criteria, plus 557 restricted stock units, each representing a contingent right to one share of IDACORP common stock upon vesting.
When do Mitchel D. Colburn’s IDACORP (IDA) restricted stock units vest?
The 557 restricted stock units reported for Mitchel D. Colburn vest on January 1, 2029, providing a long-term incentive that links his future compensation to IDACORP’s share performance over the coming years.