Director Dennis L. Johnson receives 1,007 IDACORP (IDA) shares as stock retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Johnson Dennis L reported acquisition or exercise transactions in this Form 4 filing.
IDACORP Inc. director Dennis L. Johnson received an equity award of 1,007 shares of common stock as an annual stock retainer. The shares were issued at no cash cost to him under the IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan in a transaction exempt under Rule 16(b)-3.
After this grant and prior dividend reinvestments under the applicable compensation plan, Johnson directly holds a total of 17,969.775 IDACORP common shares, including 2,204.775 shares accumulated through the plan’s dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson Dennis L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,007 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,969.775 shares (Direct)
Footnotes (1)
- Annual stock retainer issued under the IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan in a transaction exempt under Rule 16(b)-3 of the Securities Exchange Act of 1934. Includes 2,204.775 shares acquired pursuant to the dividend reinvestment feature under the applicable compensation plan to date.
FAQ
What did IDACORP (IDA) director Dennis L. Johnson report in this Form 4?
Dennis L. Johnson reported receiving an award of 1,007 IDACORP common shares as an annual stock retainer. The shares were granted under the company’s 2000 Long-Term Incentive and Compensation Plan and did not involve an open-market purchase or sale.
Under what plan was the IDACORP (IDA) stock retainer granted to Dennis L. Johnson?
The stock retainer was granted under the IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan. This plan provides equity-based compensation to eligible participants, and the reported grant is described as an annual stock retainer for Johnson’s director service.
Is the IDACORP (IDA) stock award to Dennis L. Johnson exempt from short-swing profit rules?
The award is described as exempt under Rule 16(b)-3 of the Securities Exchange Act of 1934. Rule 16(b)-3 generally provides exemptions from short-swing profit recovery for certain board-approved grants and awards made under qualifying benefit or compensation plans.