[Form 4] IDACORP, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider transactions by Timothy E. Tatum at IDACORP (IDA) show a mix of award receipts and open-market sales. Mr. Tatum had 535 restricted stock units vest and received 1,070 shares for satisfaction of performance-based awards awarded for the 2022–2024 period, both issued for no consideration. He sold a total of 2,781 shares in three transactions at prices ranging from $108.49 to $115.34. After these transactions the reporting table shows 58.777 shares held directly and 3,232.8076 shares held indirectly in a 401(k) plan. The filing documents routine compensation vesting and subsequent insider sales without additional context about purpose.

Positive

• 1,070 performance-based shares were received for no consideration, reflecting attainment of the 2022–2024 performance criteria
• 535 restricted stock units vested, converting to common shares without cash outlay
• 3,232.8076 shares remain indirectly held in a 401(k) plan, representing continued long-term ownership

Negative

• Total insider sales of 2,781 shares across three transactions (270 at $108.49; 505 at $114.20; 2,006 at $115.34), which materially reduced direct holdings
• Direct beneficial ownership declined to 58.777 shares following reported sales, leaving minimal direct holdings disclosed on this Form 4
• Officer-level seller (VP Regulatory Affairs) executed sizable open-market sales in the reporting period

Insights

Financial Analyst

TL;DR: Insider received 1,605 award shares and sold 2,781 shares, leaving minimal direct holdings but significant 401(k) exposure.

From a capital-markets perspective, the filing documents compensation-related issuances (535 vested RSUs plus 1,070 performance-based shares) and contemporaneous sales totaling 2,781 shares at prices between $108.49 and $115.34. These transactions reduced direct holdings to 58.777 shares while the reporting person retains 3,232.8076 shares indirectly via a 401(k). The mix of awards and sales is typical for executive compensation monetization; the filing does not indicate unusual financing or large dilutive corporate actions.

Corporate Governance Expert

TL;DR: Activity reflects routine award vesting and subsequent sales; no governance red flags are evident from the filing alone.

The record shows vested RSUs and performance-based shares delivered for no consideration and later open-market sales. The reporting person is identified as a company officer (VP Regulatory Affairs), and the filing discloses both direct and indirect holdings, including dividend reinvestment plan balances. There is no disclosure in this form of policy breaches, planned transactions under an affirmative defense plan, or insider trading unrelated to compensation. Material governance implications cannot be drawn from this document alone.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Tatum Timothy E

(Last) (First) (Middle)

1221 W IDAHO ST

(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 Regulatory Affairs

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2025

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	01/01/2025		M		535	A	$0.00(1)	1,767.41(2)	D
Common Stock	01/02/2025		F		270	D	$108.49	1,497.41(2)	D
Common Stock	02/21/2025		A		1,070	A	(3)	2,567.41(2)	D
Common Stock	02/21/2025		F		505	D	$114.2	2,062.41(2)	D
Common Stock	03/12/2025		S		2,006	D	$115.34	58.777(4)	D
Common Stock (401(k))								3,232.8076(5)	I	By Plan Trustee

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	$0.00(1)	01/01/2025		M			535	(6)	(6)	Common Stock	535	$0.00	0	D
Restricted Stock Units	$0.00(1)	02/21/2025		A		684		(7)	(7)	Common Stock	684	$0	684	D

Explanation of Responses:

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

2. Includes 56.410 shares in the reporting person's dividend reinvestment plan as of the transaction date.

3. These shares were received for no consideration upon the satisfaction of performance criteria underlying an award of performance-based units for the 2022-2024 performance period.

4. Comprised of 58.777 shares in the reporting person's dividend reinvestment plan as of the transaction date.

5. Total shares in 401(k) plan to date.

6. The restricted stock units vested on January 1, 2025.

7. The restricted stock units vest on January 1, 2028.

	/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 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.
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 IDACORP insider Timothy Tatum receive according to the Form 4?

The filing shows 535 restricted stock units vested and 1,070 shares issued for satisfaction of performance-based awards for the 2022–2024 period, both granted for no consideration.

How many shares did the insider sell and at what prices (IDA)?

Mr. Tatum sold a total of 2,781 shares: 270 at $108.49, 505 at $114.20, and 2,006 at $115.34 as reported on the Form 4.

What are Timothy Tatum's holdings after these transactions?

The Form 4 reports 58.777 shares held directly and 3,232.8076 shares held indirectly in a 401(k) plan following the reported transactions.

Was any consideration paid for the performance-based shares?

No consideration was paid; the filing states the 1,070 shares were received for no consideration upon satisfaction of performance criteria.

What is the reporting person's role at IDACORP?

The filing identifies the reporting person as an officer with the title VP Regulatory Affairs.