IDACORP (IDA) EVP Richins receives stock awards, withholds shares for taxes

Rhea-AI Filing Summary

IDACORP EVP and COO (IPC) Adam J. Richins reported equity compensation changes. He acquired 2,486 restricted stock units for no cash consideration upon meeting performance criteria for the 2023–2025 period. Each unit equals one IDACORP common share and vests on January 1, 2029.

On the same date, he also received 7,625 shares of common stock as a grant, and 3,406 shares of common stock were disposed of to satisfy tax withholding obligations at a price of $139.89 per share, leaving him with 20,050 common shares directly owned.

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^*

Richins Adam J

(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)
	EVP and COO (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		7,625	A	(1)	23,456	D
Common Stock	02/20/2026		F		3,406	D	$139.89	20,050	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		2,486		(3)	(3)	Common Stock	2,486	$0	2,486	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 did IDACORP (IDA) executive Adam J. Richins report in this Form 4?

Adam J. Richins reported new equity awards and a related tax share disposition. He acquired restricted stock units and common shares for no cash consideration, and a portion of shares was withheld and disposed of to cover tax obligations tied to the award.

How many restricted stock units did Adam J. Richins receive from IDACORP (IDA)?

Adam J. Richins received 2,486 restricted stock units. These units were granted for no consideration after performance criteria for the 2023–2025 period were satisfied, and each unit represents the right to receive one share of IDACORP common stock at vesting.

When do the restricted stock units granted to Adam J. Richins at IDACORP vest?

The restricted stock units vest on January 1, 2029. Until that date, each unit is a contingent right to receive one share of IDACORP common stock, meaning the underlying shares are delivered only after the vesting date is reached.

How many IDACORP (IDA) common shares were granted to Adam J. Richins in this filing?

Adam J. Richins was granted 7,625 shares of IDACORP common stock. These shares were acquired for no cash consideration as part of equity compensation, increasing his direct common stock holdings before taking into account shares used to cover taxes.

Why were 3,406 IDACORP (IDA) shares disposed of in Adam J. Richins’ Form 4?

3,406 shares were disposed of to satisfy tax withholding obligations. The disposition used a price of $139.89 per share and reflects a tax-withholding transaction related to the equity award, rather than an open-market sale by the executive.

How many IDACORP (IDA) common shares does Adam J. Richins own after these transactions?

After these transactions, Adam J. Richins directly owns 20,050 common shares. This figure reflects his updated holding following the share grants and the tax-withholding disposition reported in the Form 4 filing.