Form 4: IDACORP Director Annette Elg Receives Stock Grant

IDACORP Director Annette G. Elg was granted 1,007 shares of common stock as an annual retainer under the company's long-term incentive plan.

Summary

• Annette G. Elg, a Director of IDACORP INC, acquired 1,007 shares of common stock.
• The transaction occurred on March 1, 2026, with a price of $0 per share, indicating a grant rather than a purchase.
• This acquisition represents an annual stock retainer issued under the IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan.
• The transaction is exempt under Rule 16(b)-3 of the Securities Exchange Act of 1934.
• Following this transaction, Ms. Elg beneficially owns a total of 10,245.036 shares of IDACORP common stock.
• This total includes 876.937 shares from her dividend reinvestment plan and 388.099 shares acquired via the dividend reinvestment feature under the applicable compensation plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive, routine event demonstrating standard corporate governance and compensation practices, aligning director interests with shareholders without indicating any material change in company operations or financial health.

Positives

• Director Annette G. Elg received an annual stock retainer, which helps align her interests with those of the company's shareholders.
• The grant is part of a structured long-term incentive and compensation plan, indicating a consistent approach to director remuneration.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that director stock grants are a common practice in corporate governance to align the interests of board members with those of shareholders, particularly in the utility sector where long-term stability and consistent returns are often prioritized.

Comparison to Industry Standards

• The issuance of stock as an annual retainer is a standard practice for compensating non-employee directors across various industries, including utilities, to foster long-term alignment with shareholder interests.
• Many companies, similar to IDACORP, utilize established long-term incentive plans (such as the 2000 Long-Term Incentive and Compensation Plan mentioned) to structure equity awards for directors and executives, ensuring transparency and adherence to corporate governance best practices.

Related Party Transactions

• The acquisition of 1,007 shares by Director Annette G. Elg as an annual stock retainer constitutes a related party transaction, which is a standard component of director compensation and is conducted under an established company plan.

Stakeholder Impact

• Shareholders: Interests are further aligned with the director through increased equity ownership, potentially fostering long-term value creation.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Key Dates

Recommendation

This Form 4 reports a routine stock grant to a director as part of their compensation, which is a standard corporate governance practice. It does not contain any new information that would fundamentally alter the investment thesis for IDACORP, hence a 'hold' recommendation is appropriate for existing investors.

Keywords

IDACORP, IDA, Form 4, insider transaction, stock grant, director compensation, equity ownership, beneficial ownership