Form 4: IDACORP Director Dennis L. Johnson Reports Stock Acquisition

Director Dennis L. Johnson acquired 1,588 shares of IDACORP INC common stock on March 1, 2024, as part of an annual stock retainer.

Summary

• On March 1, 2024, Dennis L. Johnson, a director of IDACORP INC, acquired 1,588 shares of common stock.
• The acquisition was part of the annual stock retainer issued under the IDACORP, Inc. Non-Employee Directors Stock Compensation Plan.
• The transaction was exempt under Rule 16(b)-3 of the Securities Exchange Act of 1934.
• Following the transaction, Johnson beneficially owns 14,978.122 shares of IDACORP INC common stock, which includes 1,407.122 shares acquired through dividend reinvestment.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares suggests confidence, but it's part of a standard compensation plan.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This type of stock compensation is common for non-employee directors to align their interests with those of the shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock options or grants to incentivize performance and align interests with shareholders.
• The specific terms of IDACORP's Non-Employee Directors Stock Compensation Plan would need to be compared to those of peer companies in the utilities sector to assess its competitiveness.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates