Form 4: IDACORP Executive Mitchel D. Colburn Reports Stock Transactions

Mitchel D. Colburn, VP of Plan, Eng, & Const (IPC) at IDACORP INC, reported the vesting and subsequent disposal of restricted stock units.

Summary

• On January 1, 2025, Mitchel D. Colburn vested 467 restricted stock units, each representing one share of IDACORP INC common stock.
• Also on January 1, 2025, 467 shares were acquired at $0.00.
• On January 2, 2025, Colburn disposed of 212 shares of common stock at a price of $108.49 per share.
• Following these transactions, Colburn directly owns 1,892.503 shares of IDACORP INC common stock, which includes 83.503 shares in the dividend reinvestment plan.
• Cheryl W. Thompson, Attorney-in-Fact, signed the report on January 3, 2025, on behalf of Mitchel D. Colburn.
• Mitchel D. Colburn granted power of attorney to Brian Bishop, Julia A. Hilton, and Cheryl W. Thompson to execute and file Forms 3, 4, and 5 on his behalf, effective May 16, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with securities regulations.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like Duke Energy, Exelon, and Southern Company also have executives who regularly file Form 4s to report stock transactions.
• The reporting requirements and timelines are consistent across the industry, as mandated by the Securities and Exchange Commission (SEC).

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in insider ownership.
• The filing ensures transparency for stakeholders regarding executive compensation and stock ownership.

Key Dates