Form 4: IDACORP INC Executive Amy I Shaw Reports Acquisition and Disposal of Shares

Amy I Shaw, VP of Finance, Compliance, & Risk at IDACORP INC, reports acquiring 300 shares and disposing of 152 shares of common stock on February 21, 2025, along with acquiring 465 restricted stock units.

Summary

• On February 21, 2025, Amy I Shaw, VP of Finance, Compliance, & Risk at IDACORP INC, acquired 300 shares of common stock.
• These shares were received at no cost due to the satisfaction of performance criteria for the 2022-2024 performance period.
• On the same day, Ms. Shaw disposed of 152 shares at a price of $114.2.
• Following these transactions, Ms. Shaw beneficially owns 654.139 shares of common stock, which includes 18.139 shares in the dividend reinvestment plan.
• Additionally, Ms. Shaw acquired 465 restricted stock units, each representing a contingent right to receive one share of IDA common stock, vesting on January 1, 2028.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The acquisition of shares due to performance is a positive sign, but the disposal of shares introduces a slight negative aspect. Overall, it's a routine transaction.

Positives

• The acquisition of 300 shares due to performance criteria satisfaction indicates positive performance for the company during the 2022-2024 period.

Negatives

• The disposal of 152 shares could be interpreted negatively, although it's a small portion of the overall holdings.

Future Outlook

The vesting of restricted stock units on January 1, 2028, suggests a long-term incentive for the executive.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's future.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, and restricted stock units.
• The vesting schedule of the restricted stock units (January 1, 2028) is a typical long-term incentive structure.
• Comparing the size of the stock transactions and the number of restricted stock units to those of executives at comparable utility companies (e.g., Duke Energy, Southern Company) would provide a benchmark for assessing the magnitude of this compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing insight into executive sentiment and aligning executive interests with long-term company performance.
• Employees may view the performance-based share acquisition as a positive indicator of company success.

Key Dates