Form 4: IDACORP SVP Malmen Reports Stock Transactions

IDACORP's SVP of Public Affairs, Jeffrey L. Malmen, reported the acquisition of common stock from performance units and restricted stock units, alongside a sale for tax purposes.

Summary

• Jeffrey L. Malmen, SVP of Public Affairs at IDACORP INC (IDA), reported changes in his beneficial ownership of company securities.
• Malmen acquired 4,957 shares of common stock on February 20, 2026, which were received for no consideration upon the satisfaction of performance criteria for the 2023-2025 performance period.
• On the same date, Malmen disposed of 2,215 shares of common stock at a price of $139.89 per share, likely for tax withholding purposes.
• Following these transactions, Malmen directly beneficially owns 19,854 shares of common stock.
• Additionally, Malmen acquired 1,354 Restricted Stock Units (RSUs) on February 20, 2026, with each unit representing a contingent right to receive one share of IDA common stock.
• These Restricted Stock Units are scheduled to vest on January 1, 2029.
• Malmen directly beneficially owns 1,354 Restricted Stock Units after this transaction.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the successful achievement of performance criteria leading to equity awards for an executive, which generally aligns management incentives with company success. The sale for tax purposes is a routine occurrence.

Positives

• Jeffrey L. Malmen acquired 4,957 shares of common stock due to the satisfaction of performance criteria for the 2023-2025 period, indicating successful achievement of company goals.
• The acquisition of 1,354 Restricted Stock Units aligns management's interests with long-term shareholder value through future equity vesting.

Negatives

• Jeffrey L. Malmen disposed of 2,215 shares of common stock, which, while likely for tax purposes, represents a reduction in direct ownership.

Future Outlook

The 1,354 Restricted Stock Units acquired by Jeffrey L. Malmen are set to vest on January 1, 2029, indicating a future equity award conversion.

Industry Context

StockSavvy.ai notes that insider transactions, such as those reported in a Form 4, provide insights into management's direct ownership changes. The acquisition of shares through performance awards and RSUs is a common component of executive compensation, aligning executive incentives with company performance and long-term shareholder value. The disposition of shares for tax withholding is also a routine event following equity awards.

Stakeholder Impact

• Shareholders: The acquisition of shares through performance awards and RSUs by a senior executive can be seen as a positive signal, indicating management's continued vested interest in the company's long-term performance.
• Employees: The structure of performance-based units and RSUs reflects a compensation strategy that ties executive rewards to company performance, potentially motivating other employees.

Next Steps

• The 1,354 Restricted Stock Units will vest on January 1, 2029, at which point they will convert into shares of IDACORP common stock.

Key Dates

Keywords

IDACORP, IDA, Insider Transaction, Form 4, Common Stock, Restricted Stock Units, Performance-Based Units, Executive Compensation, Beneficial Ownership