Form 4: IDACORP VP Adelman Reports Stock Awards, Tax Sale

IDACORP's VP of Power Supply, Ryan Adelman, reported receiving common stock from performance awards and restricted stock units, alongside a disposition for tax withholding.

Summary

• Ryan Adelman, VP of Power Supply (IPC) at IDACORP INC (IDA), reported changes in beneficial ownership.
• On February 20, 2026, Adelman acquired 1,788 shares of common stock for no consideration, resulting from the satisfaction of performance criteria for the 2023-2025 performance period.
• On the same date, Adelman disposed of 814 shares of common stock at a price of $139.89 per share, likely for tax withholding purposes related to the stock acquisition.
• Adelman also acquired 570 Restricted Stock Units (RSUs) on February 20, 2026, for no consideration. Each RSU represents a contingent right to receive one share of IDA common stock.
• Following these transactions, Adelman beneficially owns 5,424 shares of common stock directly and 570 Restricted Stock Units directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the achievement of performance criteria by a key executive, though partially offset by a tax-related stock disposition.

Positives

• The acquisition of 1,788 shares of common stock indicates the satisfaction of performance criteria for the 2023-2025 period, reflecting successful executive performance.
• The grant of 570 Restricted Stock Units aligns executive incentives with long-term shareholder value.

Negatives

• A disposition of 814 shares of common stock occurred, reducing direct share ownership, although this was likely for tax withholding related to the performance award.

Future Outlook

The 570 Restricted Stock Units acquired by Ryan Adelman are scheduled to vest on January 1, 2029, indicating a future conversion to common stock contingent on continued employment or other terms.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to executive compensation such as performance-based stock awards and subsequent tax-related dispositions, are standard practices across publicly traded companies in the utility sector and broader market. These filings provide transparency into executive ownership and incentive structures.

Stakeholder Impact

• Shareholders: The transactions reflect the company's executive compensation strategy, aligning management incentives with company performance. The disposition for tax purposes is a common practice and does not indicate a change in management's long-term view of the company.
• Employees: The performance-based award demonstrates the company's commitment to rewarding executive achievement.

Next Steps

• The 570 Restricted Stock Units are expected to vest on January 1, 2029, at which point they will convert into shares of IDACORP common stock.

Key Dates

Recommendation

This Form 4 details routine executive compensation events, including performance-based stock awards and a tax-related disposition. It does not provide new fundamental information to warrant a change in investment recommendation.

Keywords

IDACORP, IDA, Form 4, insider transaction, executive compensation, restricted stock units, performance award, stock disposition