Form 4: IDACORP VP Tatum Acquires Shares, RSUs

IDACORP's VP of Regulatory Affairs, Timothy E. Tatum, reported the acquisition of common stock and restricted stock units, alongside a disposition for tax purposes.

Summary

• Timothy E. Tatum, VP Regulatory Affairs (IPC) at IDACORP INC (IDA), reported transactions on February 20, 2026.
• Acquired 2,019 shares of common stock for no consideration, resulting from the satisfaction of performance criteria for the 2023-2025 performance period.
• Disposed of 911 shares of common stock at a price of $139.89 per share, likely for tax withholding related to the performance-based award.
• Beneficially owns 1,479.014 shares of common stock directly, which includes 60.014 shares from a dividend reinvestment plan.
• Indirectly owns 3,300.5356 shares of common stock through a 401(k) plan.
• Acquired 588 Restricted Stock Units (RSUs), with each unit representing a contingent right to receive one share of IDA common stock.
• The Restricted Stock Units are scheduled to vest on January 1, 2029.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event. While a portion of shares was disposed for tax, the net increase in beneficial ownership and the receipt of performance-based awards indicate management's continued alignment with shareholder interests and achievement of company goals.

Positives

• The acquisition of 2,019 shares of common stock and 588 Restricted Stock Units increases insider ownership, aligning management interests with shareholders.
• The shares were received upon the satisfaction of performance criteria, indicating successful achievement of company goals for the 2023-2025 period.

Negatives

• The disposition of 911 shares of common stock at $139.89 per share for tax withholding is a standard event and not inherently negative, but it reduces the net shares acquired.

Future Outlook

The Restricted Stock Units acquired by Timothy E. Tatum are scheduled to vest on January 1, 2029, indicating a future conversion of these units into common stock, subject to continued employment and other conditions.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those related to performance-based compensation and tax withholding, are common across the utility sector. These transactions typically reflect pre-arranged compensation plans rather than discretionary market purchases or sales, and are generally not indicative of broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Increased insider ownership through performance-based awards and RSUs can be viewed positively, as it aligns management's long-term interests with those of shareholders.

Next Steps

• The 588 Restricted Stock Units are expected to vest on January 1, 2029, at which point they will convert into shares of IDA common stock.

Key Dates

Keywords

IDACORP, IDA, Form 4, Insider Transaction, Common Stock, Restricted Stock Units, Performance-based Award, Executive Compensation