Adelman Ryan 4

What Happened
Ryan Adelman, Vice President of Power Supply (IPC) at IDACORP (IDA), received equity awards tied to performance and restricted-stock units and had 814 shares withheld/sold to satisfy tax withholding. Specifically, 1,788 shares were issued to him upon satisfaction of 2023–2025 performance criteria (no cash paid), and 570 restricted stock units (RSUs) were awarded (derivative grant). Simultaneously, 814 shares were disposed at $139.89 per share to cover tax liability, generating proceeds of $113,870.

Key Details

• Transaction date: 2026-02-20; Form 4 filed 2026-02-24 (timely within required reporting window).
• Acquisitions:
  • 1,788 shares (code A) received for no consideration upon satisfying performance-based unit criteria (2023–2025).
  • 570 RSUs (derivative grant) recorded at $0.00; each RSU represents a right to one share.
• Disposal:
  • 814 shares withheld/disposed (code F) at $139.89 for tax withholding — proceeds $113,870.
• Vesting/other notes:
  • The 570 RSUs vest on January 1, 2029 (per footnote).
• Shares owned after the transaction: not specified in the filing.

Context
This filing reflects an award issuance (a compensation event) rather than a market purchase signal. The 814-share disposition was a tax-withholding action commonly used when stock awards vest — it does not necessarily indicate a voluntary sale for investment purposes. The RSUs are contingent rights to future shares and will only convert to stock if vesting conditions are met (vesting date shown as Jan 1, 2029).