Richins Adam J 4

What Happened

• Adam J. Richins, EVP and COO (IPC) of IDACORP (IDA), received a settlement of 7,625 performance-based shares on 2026-02-20 and a separate grant of 2,486 restricted stock units (RSUs). To cover tax withholding on the performance share payout, 3,406 shares were surrendered/withheld at $139.89 per share, producing proceeds of $476,465. The RSUs are derivative awards that do not convert to shares until vesting.

Key Details

• Transaction date: February 20, 2026; Form 4 filed February 24, 2026 (timely).
• Awards received: 7,625 shares (performance-based units settled for common stock; received for no consideration — F1).
• Tax withholding: 3,406 shares disposed at $139.89 each; total $476,465 (code F — payment of tax liability).
• RSU grant: 2,486 restricted stock units (derivative, $0.00 per unit); each RSU converts to one share if/when vested (F2). These RSUs vest on January 1, 2029 (F3).
• Net immediate increase in common shares held from the performance settlement: 4,219 shares (7,625 awarded − 3,406 withheld).
• Shares owned after the transaction: not specified in the provided details.

Context

• This filing reflects routine equity compensation settlement and tax withholding rather than an open-market buy or sell. The 7,625 performance shares were issued for no cash consideration upon meeting performance criteria for the 2023–2025 period; the 2,486 RSUs are contingent awards that will only convert to shares if/when they vest in 2029. Tax-withholding via share surrender is common and does not necessarily indicate a change in the insider’s view of the company.