Colburn Mitchel D 4

What Happened

• Mitchel D. Colburn, Vice President of Plant, Engineering & Construction (IPC) at IDACORP (IDA), received equity awards and completed share dispositions in late February 2026. On Feb 20, 2026 he was granted 1,629 performance-based shares (no consideration) and 557 restricted stock units (RSUs). To satisfy tax withholding, 665 of the shares were surrendered at $139.89 per share, representing proceeds of $93,027. On Feb 23, 2026 he sold 1,300 shares in an open-market transaction at a weighted average price of $142.65 per share for total proceeds of $185,439.
• The net activity: acquisition of performance-based shares and RSUs (an acquisition is typically considered neither an outright market buy nor a market sell) combined with a market sale and tax-withholding disposition. Receipts of awards are not purchases (they are grants); the open-market sale and the share withholding are disposals.

Key Details

• Transaction dates and prices:
  • Feb 20, 2026: Award of 1,629 performance-based shares (no consideration) and 557 RSUs (derivative), and tax withholding of 665 shares at $139.89/share (proceeds $93,027).
  • Feb 23, 2026: Open-market sale of 1,300 shares at a weighted average price of $142.65/share (proceeds $185,439). The sale executed in multiple trades at prices ranging $142.57–$142.78.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: The 1,629 shares were received for no consideration upon satisfaction of performance criteria for the 2023–2025 performance period.
  • F4/F5: Each RSU represents a contingent right to one share; the RSUs vest on January 1, 2029.
  • F2: The filing notes 148.694 shares held via dividend reinvestment to date.
  • F3: Sale executed in multiple trades; weighted average reported; detailed per-trade info available upon request to SEC staff or issuer.
  • F (tax withholding): 665 shares were surrendered to cover taxes (common practice on granted awards).
• Filing date: Form 4 filed Feb 24, 2026 reporting transactions on Feb 20–23, 2026. The filing does not state any 10b5-1 plan or other trading plan.

Context

• The awards are performance-based and RSUs (derivative awards). RSUs are contingent rights that convert to shares only upon vesting (here, Jan 1, 2029), so those RSUs are not immediate free-trading stock.
• The 665-share disposition was a tax-withholding event related to the grant (code F), not a market sell for investment reasons. The separate 1,300-share sale was an open-market sale and appears routine; filings do not provide the insider’s motivation.
• For retail investors: acquisitions via awards signal company compensation/retention actions rather than an out-of-pocket insider purchase. Open-market sales are common and not by themselves a clear bearish signal.