Director receives 1,007-share stock award at IDACORP (NYSE: IDA)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IDACORP, Inc. director Mark T. Peters reported receiving a stock award of 1,007 shares of Common Stock as his annual stock retainer under the IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan. The award was recorded at $0.00 per share, increasing his direct holdings to 7,371 shares. The transaction is described as a grant or award acquisition and is exempt under Rule 16(b)-3 of the Securities Exchange Act of 1934.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Peters Mark T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,007 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,371 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did IDACORP (IDA) report for Mark T. Peters?
IDACORP reported that director Mark T. Peters received a stock award of 1,007 Common Stock shares. The award represents his annual stock retainer under the company’s 2000 Long-Term Incentive and Compensation Plan and was classified as a grant or award acquisition rather than an open-market purchase.
Was the IDACORP (IDA) stock award to Mark T. Peters a cash purchase?
No, the 1,007-share award to Mark T. Peters was reported at a price of $0.00 per share. The Form 4 classifies it as a grant or award acquisition, reflecting equity compensation rather than a cash-funded, open-market stock purchase by the director.
How is the Mark T. Peters IDACORP (IDA) stock award treated under SEC rules?
The award is described as exempt under Rule 16(b)-3 of the Securities Exchange Act of 1934. This rule provides an exemption from short-swing profit recovery for certain transactions, including director compensation grants made under approved issuer equity compensation plans like IDACORP’s 2000 plan.
What type of security did Mark T. Peters receive from IDACORP (IDA) in this transaction?
Mark T. Peters received Common Stock of IDACORP in this transaction. The Form 4 lists the security title as Common Stock, with 1,007 shares granted as an annual stock retainer, increasing his total directly held IDACORP Common Stock position to 7,371 shares after the award.