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Utilities

Idacorp Executive Compensation (FY25)

IDA · Boise, ID · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Lisa Grow
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 21, 2026
15 filings cited on this page
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Idacorp brief$1,500Get the executive brief
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266 figures on this page: 255 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Lisa Grow: $6,704,645 → $7,529,892 (12.3% higher)
CEO pay ratio: 38:1 → 43:1 (13.2% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Idacorp's chief executive and what were they paid?
Lisa Grow, President and CEO of IDACORP and Idaho Power, received $7,529,892 in total compensation for fiscal 2025. Grow's total was 12.3% higher than the $6,704,645 reported for fiscal 2024.
What was Idacorp's say-on-pay result?
The say-on-pay proposal drew 94.5% support at the meeting held May 21, 2026 for fiscal 2025.
Which companies are in Idacorp's peer group?
The disclosed peer group includes ALLETE, Inc., Alliant Energy Corporation, Atmos Energy Corporation, Avista Corp. and Black Hills Corporation, among others.
What is Idacorp's chief executive pay ratio?
The company reported a chief executive pay ratio of 43:1 for fiscal 2025, against median employee compensation of $175,218.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lisa Grow
President and Chief Executive Officer, IDACORP and Idaho Power
◇—◇—◇—◇◇
Adam Richins
Senior Vice President and Chief Operating Officer, Idaho Power
◇—◇—◇—◇◇
Steven Keen
Former Senior Vice President and Chief Financial Officer, IDACORP and Idaho Power
Departed during or after this year
◇—◇—◇—◇◇
Brian Buckham
Senior Vice President and Chief Financial Officer, IDACORP and Idaho Power
◇—◇—◇—◇◇
Jeffrey Malmen
Senior Vice President of Public Affairs, IDACORP and Idaho Power
◇—◇—◇—◇◇
Ken Petersen
Vice President, Chief Accounting Officer, and Treasurer, IDACORP and Idaho Power
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lisa Grow
President and Chief Executive Officer, IDACORP and Idaho Power
◇—◇—◇◇◇◇
Adam Richins
Senior Vice President, External Affairs and Customer Experience, Idaho Power
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lisa Grow
President and CEO
◇—◇—◇◇◇◇
Adam Richins
SVP and COO
◇—◇—◇◇◇◇
Brian Buckham
SVP, CFO, and Treasurer
◇—◇—◇◇◇◇
Jeffrey Malmen
SVP of Public Affairs
◇—◇—◇◇◇◇
Timothy Tatum
VP of Regulatory Affairs
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lisa Grow
President and CEO of IDACORP and Idaho Power
◇—◇—◇◇◇◇
Brian Buckham
Executive vice president, chief financial officer, and treasurer of IDACORP and Idaho Power
◇—◇—◇◇◇◇
Adam Richins
Executive vice president and chief operating officer of Idaho Power
◇—◇—◇◇◇◇
Jeffrey Malmen
Senior vice president of public affairs of IDACORP and Idaho Power
◇—◇—◇◇◇◇
Timothy Tatum
Vice president of regulatory affairs of Idaho Power
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Adam J. RichinsRSU◇——◇——◇
Adam J. RichinsPSU◇◇◇—◇—◇
Brian R. BuckhamRSU◇——◇——◇
Brian R. BuckhamPSU◇◇◇—◇—◇
Jeffrey L. MalmenRSU◇——◇——◇
Jeffrey L. MalmenPSU◇◇◇—◇—◇
Lisa A. GrowRSU◇——◇——◇
Lisa A. GrowPSU◇◇◇—◇—◇
Timothy E. TatumRSU◇——◇——◇
Timothy E. TatumPSU◇◇◇—◇—◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Adam RichinsRSU◇◇——
RSU◇◇——
Timothy TatumRSU◇◇——
RSU◇◇——
Lisa GrowRSU◇◇——
RSU◇◇——
Brian BuckhamRSU◇◇——
RSU◇◇——
Jeffrey MalmenRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Adam Richins
Executive vice president and chief operating officer of Idaho Power · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Brian Buckham
Executive vice president, chief financial officer, and treasurer of IDACORP and Idaho Power · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Jeffrey Malmen
Senior vice president of public affairs of IDACORP and Idaho Power · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Lisa Grow
President and CEO of IDACORP and Idaho Power · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Timothy Tatum
Vice president of regulatory affairs of Idaho Power · Terms as described in the company’s compensation discussion · citing a 2025 filing
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dennis L. Johnson
Board chair
◇◇————◇
Judith A. Johansen
◇◇————◇
Annette G. Elg
◇◇————◇
Nate R. Jorgensen
◇◇————◇
Susan D. Morris
◇◇————◇
Odette C. Bolano
◇◇————◇
Dr. Mark T. Peters
◇◇————◇
Scott W. Madison
◇◇————◇
Michael J. Kennedy
◇◇————◇
Richard J. Navarro
◇◇————◇
Ronald W. Jibson
◇◇————◇
Lisa A. Grow and Sharon L. Miller served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • ALLETE, Inc. ALE
  • Alliant Energy Corporation LNT
  • Atmos Energy Corporation ATO
  • Avista Corp. AVA
  • Black Hills Corporation BKH
  • Hawaiian Electric Industries, Inc. HE
  • Northwest Natural Holding Co. NWN
  • NorthWestern Energy Group, Inc. NWE
  • OGE Energy Corp. OGE
  • ONE Gas, Inc. OGS
  • Pinnacle West Capital Corp. PNW
  • Portland General Electric Co. POR
  • Spire Inc. SR
  • TXNM Energy, Inc. TXNM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 16, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 19, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Lisa Grow (President and CEO of IDACORP and Idaho Power), FY2025 total compensation $7,529,892 (base salary $1,050,000) [exec_comp, SEC accession 0001057877-26-000091, filed 2026-04-02]

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What this page does not include

Everything above is a fact Idacorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Idacorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
266 figures on this page: 255 cited to the filing that reported them, 11 calculated from figures it prints.
255 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001057877-26-000108
  2. 0001057877-26-000091
    2025 Summary Compensation Table · Annual Director Compensation Amounts for 2025 · CEO Pay Ratio · Director Compensation · and 2 more sections
  3. 0001057877-25-000042
  4. 0001057877-25-000028
    2024 Summary Compensation Table · Compensation Discussion and Analysis
  5. 0001057877-24-000031
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001057877-24-000020
    2023 Summary Compensation Table
  7. 0001057877-23-000030
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001057877-23-000019
    Summary Compensation Table
  9. 0001057877-22-000039
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001057877-21-000095
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001057877-20-000142
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001057877-19-000088
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001057877-18-000085
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001057877-17-000110
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001057877-16-000283
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “Idacorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/IDA (accessed 2026).
Short form: data: Velarion

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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers Idacorp discloses

The companies named in IDA's own disclosed peer group.

ALLETE, Inc.Alliant Energy CorporationAtmos Energy CorporationAvista Corp.Black Hills CorporationHawaiian Electric Industries, Inc.Northwest Natural Holding Co.NorthWestern Energy Group, Inc.OGE Energy Corp.ONE Gas, Inc.Pinnacle West Capital Corp.Portland General Electric Co.Spire Inc.TXNM Energy, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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