Utilities
Idacorp Executive Compensation (FY25)
IDA · Boise, ID · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 21, 2026
242 figures on this page: 231 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Lisa Grow, President and CEO of IDACORP and Idaho Power, received $7,529,892 in total compensation for fiscal 2025, and Grow's total was 12.3% higher than the $6,704,645 reported for fiscal 2024. The company reported a chief executive pay ratio of 43:1 for fiscal 2025, against median employee compensation of $175,218. The say-on-pay proposal drew 94.5% support at the meeting held May 21, 2026 for fiscal 2025. The disclosed peer group includes ALLETE, Inc., Alliant Energy Corporation, Atmos Energy Corporation, Avista Corp. and Black Hills Corporation, among others.
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Lisa Grow President and CEO of IDACORP and Idaho Power | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Adam Richins Senior vice president and chief operating officer of Idaho Power | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Brian Buckham Senior vice president, chief financial officer, and treasurer of IDACORP and 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 | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Adam J. Richins | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Adam J. Richins | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Brian R. Buckham | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Brian R. Buckham | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jeffrey L. Malmen | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jeffrey L. Malmen | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Lisa A. Grow | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Lisa A. Grow | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Timothy E. Tatum | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Timothy E. Tatum | RSU | ◇ | — | — | ◇ | — | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Jeffrey Malmen | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Brian Buckham | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Timothy Tatum | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Lisa Grow | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Adam Richins | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
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 | ◇ |
| Total board 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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 21, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 15, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 16, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 18, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 19, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 20, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 21, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 16, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 17, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 18, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 19, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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 — $1,500Written 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 — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable 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.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
242 figures on this page: 231 cited to the filing that reported them, 11 calculated from figures it prints.
231 cited to the filing
11 calculated from the filing
Documents cited
- 0001057877-26-000108
- 0001057877-26-0000912025 Summary Compensation Table · Annual Director Compensation Amounts for 2025 · CEO Pay Ratio · Director Compensation · and 2 more sections
- 0001057877-25-000042
- 0001057877-25-0000282023 SUMMARY COMPENSATION TABLE · 2024 Summary Compensation Table
- 0001057877-24-000031Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001057877-24-0000202023 Summary Compensation Table
- 0001057877-23-000030Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001057877-23-000019Summary Compensation Table
- 0001057877-22-000039Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001057877-21-000095Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001057877-20-000142Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001057877-19-000088Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001057877-18-000085Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001057877-17-000110Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001057877-16-000283Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Idacorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/IDA (accessed 2026).
Short form: data: Velarion
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Utilities rankings
Peers Idacorp discloses
The companies named in IDA's own disclosed peer group.
Terms on this page
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}
}