IDACORP enters forward sale for up to 5.18M shares at $107.67

IDACORP INC

Base forward sale of 4,504,505 shares plus underwriter option for 675,675 shares (total up to 5,180,180 shares).
Initial forward price $107.67/share; settlement by November 9, 2026 at IDACORP's option via physical, cash, or net share.
Shares borrowed and sold to underwriters; dilution will occur if IDACORP physically settles.
Forward price adjusted daily by Overnight Bank Funding Rate minus 0.75% spread and reduced for expected dividends.

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