Idacorp Inc DEF 14A, filed Apr 1, 2025

Idacorp Inc (IDA)

DEF 14A 2025-04-01 For: 2024-12-31

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Added on June 12, 2026

About this DEF 14A

Idacorp Inc filed this DEF 14A on April 1, 2025.

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□			Preliminary Proxy Statement
□			Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
þ			Definitive Proxy Statement
□			Definitive Additional Materials
□			Soliciting Material under §240.14a-12


Date and Time:			Thursday, May 15, 2025 at 10:00 a.m. (Mountain Time)

Place:			To register for and participate in the live online Annual Meeting, please visit www.proxydocs.com/IDA. Please note that you will need the control number included on your proxy card and Notice of Internet Availability in order to register for and to access the Annual Meeting. Registration to participate is due by 3:00 p.m. (Mountain Time) on Wednesday, May 14, 2025.
Items of Business:			•To elect ten directors nominated by the board of directors for one-year terms; •To vote on an advisory resolution to approve executive compensation; •To approve the IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan, as amended and restated, including the authorization of 1,100,000 additional shares; •To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2025; and •To transact such other business that may properly come before the meeting and any adjournments or postponements of the meeting.
Other Matters:			As of the date of this notice, the company has received no notice of any matters, other than those listed above, that may properly be presented at the Annual Meeting. If any other matters are properly presented for consideration at the meeting, the persons named as proxies on the proxy card that accompanies this proxy statement, or their duly constituted substitutes, will be deemed authorized to vote the shares represented by proxy or otherwise act on those matters in accordance with their judgment.
Record Date:			Holders of record of IDACORP common stock at the close of business on March 26, 2025, are entitled to notice of and to vote at the Annual Meeting or any adjournment or postponement of the Annual Meeting.
How to Vote:			Please vote your shares at your earliest convenience. Registered holders may vote (a) by internet prior to the Annual Meeting at www.proxydocs.com/IDA; (b) by Internet during the Annual Meeting at www.proxydocs.com/IDA (advance registration required); (c) by toll-free telephone by calling (866) 702-2221; or (d) by mail (if you received a paper copy of the proxy materials by mail) by marking, signing, dating, and promptly mailing the enclosed proxy card in the postage-paid envelope. If you hold your shares through an account with a brokerage firm, bank, or other nominee, please follow the instructions you receive from them to vote your shares.


						Page
PROXY STATEMENT HIGHLIGHTS						i

PART 1 – INFORMATION ABOUT THIS PROXY STATEMENT AND THE ANNUAL MEETING						1
General Information						1

PART 2 – CORPORATE GOVERNANCE AT IDACORP						2

PART 3 – BOARD OF DIRECTORS						16
PROPOSAL NO. 1: Election of Directors						16
Committees of the Board of Directors						22
Director Compensation						24

PART 4 – EXECUTIVE COMPENSATION						27
Compensation Discussion and Analysis						27
Compensation and Human Resources Committee Report						42
Our Compensation Policies and Practices as They Relate to Risk Management						43
Compensation Tables						44
2024 Summary Compensation Table						44
Grants of Plan-Based Awards in 2024						45
Outstanding Equity Awards at Fiscal Year-End 2024						47
Option Exercises and Stock Vested During 2024						48
Pension Benefits for 2024						49
Potential Payments Upon Termination or Change in Control						54
PROPOSAL NO. 2: Advisory Resolution to Approve Executive Compensation						62
CEO Pay Ratio						63
Pay Versus Performance						64

PART 5 – EQUITY COMPENSATION PLAN APPROVAL						68
PROPOSAL NO. 3: Approval of the IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan, as Amended and Restated						68

PART 6 – AUDIT COMMITTEE MATTERS						77
PROPOSAL NO. 4: Ratification of Appointment of Independent Registered Public Accounting Firm						77
Independent Accountant Billings						78
Policy on Audit Committee Pre-Approval of Audit and Non-Audit Services						79
Report of the Audit Committee						80

PART 7 – OTHER MATTERS						81
Other Business						81
Shared-Address Shareholders						81
2026 Annual Meeting of Shareholders						81
Annual Report and Financial Statements						81
Questions and Answers About the Annual Meeting, this Proxy Statement, and Voting						82

APPENDICES						A-1
APPENDIX A – IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan, as Amended and Restated						A-1



Internet	Telephone	Mail	Virtual
For registered holders, visit www.proxydocs.com/IDA to vote. If your shares are held in street name, follow the instructions delivered to you by your bank or broker. You will need the control number included in your proxy card, voter instruction form, or Notice of Internet Availability.	For registered holders, call 1-866-702-2221. If your shares are held in street name, call the number on your voter instruction form. You will need the control number included in your proxy card, voter instruction form, or Notice of Internet Availability.	Mail your completed and signed proxy card or voter instruction form (if you received a paper copy of the proxy materials by mail) to the address on your proxy card or voter instruction form.	To register for and vote in the live online Annual Meeting, please visit www.proxydocs.com/IDA. To register, you will need the control number included on your proxy card or Notice of Internet Availability. Registration is due by 3:00 p.m. (Mountain Time) on Wednesday, May 14, 2025.


Summary Description of Voting Matters			Board Voting Recommendation
1. Election of ten director nominees for a one-year term			ü FOR each director nominee
2. Advisory resolution to approve our executive compensation			ü FOR
3. Approval of the IDACORP, Inc. 2000 Long-Term Incentive and Compensation Plan, as amended and restated, including the authorization of 1,100,000 additional shares			ü FOR
4. Ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for 2025			ü FOR



Dennis L. Johnson Chair of the Board of Directors			Lisa A. Grow President and CEO


						In the chart above, the term “ADITC” refers to accumulated deferred investment tax credits.



PROXY STATEMENT IDACORP, Inc. – 1221 West Idaho Street – Boise, Idaho 83702 PART 1 – INFORMATION ABOUT THIS PROXY STATEMENT AND THE ANNUAL MEETING


ü	Annual election of all directors	ü	Majority vote resignation policy for directors in uncontested elections
ü	Independent chair	ü	Compensation clawback policy
ü	10 of our 11 current directors, and 9 of our 10 director nominees, are independent	ü	Stock retention requirement for officers
ü	Regular board and committee executive sessions by non-management and independent directors	ü	Mandatory continuing education requirements for our directors
ü	Mandatory director retirement age of 72	ü	No shareholder rights plan
ü	Stock ownership requirement for directors and officers and performance-based RSUs are not counted toward the requirement	ü	Independent audit, compensation and human resources, and corporate governance and nominating committees
ü	Prohibition on hedging and pledging of securities for directors and officers	ü	Robust codes of conduct and ethics, reviewed by our board
ü	Annual self-evaluations of the board and committees	ü	Significant participation by the board in succession planning
ü	Board oversight of our cultural values of safety, integrity, and respect


Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership	Percent of Class
BlackRock, Inc.	5,973,8561	11.1%
50 Hudson Yards
New York, NY 10001
The Vanguard Group, Inc.	5,774,2742	10.7%
100 Vanguard Blvd.
Malvern, PA 19355
Wellington Management Group LLP	3,424,9563	6.3%
c/o Wellington Management Company LLP
280 Congress Street
Boston, MA 02210


Name (a)	Fees Earned or Paid in Cash ($) (b)1		Stock Awards ($) (c)2	Option Awards ($) (d)		Non-Equity Incentive Plan Compensation ($) (e)	Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) (f)	All Other Compensation ($) (g)3	Total ($) (h)
Odette C. Bolano		108,500	139,919		—	—	—	—	248,419
Richard J. Dahl4		87,708	58,329		—	—	—	—	146,037
Lisa A. Grow5		—	—		—	—	—	—	—
Annette G. Elg		120,500	139,919		—	—	—	—	260,419
Ronald W. Jibson		108,500	139,919		—	—	—	—	248,419
Judith A. Johansen		134,000	139,919		—	—	—	—	273,919
Dennis L. Johnson		189,667	139,919		—	—	—	—	329,586
Nate R. Jorgensen		112,000	139,919		—	—	—	—	251,919
Jeff Kinneeveauk4		46,667	58,329		—	—	—	—	104,996
Susan D. Morris		112,000	139,919		—	—	—	—	251,919
Richard J. Navarro		130,000	139,919		—	—	—	1,000	270,919
Mark T. Peters		107,500	139,919		—	—	—	—	247,419


Annual Director Compensation Amounts for 2024
Base Retainer			$100,000
Base Committee Annual Retainers:
Audit committee			$12,000
Compensation and human resources committee			$8,500
Corporate governance and nominating committee			$7,500
Executive committee			$3,000
Additional Chair Annual Retainers:
Chair of the board			$100,000
Chair of audit committee			$15,000
Chair of compensation and human resources committee			$15,000
Chair of corporate governance and nominating committee			$12,500
Annual Stock Awards			$140,000


			Lisa A. Grow			President and CEO of IDACORP and Idaho Power
			Brian R. Buckham			Senior vice president, chief financial officer, and treasurer of IDACORP and Idaho Power
			Adam J. Richins			Senior vice president and chief operating officer of Idaho Power
			Jeffrey L. Malmen			Senior vice president of public affairs of IDACORP and Idaho Power
			Timothy E. Tatum			Vice president of regulatory affairs of Idaho Power


ALLETE, Inc.	Hawaiian Electric Industries, Inc.	Pinnacle West Capital Corp.
Alliant Energy Corporation	NorthWestern Energy Group, Inc. (formerly NorthWestern Corporation)	Portland General Electric Co.
Atmos Energy Corporation	Northwest Natural Holding Co.	Spire Inc.
Avista Corp.	OGE Energy Corp.	TXNM Energy, Inc. (formerly PNM Resources, Inc.)
Black Hills Corporation	ONE Gas, Inc.


Peer Group			Comprised of comparable utilities, as determined by the compensation and human resources committee; these are the same companies we use for the public survey data source, listed above
IOU Survey Data			Comprised of all participating investor-owned utilities, regressed to $2.0 billion in annual revenues
General Industry Survey Data			Comprised of all participating general industry companies in “The General Industry Executive Compensation Survey Report - U.S.,” regressed to $2.0 billion in annual revenues



			*Dividends as of February 2025



			*Dividends as of February 2025


	IDACORP Short-Term Incentive Metrics
Performance Goal	Performance Levels			Qualifying Multiplier			2024 Actual Results
Customer Satisfaction - Customer Relationship Index Score	Threshold:	81.50	%		7.5	%
	Target:	84.25	%		15	%		82.95%
	Maximum:	85.75	%		30	%
Service Reliability - Number of Outage Incidents	Threshold:	≤1.60			7.5	%
	Target:	≤1.25			15	%		1.26
	Maximum:	≤1.05			30	%
2024 Net Income Attributable to IDACORP (in millions, except percentages)	Threshold:	$270.0			28	%
	Target:	$278.0			56	%		$289.2
	Maximum:	$283.0			112	%
Preservation of ADITCs (in millions, except percentages)	Threshold:	≥$5.0			7	%		$77
	Target:	≥$15.0			14	%
	Maximum:	≥$50.0			28	%


		IDACORP Short-Term Incentive Award Opportunity Levels
Executive		Threshold1	Target1	Maximum1	2024 Award Earned
Lisa A. Grow	% of Base Salary:	50%	100%	200%
	Dollar Amount:	$500,000	$1,000,000	$2,000,000	$1,662,400
Brian R. Buckham	% of Base Salary:	30%	60%	120%
	Dollar Amount:	$170,400	$340,800	$681,600	$566,546
Adam J. Richins	% of Base Salary:	30%	60%	120%
	Dollar Amount:	$175,500	$351,000	$702,000	$583,502
Jeffrey L. Malmen	% of Base Salary:	30%	60%	120%
	Dollar Amount:	$130,500	$261,000	$522,000	$433,887
Timothy E. Tatum	% of Base Salary:	20%	40%	80%
	Dollar Amount:	$66,600	$133,200	$266,400	$221,432


Executive	2024 Base Salary	% Increase from 2023 Base Salary1
Lisa A. Grow	$1,000,000	8.7%
Brian R. Buckham	$568,000	10.3%
Adam J. Richins	$585,000	10.4%
Jeffrey L. Malmen	$435,000	8.2%
Timothy E. Tatum	$333,000	10.1%


			-Threshold:			30th percentile
			-Target:			55th percentile
			-Maximum:			90th percentile


	IDACORP Long-Term Incentive Compensation Component
Executive	Number of Time-Vesting Restricted Stock Units (Percent of 2024 Base Salary)		Number of Performance-Based Units (Percent of 2024 Base Salary)			Approximate Total Long-Term Incentive Award (Based on 2024 Base Salary)
Lisa A. Grow	11,278	(100.0)%	Threshold:	10,150	(90.0)%	Threshold:	$1,900,000
			Target:	22,556	(200.0)%	Target:	$3,000,000
			Maximum:	45,112	(400.0)%	Maximum:	$5,000,000
Brian R. Buckham	3,203	(50.0)%	Threshold:	2,882	(45.0)%	Threshold:	$539,600
			Target:	6,406	(100.0)%	Target:	$852,000
			Maximum:	12,812	(200.0)%	Maximum:	$1,420,000
Adam J. Richins	3,299	(50.0)%	Threshold:	2,970	(45.0)%	Threshold:	$555,750
			Target:	6,598	(100.0)%	Target:	$877,500
			Maximum:	13,196	(200.0)%	Maximum:	$1,462,500
Jeffrey L. Malmen	1,963	(40.0)%	Threshold:	1,766	(36.0)%	Threshold:	$330,600
			Target:	3,924	(80.0)%	Target:	$522,000
			Maximum:	7,848	(160.0)%	Maximum:	$870,000
Timothy E. Tatum	814	(21.7)%	Threshold:	732	(19.5)%	Threshold:	$137,085
			Target:	1,628	(43.3)%	Target:	$216,450
			Maximum:	3,256	(86.7)%	Maximum:	$360,750


Executive	Target Performance Based Restricted Stock Units Granted in February 2022 (#)	Shares Earned in February 2025 (#)	Dividend Equivalents ($)
Lisa A. Grow	13,780	13,780	$144,001
Brian R. Buckham	3,594	3,594	$37,557
Adam J. Richins	3,774	3,774	$39,438
Jeffrey L. Malmen	2,894	2,894	$30,242
Timothy E. Tatum	1,070	1,070	$11,182


Compensation and Human Resources Committee Report The compensation and human resources committee has reviewed and discussed with management the Compensation Discussion and Analysis contained in this proxy statement. Based on its review and these discussions, the compensation and human resources committee has recommended to our board of directors that the Compensation Discussion and Analysis be included in this proxy statement and incorporated by reference into our Annual Report on Form 10-K for the year ended December 31, 2024.

			THE COMPENSATION AND HUMAN RESOURCES COMMITTEE
			Judith A. Johansen, Chair
			Odette C. Bolano
			Annette G. Elg
			Ronald W. Jibson


Name and Principal Position (a)	Year (b)	Salary ($) (c)	Bonus ($) (d)	Stock Awards ($) (e)1	Option Awards ($) (f)	Non-Equity Incentive Plan Compensation ($) (g)	Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) (h)2	All Other Compensation ($) (i)3	Total ($) (j)	Total Without Change in Pension Value ($)4
Lisa A. Grow President and CEO	2024	1,000,000	—	2,890,889	—	1,662,400	1,134,996	16,360	6,704,645	5,569,649
	2023	920,000	—	2,440,043	—	1,645,052	2,352,115	15,760	7,372,970	5,020,855
	2022	850,000	—	2,092,631	—	1,484,865	—	13,549	4,441,045	4,441,045
Brian R. Buckham SVP, CFO, and Treasurer	2024	568,000	—	821,025	—	566,546	225,103	14,320	2,194,994	1,969,891
	2023	515,000	—	695,422	—	552,523	595,573	13,720	2,372,238	1,776,665
	2022	462,000	—	545,990	—	484,241	—	13,650	1,505,881	1,505,881
Adam J. Richins SVP and COO	2024	585,000	—	845,632	—	583,502	230,584	13,800	2,258,518	2,027,934
	2023	530,000	—	715,702	—	568,616	779,987	13,200	2,607,505	1,827,518
	2022	485,000	—	573,119	—	508,348	—	12,200	1,578,667	1,578,667
Jeffrey L. Malmen SVP of Public Affairs	2024	435,000	—	503,008	—	433,887	176,790	14,320	1,563,005	1,386,215
	2023	402,000	—	465,351	—	431,290	701,627	13,720	2,013,988	1,312,361
	2022	372,000	—	439,586	—	389,908	—	12,650	1,214,144	1,214,144
Timothy E. Tatum VP of Regulatory Affairs	2024	333,000	—	208,652	—	221,432	180,084	14,580	957,748	777,664


Name			Grant Date Fair Value of CEPS Component
Lisa A. Grow			$1,988,537
Brian R. Buckham			$564,753
Adam J. Richins			$581,680
Jeffrey L. Malmen			$345,940
Timothy E. Tatum			$143,524


Name			Change in pension value for 2022
Lisa A. Grow			-$1,603,938
Brian R. Buckham			-$550,039
Adam J. Richins			-$506,947
Jeffrey L. Malmen			-$1,160,182


Name (a)	Grant Date (b)	Estimated Future Payouts Under Non-Equity Incentive Plan Awards			Estimated Future Payouts Under Equity Incentive Plan Awards			All Other Stock Awards: Number of Shares of Stock or Units (#) (i)	Grant Date Fair Value of Stock and Option Awards ($) (l)
		Threshold ($) (c)	Target ($) (d)	Maximum ($) (e)	Threshold (#) (f)	Target (#) (g)	Maximum (#) (h)
Lisa A. Grow
Short-Term Incentive1		500,000	1,000,000	2,000,000
Restricted Stock Units – Time2	2/16/2024							11,278	1,000,020
Restricted Stock Units – Perf.3	2/16/2024				10,150	22,556	45,112		1,890,869
Brian R. Buckham
Short-Term Incentive1		170,400	340,800	681,600
Restricted Stock Units – Time2	2/16/2024							3,203	284,010
Restricted Stock Units – Perf.3	2/16/2024				2,882	6,406	12,812		537,015
Adam J. Richins
Short-Term Incentive1		175,500	351,000	702,000
Restricted Stock Units – Time2	2/16/2024							3,299	292,522
Restricted Stock Units – Perf.3	2/16/2024				2,970	6,598	13,196		553,110
Jeffrey L. Malmen
Short-Term Incentive1		130,500	261,000	522,000
Restricted Stock Units – Time2	2/16/2024							1,963	174,059
Restricted Stock Units – Perf.3	2/16/2024				1,766	3,924	7,848		328,949
Timothy E. Tatum
Short-Term Incentive1		66,600	133,200	266,400
Restricted Stock Units – Time2	2/16/2024							814	72,177
Restricted Stock Units – Perf.3	2/16/2024				732	1,628	3,256		136,475


Name	Salary ($)	Bonus ($)	Total Compensation ($)	Salary and Bonus as a % of Total Compensation
Lisa A. Grow	$1,000,000	$0	$6,704,645	14.9%
Brian R. Buckham	$568,000	$0	$2,194,994	25.9%
Adam J. Richins	$585,000	$0	$2,258,518	25.9%
Jeffrey L. Malmen	$435,000	$0	$1,563,005	27.8%
Timothy E. Tatum	$333,000	$0	$957,748	34.8%


	Stock Awards
Name (a)	Number of Shares or Units of Stock That Have Not Vested (#) (g)1	Market Value of Shares or Units of Stock That Have Not Vested ($) (h)2	Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) (i)3	Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) (j)2
Lisa A. Grow
Restricted Stock Units - Time-Vesting	26,151	2,857,781
Restricted Stock Units - Performance			44,894	4,906,016
Brian R. Buckham
Restricted Stock Units - Time-Vesting	7,277	795,231
Restricted Stock Units - Performance			12,118	1,324,255
Adam J. Richins
Restricted Stock Units - Time-Vesting	7,528	822,660
Restricted Stock Units - Performance			12,624	1,379,551
Jeffrey L. Malmen
Restricted Stock Units - Time-Vesting	4,934	539,188
Restricted Stock Units - Performance			8,924	975,215
Timothy E. Tatum
Restricted Stock Units - Time-Vesting	1,971	215,391
Restricted Stock Units - Performance			3,430	374,830


NEO	Award	Shares Underlying Restricted Stock Units	Vesting Date

Lisa A. Grow	2022	6,890	1/1/2025
	2023	7,983	1/1/2026
	2024	11,278	1/1/2027
Brian R. Buckham	2022	1,799	1/1/2025
	2023	2,275	1/1/2026
	2024	3,203	1/1/2027
Adam J. Richins	2022	1,887	1/1/2025
	2023	2,342	1/1/2026
	2024	3,299	1/1/2027
Jeffrey L. Malmen	2022	1,448	1/1/2025
	2023	1,523	1/1/2026
	2024	1,963	1/1/2027
Timothy E. Tatum	2022	535	1/1/2025
	2023	622	1/1/2026
	2024	814	1/1/2027



NEO	Award	Shares Underlying Restricted Stock Units	End of Performance Period
Lisa A. Grow	2022	27,560	12/31/2024
	2023	7,184	12/31/2025
	2024	10,150	12/31/2026
Brian R. Buckham	2022	7,188	12/31/2024
	2023	2,048	12/31/2025
	2024	2,882	12/31/2026
Adam J. Richins	2022	7,548	12/31/2024
	2023	2,106	12/31/2025
	2024	2,970	12/31/2026
Jeffrey L. Malmen	2022	5,788	12/31/2024
	2023	1,370	12/31/2025
	2024	1,766	12/31/2026
Timothy E. Tatum	2022	2,140	12/31/2024
	2023	558	12/31/2025
	2024	732	12/31/2026


Name (a)	Option Awards		Stock Awards
	Number of Shares Acquired on Exercise (#) (b)	Value Realized on Exercise ($) (c)	Number of Shares Acquired on Vesting (#) (d)	Value Realized on Vesting ($) (e)1
Lisa A. Grow	—	—	25,072	2,290,946
Brian R. Buckham	—	—	7,411	677,184
Adam J. Richins	—	—	7,764	709,432
Jeffrey L. Malmen	—	—	6,176	564,321
Timothy E. Tatum	—	—	2,273	207,701


Name (a)	Plan Name (b)1	Number of Years of Credited Service (#) (c)	Present Value of Accumulated Benefit ($) (d)2	Payments During Last Fiscal Year ($) (e)
Lisa A. Grow	Retirement Plan	37	1,921,808
	SMSP I	3	—
	SMSP II	20	10,345,575
Brian R. Buckham	Retirement Plan	15	351,781
	SMSP II	9	1,768,602
Adam J. Richins	Retirement Plan	14	355,001
	SMSP II	11	2,191,312
Jeffrey L. Malmen	Retirement Plan	17	762,299
	SMSP II	17	3,794,844
Timothy E. Tatum	Retirement Plan	28	896,575
	SMSP II	10	686,689


Age When Payments Begin	Reduced Benefit as a Percentage of Earned Pension	Age When Payments Begin	Reduced Benefit as a Percentage of Earned Pension
61	96%	54	62%
60	92%	53	57%
59	87%	52	52%
58	82%	51	47%
57	77%	50	42%
56	72%	49	38%
55	67%	48	34%


Age When Payments Begin			Early Retirement Factor
61			96%
60			92%
59			87%
58			82%
57			77%
56			72%
55			67%


	Eligibility for Early Retirement at December 31, 2024
Name	Retirement Plan	Security Plan I	Security Plan II
Lisa A. Grow	X	No present value1	X
Brian R. Buckham		N/A
Adam J. Richins		N/A
Jeffrey L. Malmen	X	N/A	X
Timothy E. Tatum		N/A


									Change in Control
Executive Benefits and Payments Upon Termination or Change in Control (a)	Voluntary Termination (Retirement if Over 55) ($) (b)		Not for Cause, Non-Retirement Termination ($) (c)		For Cause Termination ($) (d)		Death or Disability ($) (e)		Without Termination ($) (f)		Not for Cause or Constructive Discharge Termination ($) (g)		13th-Month Trigger ($) (h)
Compensation:
Base Salary											—	1	196,503	2
Short-Term Incentive Plan											1,841,327	1	1,666,667	2
Long-Term Incentive Plan – Time-Vesting	1,745,311	3,4	—	5	—	5	1,745,311	4	2,857,781	6	2,857,781	6	2,857,781	6
Long-Term Incentive Plan – Performance Vesting	3,717,672	3,7	—	5	—	5	3,717,672	7	6,027,621	6	6,027,621	6	6,027,621	6
Benefits and Perquisites:
Security Plan I
Security Plan II	769,618	8	769,618	8	769,618	8	8,154,928	9			769,618	10	769,618	10
Welfare Benefits											39,676	11	29,834	12
Outplacement Services											12,000	13
280G Tax Gross-up											—	14	—	14
Total:	6,232,601		769,618		769,618		13,617,911		8,885,402		11,548,023		11,548,024


	Summary Compensation Table Total for PEO1 ($)		Compensation Actually Paid to PEO1,7 ($)		Average Summary Compensation Table Total for non-PEO NEOs2 ($)	Average Compensation Actually Paid to non-PEO NEOs2,7 ($)	Value of Initial Fixed $100 Investment Based On:		Net Income5 ($) (,000s)	Company-Selected Measure - CEPS6
Year							Total Shareholder Return3 ($)	Peer Group Total Shareholder Return4 ($)
	Lisa Grow	Darrel Anderson	Lisa Grow	Darrel Anderson
(a)	(b)		(c)		(d)	(e)	(f)	(g)	(h)	(i)
2024	6,704,645		7,642,400		1,743,566	2,173,392	118.97	127.32	289,951	$	15.75
2023	7,372,970		4,478,465		2,102,244	1,502,568	103.50	106.91	261,893	$	15.10
2022	4,441,045		4,725,667		1,326,582	1,435,286	110.06	117.09	259,560	$	14.65
2021	5,645,525		5,564,659		1,977,637	2,297,255	112.38	115.76	245,872	$	14.15
2020	5,903,347	6,318,341	3,114,307	20,653	2,351,741	1,473,753	92.53	98.84	237,968	$	13.79