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Jan B. Packwood served as the President and CEO of IDACORP from 1999 until 2006, a period marked by significant challenges and transitions for the company. Under his leadership, IDACORP navigated through the complexities of the Western energy crisis and...

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Jan B. Packwood

Ex-CEO of IDACORP

Sector of Economy

Utilities

Born

July 30, 2024 - 0 years ago

CEO of IDACORP for

7 years 6 months (Jan 1999 - Jul 2006)

Previous Experience

Unknown

Holdings

See how much did Jan B. Packwood make over time.

At one point, Jan Packwood held 341,188 shares of IDACORP, representing a substantial part of his wealth. This figure showcased his significant stake in the company, which reflected his belief in IDACORP's growth potential. His holdings fluctuated over time, but...

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Total Stock Sold

$352.64K

IDA

$352.64K

7,655 IDA shares

What if they kept their stock?

If Jan B. Packwood didn't sell their stock, today they would have:
Extra IDA7,655 shares worth $695.53K.
This is 97.24% and $342.90K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Jan B. Packwood.

IDA

$79.97K

IDA at $62.62/share

Mar 2, 2015

Received

IDA

$124.46K

IDA at $52.85/share

Aug 4, 2014

Sale

IDA

$74.96K

IDA at $56.19/share

Mar 3, 2014

Received

IDA

$133.61K

IDA at $47.72/share

Mar 15, 2013

Sale

IDA

$60.00K

IDA at $46.69/share

Mar 1, 2013

Received

IDA

$59.99K

IDA at $40.48/share

Mar 1, 2012

Received

IDA

$94.14K

IDA at $37.66/share

Mar 21, 2011

Sale

IDA

$44.99K

IDA at $37.74/share

Mar 1, 2011

Received

Compensation History

See how much did Jan B. Packwood make over time.

Jan B. Packwood's compensation as CEO of IDACORP peaked in the mid-2000s. In 2006, his total earnings reached about $989,648. His salary for that year was $349,231, and he received a performance-related bonus of $332,455, underscoring his focus on meeting the company's operational and financial goals. However, by 2006, he was also on the brink of retirement, having announced his decision earlier that year. His compensation included contributions to a savings plan but no significant stock or options, as he did not receive any new grants in his last year. His previous years showed varied bonuses based on the company's performance, indicating a responsible approach to executive pay based on measurable success.

Year

2006

Total Compensation

$690.49K

Salary

$349.23K

Board Justification

The compensation philosophy aims to attract and retain high-quality executives while motivating them to achieve performance goals that benefit shareholders and customers.

Bonus

$332.46K

Board Justification

The bonus was based on performance metrics achieved during the year 2006, reflecting the company's operational and financial goals.

Other

$8.80K

Board Justification

This includes contributions to the Employee Savings Plan (401(k) plan).

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

No stock was vested in 2006 as Mr. Packwood retired and forfeited unvested shares.

Performance Metrics

Performance metrics included customer satisfaction, operational efficiency, and net income targets.

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