Form 4: Avista CFO Reports Share Sale for Tax, Performance Share Conversion

Avista Corp's SVP, CFO & Treasurer, Kevin J. Christie, reported the sale of shares to cover tax obligations on vested restricted stock and the conversion of performance shares.

Summary

• Kevin J. Christie, SVP, CFO & Treasurer of Avista Corp, reported transactions on January 6, 2026.
• 1,711 shares of common stock were sold at a price of $38.95 per share.
• The sale was conducted to pay income tax on the final one-third of 2023, the second one-third of 2024, and the first one-third of 2025 restricted shares that vested on January 6, 2026.
• 2,270 performance shares from the 2023 Performance Shares (TSR) were converted into common stock, indicating that the performance measure was met.
• Following these transactions, direct beneficial ownership of common stock is 38,841 shares.
• Indirect beneficial ownership in a 401(k) plan is 3,588.21 shares.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions, including a tax-related sale and performance share conversion, which are generally neutral events for market sentiment.

Positives

• The conversion of 2,270 performance shares indicates that Avista Corp met its performance measures for the 2023 Performance Shares (TSR).
• The vesting of restricted shares from 2023, 2024, and 2025 grants demonstrates ongoing compensation and retention of a key executive.

Negatives

• The sale of 1,711 shares, even for tax purposes, results in a reduction of the direct beneficial ownership by a key executive.

Future Outlook

na

Management Comments

• Shares sold to pay income tax on final 1/3 of 2023, second 1/3 of 2024 and first 1/3 of 2025 restricted shares that vested on January 6, 2026.

Industry Context

This filing is a routine disclosure of an insider's equity transactions and does not provide information related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minor reduction in direct insider ownership due to the tax-related sale, offset by the conversion of performance shares. The overall impact on share price is likely minimal due to the routine nature and relatively small volume of the transactions.
• Employees (specifically management): The vesting of restricted shares and conversion of performance shares indicate successful achievement of compensation targets and continued alignment of executive interests with company performance.

Key Dates

Keywords

Avista Corp, AVA, Insider Transaction, Form 4, Stock Sale, Performance Shares, Restricted Stock, Executive Compensation, CFO