Form 4: Avista Corp Director Donald C. Burke Acquires Shares as Part of Director Compensation

Director Donald C. Burke acquired 3,533 shares of Avista Corp common stock as part of his director compensation.

Summary

• On May 3, 2024, Donald C. Burke, a director of Avista Corp, acquired 3,533 shares of common stock.
• The acquisition was part of his director compensation.
• The price per share was $36.79, based on the closing price on May 2, 2024.
• Following the transaction, Burke directly owns 29,138 shares of Avista Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction is a routine part of director compensation, indicating confidence in the company, but it's not a major event that would significantly impact the stock.

Positives

• The acquisition reflects Burke's continued investment in Avista Corp.

Industry Context

Director share acquisitions are common and can be seen as a positive sign, indicating confidence in the company's future performance. This transaction is part of standard director compensation practices.

Comparison to Industry Standards

• Director compensation packages often include stock awards to align the interests of directors with those of shareholders.
• The amount of stock awarded is typical for directors of publicly traded companies of Avista Corp's size.
• Comparing Avista Corp's director compensation practices with those of its peers, such as Portland General Electric or Idaho Power, would provide further context.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates