Form 4: Avista Corp Director Donald C. Burke Acquires Shares as Part of Director Compensation
SEC Form 4
Director Donald C. Burke acquired 3,232 shares of Avista Corp common stock as part of his director compensation and annual retainer.
Summary
- On May 5, 2025, Donald C. Burke, a director of Avista Corp, acquired 3,232 shares of common stock.
- These shares were issued as an award of stock for director compensation and as part of the director's annual retainer.
- The price per share for the award was $41.76, based on the closing price on May 2, 2025.
- Following the transaction, Burke directly owns 32,413 shares of Avista Corp common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative sentiment.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
- The director compensation structure aligns the interests of the director with those of the shareholders.
Industry Context
Director compensation in the form of stock awards is a common practice in publicly traded companies to align the interests of directors with shareholders.
Comparison to Industry Standards
- Stock awards for director compensation are a standard practice among publicly traded companies, particularly in the utility sector.
- Companies like Duke Energy and Southern Company also utilize stock awards as part of their director compensation packages.
- The amount of stock awarded to directors varies based on company size, performance, and industry benchmarks.
Stakeholder Impact
- Shareholders may view the director's stock acquisition positively, as it aligns the director's interests with the company's performance.
- The transaction has a minimal impact on other stakeholders, such as employees, customers, and suppliers.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Closing price used to determine the price per share for the director compensation award. |
| 05/05/2025 | Date of the transaction where Donald C. Burke acquired shares of Avista Corp. |
| 05/06/2025 | Date of signature on the Form 4 filing. |
Keywords
Avista Corp, Director Compensation, Form 4, Stock Acquisition, Donald C. Burke, AVA, Director, Shares
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