Form 4: Avista Corp Director Donald C. Burke Reports Acquisition of 43 Shares
SEC Form 4 Filing
Director Donald C. Burke reports acquiring 43 shares of Avista Corp common stock as part of director compensation.
Summary
- On September 3, 2024, Donald C. Burke, a director of Avista Corp, acquired 43 shares of common stock.
- The shares were awarded as part of director compensation.
- The acquisition price was $38.64 per share.
- Following the transaction, Burke directly owns 29,181 shares of Avista Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a routine disclosure of a director's stock acquisition.
Positives
- The acquisition increases Burke's stake in the company, potentially aligning his interests further with those of shareholders.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's increased ownership in the company.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment due to the director increasing their stake in the company.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Closing price used to determine the value of the stock award. |
| 09/03/2024 | Date of the transaction (acquisition of shares). |
| 09/04/2024 | Date of signature on the Form 4. |
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