Form 4: Avista Corp Director Julie A. Bentz Acquires Shares as Part of Director Compensation
SEC Form 4 Filing
Director Julie A. Bentz acquired 3,232 shares of Avista Corp common stock as part of her director compensation.
Summary
- On May 5, 2025, Julie A. Bentz, a director of Avista Corp, acquired 3,232 shares of common stock.
- The shares were awarded as part of her director compensation.
- The price per share was $41.76, based on the closing price on May 2, 2025.
- Following the transaction, Bentz directly owns 13,179 shares of Avista Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The director acquiring shares as part of compensation is a normal business practice and indicates alignment with shareholder interests.
Positives
- The acquisition of shares by a director demonstrates confidence in the company.
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 those of shareholders.
Comparison to Industry Standards
- Comparing Avista's director compensation structure to that of similar utilities companies like Edison International or Sempra Energy would provide a benchmark for assessing the competitiveness and appropriateness of the compensation package.
- Analyzing the percentage of director compensation paid in stock versus cash across the industry would offer further context.
- Reviewing proxy statements of peer companies can reveal industry standards for director stock ownership guidelines.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Closing price used to value shares for director compensation. |
| 05/05/2025 | Date of transaction: Julie A. Bentz acquired shares of Avista Corp. |
| 05/06/2025 | Date of signature on the Form 4 filing. |
Keywords
Avista Corp, Director Compensation, Stock Acquisition, Form 4, Beneficial Ownership, Julie A. Bentz, AVA
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