Form 4: Avista Corp Director Kevin B. Jacobsen Acquires Shares as Part of Director Compensation
SEC Form 4
Director Kevin B. Jacobsen acquired 675 shares of Avista Corp common stock on July 1, 2024, as part of director compensation.
Summary
- On July 1, 2024, Kevin B. Jacobsen, a director of Avista Corp, acquired 675 shares of common stock.
- The acquisition was part of his director compensation.
- The price per share was $34.61, based on the closing price on June 28, 2024.
- Following the transaction, Jacobsen directly owns 8,366 shares of Avista Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through stock compensation.
Positives
- The acquisition reflects the director's continued investment in the company.
- The director chose to receive stock as payment versus cash.
Industry Context
Director compensation in the form of stock is a common practice to align the interests of directors with those of shareholders.
Stakeholder Impact
- The transaction signals confidence from a director, which can positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Closing price used to determine the value of the stock award. |
| 07/01/2024 | Date of the transaction (stock acquisition). |
| 07/02/2024 | Date of signature on the Form 4. |
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