Form 4: Avista Corp Director Kevin B. Jacobsen Acquires Shares as Part of Director Compensation

Director Kevin B. Jacobsen acquired 3,480 shares of Avista Corp common stock as part of his director compensation.

Summary

• On May 3, 2024, Kevin B. Jacobsen, a director of Avista Corp, acquired 3,480 shares of common stock.
• The shares were awarded as part of his director compensation.
• The price per share was $36.79, based on the closing price on May 2, 2024.
• Following the transaction, Jacobsen directly owns 7,691 shares of Avista Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and insider confidence.

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 to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock awards are a typical component of director compensation packages across various industries.
• Companies like Duke Energy (DUK) and Southern Company (SO) also utilize stock awards as part of their director compensation plans.
• The amount of stock awarded can vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns director interests with company performance.

Key Dates