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

Director Kevin B. Jacobsen acquired 668 shares of Avista Corp common stock as part of his director compensation.

Summary

• On April 1, 2024, Kevin B. Jacobsen, a director of Avista Corp, acquired 668 shares of common stock.
• The acquisition was part of his director compensation.
• The price per share was $35.02, based on the closing price on March 28, 2024.
• Following the transaction, Jacobsen directly owns 4,211 shares of Avista Corp common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transaction is a routine part of director compensation and doesn't indicate any significant positive or negative development for the company.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Industry Context

Director share acquisitions are common and can be seen as a positive signal, indicating confidence in the company's future performance.

Comparison to Industry Standards

• Director compensation packages often include stock awards to align the interests of directors with those of shareholders.
• The size of the stock award is typical for director compensation at companies of similar size and industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates