Form 4: Avista Corp Director Kevin B. Jacobsen Reports Stock Award
SEC Form 4 Filing
Director Kevin B. Jacobsen reports receiving 603 shares of Avista Corp stock as part of director compensation.
Summary
- On October 1, 2024, Kevin B. Jacobsen, a director of Avista Corp, reported acquiring 603 shares of common stock.
- The shares were awarded as part of director compensation.
- The price per share was $38.75, based on the closing price on September 30, 2024.
- Following the transaction, Jacobsen directly owns 9,012 shares of Avista Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of director compensation.
Positives
- The director's increased stake could signal confidence in the company's future.
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.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Closing price used to value the stock award. |
| 10/01/2024 | Date of transaction: Director acquired shares. |
| 10/02/2024 | Date of signature on the Form 4. |
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