Form 4: Avista Corp Director Rebecca A. Klein Acquires Shares as Part of Director Compensation

Director Rebecca A. Klein acquired 3,533 shares of Avista Corp common stock as part of director compensation and annual retainer.

Summary

• On May 3, 2024, Rebecca A. Klein, a director of Avista Corp, acquired 3,533 shares of common stock.
• The acquisition was part of director compensation and the annual retainer.
• The price per share for the director compensation award was $36.79, based on the closing price on May 2, 2024.
• Following the transaction, Klein directly owns 23,026 shares of Avista Corp.
• The transaction was reported on May 7, 2024.

Sentiment

Score: 7

Explanation: Director's acquisition of shares is generally viewed positively as it aligns their interests with shareholders. The transaction itself is routine and expected.

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 the director's belief in the company's future prospects.

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 market capitalization to Avista Corp.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a director.

Key Dates