Form 4: Avista Corp Director Scott Harlan Maw Acquires Shares as Part of Director Compensation
SEC Form 4
Director Scott Harlan Maw acquired 3,533 shares of Avista Corp common stock on May 3, 2024, as part of director compensation.
Summary
- On May 3, 2024, Scott Harlan Maw, a director of Avista Corp, acquired 3,533 shares of common stock.
- The acquisition was part of director compensation.
- The price per share was $36.79, based on the closing price on May 2, 2024.
- Following the transaction, Maw directly owns 26,481 shares of Avista Corp.
- The shares were issued as part of the Directors annual retainer.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. It reflects a routine transaction related to director compensation, indicating alignment between the director and the company's interests.
Positives
- Director Maw's acquisition of shares demonstrates his continued investment in the company.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of company directors.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Closing price used to determine the price per share for the stock award. |
| 05/03/2024 | Date of the transaction where Scott Harlan Maw acquired shares of Avista Corp. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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