Form 4: Avista Corp Director Scott L. Morris Acquires Shares as Part of Director Compensation
SEC Form 4
Scott L. Morris, Chairman of the Board at Avista Corp, acquired 3,533 shares of common stock at $36.79 per share as part of director compensation.
Summary
- On May 3, 2024, Scott L. Morris, Chairman of the Board at Avista Corp, acquired 3,533 shares of Avista Corp common stock.
- The shares were acquired as an award of stock for director compensation and as part of the director's annual retainer.
- The price per share was $36.79, which was the closing price on May 2, 2024.
- Following the transaction, Morris directly owns 124,352 shares of Avista Corp common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. It reflects standard director compensation practices and aligns director interests with shareholders.
Positives
- The acquisition of shares by a director demonstrates confidence in the company.
Industry Context
Director stock ownership is common and is used to align the interests of directors with those of shareholders.
Stakeholder Impact
- The transaction 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 transaction: Scott L. Morris acquired shares of Avista Corp common stock. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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