Form 4: Avista Corp Director Scott L. Morris Gifts 511 Shares to YWCA Spokane

Avista Corp's Chairman of the Board, Scott L. Morris, gifted 511 shares of common stock to YWCA Spokane on November 26, 2024.

Summary

• Scott L. Morris, Chairman of the Board at Avista Corp, gifted 511 shares of the company's common stock to YWCA Spokane.
• The transaction occurred on November 26, 2024.
• The shares were valued at $39.13 each at the time of the transaction.
• Following the transaction, Mr. Morris directly owns 119,932 shares of Avista Corp common stock.

Sentiment

Score: 7

Explanation: The document reflects a positive action by a company director through a charitable donation, which is generally viewed favorably. However, it is a routine filing and not a major event.

Positives

• The gift of shares to YWCA Spokane demonstrates corporate social responsibility by a company director.
• The transaction is a charitable contribution.

Industry Context

This is a standard Form 4 filing, which is required when a company insider makes a transaction involving the company's stock. It is not unusual for directors to make charitable contributions of stock.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The gifting of shares to a non-profit organization is a common practice among corporate executives and directors.

Stakeholder Impact

• The transaction has a positive impact on YWCA Spokane, the recipient of the stock gift.
• The transaction has a minor positive impact on shareholders due to the charitable nature of the transaction.

Key Dates

Keywords

Avista Corp, Scott L. Morris, YWCA Spokane, stock gift, charitable contribution, insider transaction, Form 4, corporate social responsibility