Form 4: Avista Corp Executive David J. Meyer Reports Stock Grant and Holdings

Avista Corp's Vice President, David J. Meyer, reports the acquisition of restricted and performance shares, along with adjustments to existing holdings in the company's 401(k) and executive deferral plans.

Summary

• On February 12, 2025, David J. Meyer, a Vice President at Avista Corp, reported transactions involving Avista Corp common stock.
• Meyer acquired 5,760 restricted shares at a price of $36.98.
• Meyer also acquired 3,976 performance shares, with no conversion price, based on meeting performance measures over a 3-year cycle.
• Following these transactions, Meyer directly owns 3,976 performance shares and 11,170 restricted shares.
• Meyer's indirect holdings include 6.62 shares in the 401(k) plan and 3,688.86 shares in the Executive Deferral Plan.
• The restricted shares vest in equal installments over three years and are payable in Avista Corp common stock at the end of each year.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing reporting stock transactions. The grants suggest a degree of confidence, but it's not overtly positive.

Positives

• The acquisition of restricted and performance shares suggests confidence in the company's future performance.

Future Outlook

The performance shares are contingent on meeting performance measures over a 3-year cycle, indicating a long-term incentive structure.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly diluting equity.

Key Dates

Keywords

Form 4, Avista Corp, David J. Meyer, Insider Trading, Stock Grant, Restricted Shares, Performance Shares, Executive Compensation