Form 4: Avista Corp Executive Dennis Vermillion Reports Share Disposal to Cover Taxes After Retirement Vesting

Dennis Vermillion, a retired EVP of Avista Corp, reported disposing of shares to cover income tax obligations following the vesting of restricted shares related to his retirement.

Summary

• Dennis P. Vermillion, a retired EVP of Avista Corp, filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
• On March 10, 2025, Vermillion disposed of 4,437 shares of common stock at a price of $39.92 per share to cover income tax obligations related to the vesting of restricted shares upon his retirement.
• These shares vested on March 10, 2025, representing the final third of 2023, the second third, and the final third of 2024 restricted shares.
• Vermillion also forfeited 12,253 shares that will not vest due to his retirement.
• Following these transactions, Vermillion directly owns 163,871 shares and indirectly owns 121.11 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Executive stock transactions are a common occurrence, especially around vesting events and retirement. This filing provides transparency into the executive's holdings and transactions.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in Vermillion's holdings, but it is unlikely to be significant.

Key Dates