Form 4: Avista Corp Executive Latisha Hill Reports Stock Transactions Following Performance Share Vesting

Avista Corp's Vice President, Latisha Hill, reported the acquisition of 956 performance shares and the disposal of 296 shares to cover income tax obligations on January 8, 2025.

Summary

• Latisha Hill, a Vice President at Avista Corp, reported transactions involving the company's common stock on January 8, 2025.
• Ms. Hill acquired 956 performance shares as part of a vesting event.
• She also disposed of 296 shares at a price of $36.54 per share to cover income tax obligations related to the performance share acquisition.
• Following these transactions, Ms. Hill directly owns 11,025 shares of Avista Corp common stock and indirectly owns 709.28 shares through a 401(k) plan.
• The performance shares were awarded based on the achievement of a performance measure, with no specific conversion price.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. The vesting of performance shares is a positive sign, but the overall impact is neutral.

Positives

• The vesting of performance shares indicates that performance targets were met, which is a positive sign for the company.
• The executive's continued ownership of a significant number of shares aligns her interests with those of the shareholders.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It reflects the standard process of performance-based compensation and tax obligations.

Comparison to Industry Standards

• The vesting of performance shares is a common practice in executive compensation across various industries, including utilities.
• The disposal of shares to cover tax obligations is also a standard procedure.
• Similar transactions are regularly reported by executives at comparable companies such as Portland General Electric and IDACORP.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates that performance targets were met.
• The executive's continued ownership of shares aligns her interests with those of the shareholders.

Key Dates

Keywords

Avista Corp, Latisha Hill, Performance Shares, Stock Transaction, SEC Form 4, Executive Compensation, Insider Trading