Form 4: Avista Corp Executive Sells Shares to Cover Taxes on Vested Restricted Stock

Kevin J. Christie, SVP, CFO & Treasurer of Avista Corp, sold 1,195 shares of common stock on January 6, 2025, to cover income tax obligations related to previously vested restricted shares.

Summary

• Kevin J. Christie, a Senior Vice President, CFO, and Treasurer at Avista Corp, sold 1,195 shares of common stock on January 6, 2025.
• The sale was executed at a price of $35.24 per share.
• This transaction was to cover income tax obligations on restricted shares that vested on the same date.
• The vested shares were related to the final third of 2022, the second third of 2023, and the first third of 2024 restricted stock grants.
• Following the transaction, Mr. Christie directly owns 28,389 shares of Avista Corp stock.
• He also indirectly owns 3,426.3 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock vests.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 1,195 shares is not unusual for an executive at this level.
• The price of $35.24 per share is consistent with the market price of Avista Corp stock at the time of the transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Avista Corp, insider trading, stock sale, restricted stock, executive compensation, Form 4, Kevin J. Christie