Form 4: Avista Corp Executive Vice President Dennis P. Vermillion Reports Share Transactions

Executive Vice President Dennis P. Vermillion reports acquisition and disposal of Avista Corp shares related to performance shares and tax obligations.

Summary

• On January 8, 2025, Dennis P. Vermillion, Executive Vice President of Avista Corp, reported transactions involving the company's common stock.
• Vermillion acquired 12,140 common stock shares through the vesting of performance shares (TSR).
• Additionally, 3,545 shares were disposed of to cover income tax obligations related to the acquired performance shares at a price of $36.54 per share.
• Following these transactions, Vermillion directly owns 174,537 shares of Avista Corp common stock.
• Vermillion also indirectly owns 121.11 shares held in a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards like the TSR (Total Shareholder Return) performance shares mentioned in the filing.
• The practice of withholding shares to cover tax obligations is standard procedure in equity compensation plans.
• Comparing Vermillion's total holdings and transaction sizes to those of executives at similar utilities companies (e.g., Sempra Energy, Edison International) could provide context on the scale of his equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect executive compensation and do not indicate a change in the company's fundamentals.

Key Dates