Form 4: Avista Corp President & CEO Sells Shares to Cover Tax Obligations

Avista Corp's President and CEO, Heather Lynn Rosentrater, sold 1,374 shares of common stock to cover income tax obligations related to previously vested restricted shares.

Summary

• Heather Lynn Rosentrater, President and CEO of Avista Corp, sold 1,374 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 related to restricted shares that vested on January 6, 2025.
• The vested shares were from the final third of 2022, the second third of 2023, and the first third of 2024.
• Following the transaction, Ms. Rosentrater directly owns 31,623 shares of Avista Corp common stock.
• She also indirectly owns 695 shares through her spouse's 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 various industries.
• The number of shares sold and the timing are typical for vesting schedules of restricted stock units.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Avista Corp, Heather Rosentrater, insider trading, stock sale, executive compensation, restricted stock, tax obligations