Form 4: Avista Corp Senior Vice President Bryan Cox Reports Stock Transactions

Senior Vice President of Avista Corp, Bryan Cox, reports the acquisition and disposal of company stock related to performance shares.

Summary

• Bryan Cox, a Senior Vice President at Avista Corp, reported transactions involving company stock on January 8, 2025.
• He acquired 956 common stock performance shares and disposed of 290 shares to cover income tax obligations.
• Following these transactions, Mr. Cox directly owns 7,011 common stock performance shares.
• He also indirectly owns an estimated 6,031.27 shares through a 401(k) plan.
• Additionally, 1,737 performance shares were converted to common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive stock transactions, which are neither overly positive nor negative. The sentiment is neutral to slightly positive due to the vesting of performance shares.

Positives

• The acquisition of 956 performance shares indicates a positive performance outcome for Mr. Cox.
• The conversion of 1,737 performance shares to common stock is a positive event for the executive.

Negatives

• The disposal of 290 shares to cover income tax obligations represents a reduction in direct holdings.

Risks

• Fluctuations in the stock price could impact the value of the shares held by Mr. Cox.
• Changes in tax laws could affect the tax obligations related to performance shares.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate executives reporting changes in their beneficial ownership of company stock. These filings are a regular part of corporate governance and transparency.

Comparison to Industry Standards

• The reporting of stock transactions by executives is a common practice across publicly traded companies.
• The use of performance shares as part of executive compensation is also a standard practice.
• The tax withholding on share awards is a typical procedure.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• The transactions do not have a significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Avista Corp, Bryan Cox, performance shares, stock transaction, insider trading, Form 4, executive compensation, 401k