Form 4: Avista Corp Senior Vice President Sells Shares to Cover Taxes

Senior Vice President of Avista Corp, Bryan Alden Cox, sold 851 shares of common stock to cover income tax obligations related to previously vested restricted shares.

Summary

• Bryan Alden Cox, a Senior Vice President at Avista Corp, sold 851 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 1/3 of 2022, second 1/3 of 2023 and first 1/3 of 2024.
• Following the transaction, Mr. Cox directly owns 6,345 shares and indirectly owns 6,031.27 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for an executive to cover tax obligations, which is neither positive nor negative for the company's overall performance.

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 851 shares is not unusual for an executive at this level.
• The price of $35.24 is within the expected range for 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, Form 4, Bryan Alden Cox, executive compensation, restricted stock, tax obligations