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

Senior Vice President of Avista Corp, Jason R. Thackston, sold 968 shares of common stock to cover income tax obligations related to vested restricted shares.

Summary

• Jason R. Thackston, a Senior Vice President at Avista Corp, sold 968 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 the same date.
• The vested shares were from the final third of 2022, the second third of 2023, and the first third of 2024.
• Following the transaction, Thackston directly owns 31,538 shares of Avista Corp common stock.

Sentiment

Score: 5

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

Industry Context

This is a routine transaction for corporate 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

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with restricted stock units.
• The sale of shares to cover tax obligations is a standard practice and does not indicate any specific issues with the company's performance or outlook.
• Comparable companies in the utility sector often see similar insider transactions related to stock-based compensation.

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, Jason R. Thackston, restricted shares, tax obligations, Form 4