Form 4: Avista Corp Vice President David J. Meyer Sells Shares to Cover Taxes

Avista Corp's Vice President, David J. Meyer, sold 692 shares of common stock on January 6, 2025, to cover income tax obligations related to previously vested restricted shares.

Summary

• David J. Meyer, a Vice President at Avista Corp, sold 692 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 on restricted shares that vested on January 6, 2025.
• The vested shares were related to the final third of 2022, the second third of 2023, and the first third of 2024.
• Following the transaction, Meyer directly owns 4,744 shares of Avista Corp stock.
• Meyer also indirectly owns 6.62 shares through a 401(k) plan and 3,688.86 shares through an executive deferral plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment towards the company's performance or future prospects.

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 692 shares is relatively small compared to the total holdings of the executive, suggesting it is a routine tax-related transaction rather than a significant change in sentiment.
• Similar transactions are regularly reported by executives at comparable companies in the utilities sector.

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, David J. Meyer, stock sale, insider trading, Form 4, executive compensation, restricted shares, tax obligations