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

Avista Corp's Vice President, Latisha Hill, sold 720 shares of common stock to cover income taxes related to vesting restricted shares.

Summary

• Latisha Hill, a Vice President at Avista Corp, sold 720 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 taxes were for the final third of 2022, the second third of 2023, and the first third of 2024 restricted shares.
• Following the transaction, Ms. Hill directly owns 10,365 shares and indirectly owns 709.28 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: This is a neutral transaction, a routine sale of shares by an executive to cover taxes. It does not indicate any positive or negative sentiment about the company's performance.

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

• Executive stock sales to cover taxes are a common practice across publicly traded companies.
• The number of shares sold and the price are specific to Avista Corp and the executive's compensation package.
• Similar transactions can be observed in filings from other utility companies such as Sempra Energy or Edison International.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Avista Corp, insider trading, stock sale, Latisha Hill, executive compensation, restricted shares, Form 4