4/A: Avista Corp Vice President Scott J. Kinney Reports Stock Transactions

Avista Corp's Vice President, Scott J. Kinney, reported the acquisition and disposal of company stock related to performance shares and tax obligations.

Summary

• Scott J. Kinney, a Vice President at Avista Corp, reported transactions involving the company's common stock on January 8, 2025.
• These transactions include the acquisition of 957 performance shares and the disposal of 291 shares to cover income tax obligations.
• The shares were related to the conversion of 2022 performance shares based on Total Shareholder Return (TSR).
• The price of the shares disposed of for tax purposes was $36.54.
• Following these transactions, Mr. Kinney directly owns 8,079 shares and indirectly owns 1,323.01 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of stock transactions by an executive, which is a neutral event. The transactions are part of a standard compensation plan and do not indicate any significant positive or negative sentiment.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the executive's holdings and compensation.

Comparison to Industry Standards

• The reporting of stock transactions by company executives is a standard practice across all publicly listed companies in the US.
• Form 4 filings are a common requirement by the SEC to ensure transparency and prevent insider trading.
• The use of performance shares as part of executive compensation is a common practice in the utility industry and other sectors.
• Companies like Duke Energy, Southern Company, and NextEra Energy also use similar compensation structures for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard compensation practices for executives.
• The disclosure provides transparency to stakeholders regarding executive stock ownership.

Key Dates

Keywords

Avista Corp, stock transaction, performance shares, insider trading, Form 4, TSR, executive compensation