Form 4: Avista Corp Vice President Sells Shares to Cover Tax Obligations

Avista Corp's Vice President, Wayne O. Manuel, sold 1,542 shares of common stock to cover income tax obligations related to vested restricted shares.

Summary

• Wayne O. Manuel, a Vice President at Avista Corp, sold 1,542 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 the vesting of restricted shares.
• The restricted shares vested on January 6, 2025, and included the second 1/3 of 2023 and first 1/3 of 2024 grants, as well as special 2024 restricted shares.
• Following the transaction, Mr. Manuel directly owns 8,095 shares of Avista Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

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 tax obligations are a common practice across publicly traded companies.
• The sale of 1,542 shares is not unusual for a Vice President at a company of Avista's size.
• The price of $35.24 per share is consistent with the market price of Avista 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, restricted shares, tax obligations, Form 4, executive compensation