Form 4: Avista Corp Vice President Sells Shares to Cover Taxes on Vested Restricted Stock

Avista Corp's Vice President, Joshua D. DiLuciano, sold 640 shares of common stock to cover income taxes related to previously vested restricted shares.

Summary

• Joshua D. DiLuciano, a Vice President at Avista Corp, sold 640 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 the same date.
• 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, DiLuciano directly owns 5,702 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.

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 obligations when restricted stock vests.

Comparison to Industry Standards

• Executive stock sales to cover taxes are a common practice across various industries.
• The amount of shares sold is relatively small compared to the total holdings of the executive, which is typical for these types of transactions.
• Similar transactions are regularly reported by executives at other publicly traded companies.

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, Form 4, stock sale, restricted stock, executive compensation, Joshua D. DiLuciano