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

Avista Corp's Vice President, Scott J. Kinney, sold 663 shares of common stock to cover income taxes related to previously vested restricted shares.

Summary

• Scott J. Kinney, a Vice President at Avista Corp, sold 663 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, Kinney directly owns 7,413 shares and indirectly owns 1,323.01 shares through a 401(k) plan.

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

• Similar transactions are common across publicly traded companies where executives receive stock-based compensation.
• Many companies use restricted stock units (RSUs) as part of their compensation packages, which often vest over time and trigger tax liabilities.
• Executives typically sell a portion of their vested shares to cover these taxes, which is a standard practice.

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 stock, executive compensation, Form 4, Scott J. Kinney