Form 4: Avista Corp VP Latisha Hill Reports Stock Grant and Performance Shares

Latisha Hill, Vice President of Avista Corp, reports the acquisition of restricted stock and performance shares.

Summary

• Latisha Hill, a Vice President at Avista Corp, filed a Form 4 on February 13, 2025.
• The report details the grant of 5,882 restricted shares of Avista Corp common stock at a price of $36.98 on February 12, 2025.
• These restricted shares vest in three equal annual installments.
• Hill also received a grant of 4,260 performance shares, with no conversion price, also on February 12, 2025.
• These performance shares are awarded if performance measures are met over a three-year cycle.
• Following these transactions, Hill directly owns 16,907 shares and indirectly owns 709.28 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, indicating a stable and well-governed company. The sentiment is neutral to positive.

Positives

• The grant of restricted stock and performance shares aligns Latisha Hill's interests with those of Avista Corp shareholders.
• The vesting schedule of the restricted shares encourages continued service and contribution to the company.

Future Outlook

The performance shares are contingent on meeting performance measures over a three-year cycle, indicating a focus on long-term performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Stock grants and performance-based compensation are common practices among publicly traded companies to incentivize executives.
• The vesting schedule of the restricted shares is typical, aligning with industry standards for retention and performance.

Stakeholder Impact

• The stock grants align management's interests with shareholders, potentially leading to increased shareholder value.
• The performance shares incentivize management to achieve company goals, benefiting all stakeholders.

Key Dates

Keywords

Form 4, Avista Corp, Latisha Hill, Restricted Stock, Performance Shares, Beneficial Ownership, Insider Trading