Form 4: Avista Director Jeffry Philipps Acquires Shares
Statement of Changes in Beneficial Ownership (Form 4)
Avista Corp. Director Jeffry L. Philipps acquired 91 shares of common stock as part of his annual compensation.
Summary
- Jeffry L. Philipps, a Director of Avista Corp. (AVA), acquired 91 shares of common stock.
- The transaction occurred on September 2, 2025, with shares priced at $36.54 each.
- The shares were issued as an award of stock for Director Compensation, specifically as part of the Directors' annual retainer.
- Following this transaction, Mr. Philipps beneficially owns 17,395 shares of Avista Corp. common stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction related to director compensation, which is neutral in terms of immediate positive or negative implications for the company's operational or financial performance.
Positives
- The acquisition of shares by a director aligns their interests with those of shareholders, demonstrating continued commitment to the company.
Future Outlook
The filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This is a routine insider transaction, common for directors of publicly traded companies receiving equity as part of their compensation package. It reflects standard corporate governance practices for aligning management and director interests with shareholders.
Comparison to Industry Standards
- The practice of compensating directors with equity, such as common stock, is a widely accepted standard across industries for public companies, including utilities like Avista Corp. This aligns director incentives with long-term shareholder value.
- The size of the award (91 shares) is typical for routine director compensation, not indicative of an extraordinary event or a significant shift in compensation strategy compared to peers in the utility sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Issuance of 91 shares of common stock to Director Jeffry L. Philipps as part of his annual retainer and director compensation. | 09/02/2025 | Reinforces alignment of director's interests with shareholders through equity ownership, a common corporate governance practice. |
Stakeholder Impact
- Shareholders: The transaction is a routine part of director compensation and is unlikely to have a significant direct impact on existing shareholders, beyond reinforcing director alignment.
Key Dates
| Date | Description |
|---|---|
| 08/29/2025 | Closing price date used for share valuation. |
| 09/02/2025 | Date of transaction where shares were acquired. |
| 09/04/2025 | Date the Form 4 filing was signed by the reporting person. |
Keywords
Avista Corp, AVA, Director Compensation, Insider Trading, Form 4, Stock Acquisition, Beneficial Ownership
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