Form 4: Avista VP DiLuciano Reports Performance Share Transactions

Avista Corp. Vice President Joshua D. DiLuciano reported the acquisition of common stock from performance shares and a related tax withholding transaction.

Summary

• Joshua D. DiLuciano, Vice President of Avista Corp., reported transactions involving the company's common stock.
• On March 2, 2026, Mr. DiLuciano acquired 1,126 shares of Avista Corp. Common Stock.
• This acquisition resulted from the conversion of 2,814 derivative 2023 Performance Shares (CEPS), which vested upon meeting specific performance measures, with no conversion price.
• Concurrently, 274 shares were disposed of at a price of $39.92 per share to satisfy income tax obligations related to the acquired performance shares.
• Following these transactions, Mr. DiLuciano's direct beneficial ownership of Common Stock stands at 13,009.07 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine executive compensation transactions (vesting of performance shares and tax-related sales) which are standard and expected disclosures.

Positives

• The acquisition of 1,126 shares indicates that performance measures were met, leading to the vesting and conversion of performance shares for a key executive.
• The executive's continued beneficial ownership of 13,009.07 shares aligns management's interests with shareholders.

Negatives

• The disposition of 274 shares to cover tax liabilities, while a common practice, represents a reduction in the executive's direct holdings.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as the vesting of performance shares and subsequent tax-related sales, are common occurrences in publicly traded companies, particularly for utility companies like Avista Corp. These transactions reflect standard executive compensation practices tied to performance incentives.

Related Party Transactions

• The transactions involve an officer of Avista Corp. acquiring and disposing of company stock, which is inherently a related party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: The vesting of performance shares aligns executive incentives with shareholder value creation. The tax-related sale is a common practice and generally has minimal impact on overall share float or price.
• Employees: The report reflects standard executive compensation practices, which can influence broader compensation strategies within the company.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation transactions (vesting of performance shares and subsequent tax-related sales). Such disclosures are standard and do not typically provide new information that would warrant a change in investment recommendation. The transactions reflect the execution of pre-existing compensation plans rather than discretionary buying or selling that might signal a change in management's outlook.

Keywords

Avista Corp, AVA, Joshua D. DiLuciano, Form 4, insider transaction, performance shares, common stock, executive compensation, stock award, tax withholding