Form 4: Avista VP Hill Reports Performance Share Vesting
Insider Transaction Report
Avista Corp. Vice President Latisha Diane Hill reported the vesting and acquisition of performance shares, with a portion withheld for tax obligations.
Summary
- Latisha Diane Hill, Vice President of Avista Corp. (AVA), reported changes in her beneficial ownership of company securities.
- On March 2, 2026, 1,051 shares of Common Stock Performance Shares (CEPS) were acquired.
- Concurrently, 263 shares were disposed of at a price of $39.92 per share to cover income tax obligations related to the acquired performance shares.
- The transaction also involved the conversion of 2,627 2023 Performance Shares (CEPS) into underlying Common Stock, contingent on performance measures being met.
- Following these transactions, Hill directly owns 18,977.68 shares and indirectly owns 975.07 shares in a 401(k) Plan.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting a routine executive compensation event where performance targets were met, leading to share vesting and increased insider ownership.
Positives
- Vesting of performance shares suggests that the company's performance measures, tied to these awards, were successfully achieved.
- The acquisition of 1,051 shares increases the Vice President's direct ownership in the company, aligning management interests with shareholders.
Negatives
- No direct negatives are apparent from this routine compensation-related filing.
Risks
- NA
Future Outlook
This filing primarily reports past transactions and does not contain explicit forward-looking statements or guidance regarding the company's future performance.
Management Comments
- NA
Industry Context
StockSavvy.ai notes that the vesting of performance shares is a common component of executive compensation packages in the utility sector, designed to incentivize long-term performance and align management interests with shareholder value. This type of transaction is a standard practice for publicly traded companies like Avista Corp.
Comparison to Industry Standards
- This Form 4 filing details a standard executive compensation event involving performance share vesting and tax-related share withholding, which is consistent with common practices across the utility industry and other large public companies. Specific comparisons to other companies' executive compensation structures would require a deeper analysis of their respective proxy statements and compensation plans, which are not detailed in this Form 4.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Increased direct ownership by a Vice President may signal greater alignment of management interests with shareholder value.
- Employees: The vesting of performance shares can serve as a positive signal regarding the company's ability to meet performance targets, potentially boosting morale.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 03/02/2026 | Date of earliest transaction for acquisition and disposition of performance shares. |
| 03/03/2026 | Signature date of the reporting person for the Form 4 filing. |
Keywords
AVISTA CORP, AVA, Form 4, Insider Trading, Performance Shares, Executive Compensation, Latisha Diane Hill, Stock Ownership
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