Form 4: Avista VP Kinney Reports Performance Share Transactions

Avista Corp. Vice President Scott J. Kinney reported the acquisition and subsequent tax-related disposal of performance shares, alongside the conversion of derivative securities.

Summary

• Scott J. Kinney, Vice President of AVISTA CORP (AVA), reported transactions involving the company's common stock and derivative securities.
• On March 2, 2026, Kinney acquired 1,126 shares of Common Stock Performance Shares (CEPS).
• Concurrently, 275 shares of Common Stock Performance Shares (CEPS) were disposed of at a price of $39.92 per share to cover income tax obligations related to the acquired performance shares.
• Kinney's direct beneficial ownership of Common Stock Performance Shares (CEPS) following these transactions is 13,417.73 shares.
• An estimated 1,385.52 shares are held indirectly in a 401(k) plan.
• Kinney also reported the conversion of 2,814 derivative securities, specifically 2023 Performance Shares (CEPS), into an equivalent number of common stock shares, with no conversion price as shares are awarded upon meeting performance measures.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting routine executive compensation and the successful achievement of performance metrics, rather than a strategic shift or significant market signal.

Positives

• The acquisition of 1,126 performance shares and the conversion of 2,814 derivative performance shares indicate that performance measures were met, leading to the vesting and award of these shares to a key executive.

Negatives

• A disposal of 275 shares occurred to satisfy income tax obligations, resulting in a reduction of direct beneficial ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that these transactions are routine for executives receiving performance-based equity compensation. Such filings provide transparency into insider holdings but typically do not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive equity holdings and compensation, confirming that performance targets for share awards were met.
• Employees: Reflects standard executive compensation practices, which may align with broader employee incentive structures.

Key Dates

Keywords

Avista Corp, AVA, Scott J. Kinney, Form 4, Insider Transaction, Performance Shares, Equity Compensation, Stock Ownership, Executive Compensation