Form 4: Avista VP Kinney Sells Shares for Tax, Converts Performance Awards

Avista Corp. Vice President Scott J. Kinney reported the sale of 1,023 common shares to cover tax obligations on vested restricted stock and the conversion of 938 performance shares into common stock.

Summary

• Scott J. Kinney, Vice President of Avista Corp. (AVA), reported transactions on January 6, 2026.
• Kinney disposed of 1,023 shares of Common Stock at a price of $38.95 per share.
• This sale was conducted to pay income tax on the final one-third of 2023, second one-third of 2024, and first one-third of 2025 restricted shares that vested on the same date.
• Kinney also acquired 938 shares of Common Stock through the conversion of 2023 Performance Shares (TSR), indicating performance measures were met.
• Following these transactions, Kinney directly beneficially owns 10,518.7289 shares of Common Stock.
• Additionally, 1,385.52 shares are indirectly held in a 401(k) Plan.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation and tax obligations, which are generally neutral in sentiment. The conversion of performance shares is a positive indicator of met targets, while the sale for tax is a standard practice.

Positives

• The conversion of 938 performance shares into common stock indicates that performance measures for the 2023 Performance Shares (TSR) were successfully met.

Negatives

• Scott J. Kinney sold 1,023 shares of Common Stock, reducing his direct beneficial ownership, although this was for tax obligations related to vested restricted shares.

Future Outlook

This Form 4 filing is a report of insider transactions and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing details a routine insider transaction for an executive, involving the sale of shares to cover tax liabilities on vested equity awards and the conversion of performance-based awards. Such transactions are common in executive compensation structures across various industries and do not inherently reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transactions represent a minor change in an executive's direct ownership, which is a routine event and typically has minimal direct impact on the broader shareholder base.
• Employees: The vesting of restricted shares and conversion of performance shares are part of executive compensation, which can be a component of overall employee incentive structures.

Key Dates

Keywords

Avista Corp, AVA, Scott J. Kinney, Insider Transaction, Form 4, Stock Sale, Performance Shares, Restricted Stock, Executive Compensation, Tax Obligations