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

Avista Corp.'s Vice President, Joshua D. DiLuciano, sold 971 common shares to cover tax obligations on vested restricted stock and converted 938 performance shares into common stock.

Summary

• Joshua D. DiLuciano, Vice President of Avista Corp. (AVA), reported transactions involving the company's common stock.
• On January 6, 2026, Mr. DiLuciano disposed of 971 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.
• Additionally, on January 6, 2026, 938 2023 Performance Shares (TSR) were converted into common stock, indicating that performance measures were met.
• Following these transactions, Mr. DiLuciano beneficially owns 10,401.0699 shares of Avista Corp. common stock directly.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to equity vesting and tax obligations. It is neutral in sentiment, reflecting standard compensation practices rather than significant positive or negative operational news.

Positives

• The conversion of 938 2023 Performance Shares (TSR) into common stock indicates that the company met specific performance measures, which is a positive sign for operational execution.

Negatives

• The sale of 971 common shares by a Vice President, while for tax purposes, represents a reduction in direct beneficial ownership.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

Insider transactions, such as the vesting of restricted stock and performance shares, followed by sales to cover tax liabilities, are common occurrences in publicly traded companies across all industries. These routine filings provide transparency into executive compensation and ownership changes but typically do not reflect a change in management's outlook on the company's prospects.

Comparison to Industry Standards

• The reported transactions are standard for executive compensation plans, where equity awards vest over time and a portion is often sold to cover tax obligations. This practice is consistent with compensation structures seen in utility companies and other sectors, aiming to align executive interests with shareholder value through long-term equity incentives.

Stakeholder Impact

• Shareholders: The transactions provide transparency into executive stock ownership and compensation, which is generally positive for corporate governance. The sale of shares for tax purposes is a common event and typically has minimal impact on the broader shareholder base.
• Employees: The vesting of performance shares and restricted stock demonstrates the company's commitment to its equity compensation plans, which can be a positive for employee morale and retention.

Key Dates

Keywords

Avista Corp, AVA, Insider Transaction, Form 4, Stock Sale, Performance Shares, Restricted Stock, Equity Vesting, Tax Obligation