Edward D. Schlect - 03 Feb 2022 Form 4 Insider Report for AVISTA CORP (AVA)

Role
Vice President
Signature
/s/Edward D. Schlect
Issuer symbol
AVA
Transactions as of
03 Feb 2022
Net transactions value
+$295,922
Form type
4
Filing time
07 Feb 2022, 13:23:01 UTC
Previous filing
14 Jan 2022
Next filing
19 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVA Common Stock - Restricted Share Grant Award $151,281 +3,418 +27% $44.26 15,963 03 Feb 2022 Direct F1
transaction AVA Common Stock - Performance Shares Options Exercise +864 +5.4% 16,827 03 Feb 2022 Direct F2
transaction AVA Common Stock - Performance Shares Tax liability $9,118 -206 -1.2% $44.26 16,621 03 Feb 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVA Performance Shares Grant - 2022 Award $153,759 +3,474 $44.26 3,474 03 Feb 2022 Common Stock 3,474 Direct F4, F5
transaction AVA Conversion of 2019 Performance Shares Options Exercise -1,252 -100% 0 03 Feb 2022 Common Stock 1,252 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Shares vest 1/3 each year over a 3-year period and are payable in Avista Corp. Common Stock at the end of each year in the 3-year period.
F2 Each performance share represents a contingent right to receive a share of Avista Common Stock upon achieving a specified performance measure.
F3 Shares withheld to pay income tax on Performance Shares acquired 2/3/22.
F4 No conversion price. Shares awarded if performance measure is met.
F5 Each performance cycle is 3 years in length. Shares will be issued at the end of each 3-year cycle if performance measure is met.