Edward D. Schlect - Feb 3, 2022 Form 4 Insider Report for AVISTA CORP (AVA)

Role
Vice President
Signature
/s/Edward D. Schlect
Stock symbol
AVA
Transactions as of
Feb 3, 2022
Transactions value $
$295,922
Form type
4
Date filed
2/7/2022, 01:23 PM
Previous filing
Jan 14, 2022
Next filing
Jan 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVA Common Stock - Restricted Share Grant Award $151K +3.42K +27.25% $44.26 16K Feb 3, 2022 Direct F1
transaction AVA Common Stock - Performance Shares Options Exercise +864 +5.41% 16.8K Feb 3, 2022 Direct F2
transaction AVA Common Stock - Performance Shares Tax liability -$9.12K -206 -1.22% $44.26 16.6K Feb 3, 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 $154K +3.47K $44.26 3.47K Feb 3, 2022 Common Stock 3.47K Direct F4, F5
transaction AVA Conversion of 2019 Performance Shares Options Exercise -1.25K -100% 0 Feb 3, 2022 Common Stock 1.25K 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.