Mark T. Thies - Feb 3, 2022 Form 4 Insider Report for AVISTA CORP (AVA)

Role
EVP, CFO & Treasurer
Signature
/s/Mark T. Thies
Stock symbol
AVA
Transactions as of
Feb 3, 2022
Transactions value $
$731,662
Form type
4
Date filed
2/7/2022, 01:39 PM
Previous filing
Jan 7, 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 $190 K +4.29 K +3.35% $44.26 132 K Feb 3, 2022 Direct F1
transaction AVA Common Stock - Performance Shares Options Exercise +2.63 K +1.99% 135 K Feb 3, 2022 Direct F2
transaction AVA Common Stock - Performance Shares Tax liability -$28.4 K -641 -0.48% $44.26 134 K Feb 3, 2022 Direct F3
holding AVA Common Stock in Spouse's Plan 5.75 K Feb 3, 2022 Held by Spouse

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 $570 K +12.9 K $44.26 12.9 K Feb 3, 2022 Common Stock 12.9 K Direct F4, F5
transaction AVA Conversion of 2019 Performance Shares Options Exercise -3.81 K -100% 0 Feb 3, 2022 Common Stock 3.81 K Direct F2

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.