David J. Meyer - Feb 3, 2022 Form 4 Insider Report for AVISTA CORP (AVA)

Role
Vice President
Signature
/s/David J. Meyer
Stock symbol
AVA
Transactions as of
Feb 3, 2022
Transactions value $
$295,922
Form type
4
Date filed
2/7/2022, 05:10 PM
Previous filing
Jan 14, 2022
Next filing
Mar 16, 2022

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 +99.94% $44.26 6.84K Feb 3, 2022 Direct F1
transaction AVA Common Stock - Performance Shares Options Exercise +864 +12.64% 7.7K Feb 3, 2022 Direct F2
transaction AVA Common Stock - Performance Shares Tax liability -$9.12K -206 -2.68% $44.26 7.49K Feb 3, 2022 Direct F3
holding AVA Estimated Shares held in 401(k) 6 Feb 3, 2022 Shares Held in 401(k) Plan
holding AVA Shares Held in Executive Deferral Plan 6.7K Feb 3, 2022 Shares Held by Trustee

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.