David J. Meyer - 03 Feb 2022 Form 4 Insider Report for AVISTA CORP (AVA)

Role
Vice President
Signature
/s/David J. Meyer
Issuer symbol
AVA
Transactions as of
03 Feb 2022
Net transactions value
+$295,922
Form type
4
Filing time
07 Feb 2022, 17:10:35 UTC
Previous filing
14 Jan 2022
Next filing
16 Mar 2022
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 +100% $44.26 6,838 03 Feb 2022 Direct F1
transaction AVA Common Stock - Performance Shares Options Exercise +864 +13% 7,702 03 Feb 2022 Direct F2
transaction AVA Common Stock - Performance Shares Tax liability $9,118 -206 -2.7% $44.26 7,494 03 Feb 2022 Direct F3
holding AVA Estimated Shares held in 401(k) 6 03 Feb 2022 Shares Held in 401(k) Plan
holding AVA Shares Held in Executive Deferral Plan 6,696 03 Feb 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 $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.