Dennis P. Vermillion - Feb 2, 2023 Form 4 Insider Report for AVISTA CORP (AVA)

Role
President & CEO
Signature
/s/Dennis P. Vermillion
Stock symbol
AVA
Transactions as of
Feb 2, 2023
Transactions value $
$2,675,008
Form type
4
Date filed
2/6/2023, 02:04 PM
Previous filing
Jan 12, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVA Common Stock - Restricted Shares Grant 2023 Award $802K +19.1K +16.76% $41.98 133K Feb 2, 2023 Direct F1
holding AVA Estimated Shares held in 401(k) 112 Feb 2, 2023 Shares held in 401(k) Plan

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 - 2023 Award $1.87M +44.6K $41.98 44.6K Feb 2, 2023 Common Stock 44.6K Direct F2, F3
* 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 No conversion price. Shares awarded if performance measure is met.
F3 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.