Avista (NYSE: AVA) VP receives 2026 restricted and performance share awards

Rhea-AI Filing Summary

Avista Corp vice president Latisha D. Hill reported new equity awards and updated holdings. On 02/09/2026 she received a grant of 1,646 shares of Avista common stock as restricted shares at $40.99 per share, which vest in equal thirds over three years and are payable in stock each year. She also received a 2026 performance share grant covering 3,844 shares at a reference price of $40.99, issuable only if stated performance measures are met at the end of a three-year performance cycle. Following these grants, she beneficially owned 18,189.6809 shares directly and 975.07 shares indirectly through a 401(k) plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hill Latisha Diane

(Last) (First) (Middle)

1411 E. MISSION AVENUE

(Street)

SPOKANE WA 99202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AVISTA CORP [ AVA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock - Restricted Shares Grant 2026	02/09/2026		A		1,646(1)	A	$40.99	18,189.6809	D
Estimated Shares held in 401(k)								975.07	I	Shares held in 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Shares Grant - 2026	(2)	02/09/2026		A		3,844		(3)	(3)	Common Stock	3,844	$40.99	3,844	D

Explanation of Responses:

1. 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.

2. No conversion price. Shares awarded if performance measure is met.

3. 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.

	/s/Latisha D. Hill	02/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider transactions did AVISTA CORP (AVA) report for Latisha Hill?

Latisha D. Hill reported awards of 1,646 restricted common shares and 3,844 performance shares, both dated February 9, 2026 at $40.99 per share, plus updated direct and 401(k) holdings reflecting her total beneficial ownership after these grants.

How do the 2026 restricted share grants for AVA’s vice president vest?

The 1,646 restricted shares granted to Avista vice president Latisha Hill vest in equal one-third installments over three years. They are payable in Avista common stock at the end of each year in the three-year vesting period, subject to continued eligibility conditions.

What are the terms of the 2026 performance share grant reported by AVA?

The 2026 performance share grant covers 3,844 underlying Avista common shares. Each performance cycle is three years; shares will be issued only at the end of the three-year cycle if the specified performance measure is met, with no stated conversion price.

What is Latisha Hill’s total direct share ownership in AVA after these grants?

After the February 9, 2026 transactions, Latisha D. Hill beneficially owned 18,189.6809 Avista common shares directly. This figure includes her new 1,646 restricted shares and the 3,844 performance shares reported as directly owned derivative securities on the Form 4.

How many AVISTA CORP shares does Latisha Hill hold through her 401(k) plan?

The filing shows an indirect holding labeled “Estimated Shares held in 401(k)” totaling 975.07 Avista shares. These are described as “Shares held in 401(k) Plan,” reflecting her beneficial interest in company stock held within that retirement account.

Does the AVA performance share grant have a conversion price or exercise cost?

The performance share grant has no conversion price. Instead, shares are awarded only if a defined performance measure is met over the three-year performance cycle, and then issued at the end of that cycle according to the plan’s terms.