Avista Corp (AVA) VP reports performance share vesting and tax-share disposal

Rhea-AI Filing Summary

Avista Corp vice president Alexis G. Alexander reported equity award activity involving performance-based shares. On 3/2/26, 2023 Performance Shares (CEPS) were converted into 257 shares of common stock at a stated price of $0.00 per share, reflecting vesting of a performance award. On the same date, 79 common shares were disposed of at $39.92 per share to cover income tax withholding on the vested Performance Shares, leaving direct ownership at 4,485 common shares.

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^*

Alexander Alexis G.

(Last) (First) (Middle)

1411 E MISSION AVE

(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)
03/02/2026

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 - Performance Shares (CEPS)	03/02/2026		M		257	A	(1)	4,564	D
Common Stock - Performance Shares (CEPS)	03/02/2026		F		79(2)	D	$39.92	4,485	D

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
Conversion of 2023 Performance Shares (CEPS)	(1)	03/02/2026		M			642	(1)	(1)	Common Stock	642	(1)	0	D

Explanation of Responses:

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

2. Shares withheld to pay income tax on Performance Shares acquired 3/2/26.

	/s/Alexis G. Alexander	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Avista Corp (AVA) report for Alexis G. Alexander?

Avista Corp reported that vice president Alexis G. Alexander had 2023 Performance Shares convert into 257 common shares, with 79 shares withheld and disposed of at $39.92 each for income tax, resulting in direct ownership of 4,485 common shares.

Were the Avista Corp (AVA) insider transactions open-market buys or sells?

The Form 4 shows no open-market buys or sells. The transactions reflect a derivative exercise/conversion of 2023 Performance Shares into common stock and a tax-withholding share disposition, rather than discretionary market purchases or sales of Avista Corp common stock.

How many Avista Corp (AVA) shares did Alexis G. Alexander acquire through performance awards?

On March 2, 2026, Alexis G. Alexander acquired 257 Avista Corp common shares through the conversion of 2023 Performance Shares. These common shares stem from a performance-based equity award that vests and converts when specified performance criteria are achieved under the company’s plan.

Why were some Avista Corp (AVA) shares disposed of in this Form 4 filing?

The filing shows 79 Avista Corp common shares disposed of at $39.92 per share to pay income tax on the vested Performance Shares. This tax-withholding disposition uses shares instead of cash to satisfy the reporting officer’s tax obligation.

What is Alexis G. Alexander’s Avista Corp (AVA) share ownership after these transactions?

After the March 2, 2026 transactions, Alexis G. Alexander directly owns 4,485 Avista Corp common shares. This balance reflects Performance Shares converted into stock, net of the 79 shares withheld and disposed of to cover income tax associated with the vesting event.

What does the ‘Conversion of 2023 Performance Shares (CEPS)’ mean for Avista Corp (AVA)?

The conversion of 2023 Performance Shares into Avista Corp common stock represents vesting of a performance-based equity grant. When the company’s performance conditions are met, these contingent rights turn into actual shares, aligning the executive’s compensation with company outcomes over the performance period.