Avista Corp (AVA) officer logs performance share conversion and tax-related sale

Rhea-AI Filing Summary

Avista Corp senior vice president and corporate secretary Gregory Curtis Hesler reported routine equity compensation activity. On January 6, 2026, 1,376 "Conversion of 2023 Performance Shares (TSR)" derivative awards converted into an equal number of common shares after the performance measure was met, at a stated conversion price of $0.00 per share. On the same date, 1,265 common shares were disposed of at $38.95 per share to cover income taxes on portions of restricted share grants from 2023, 2024, and 2025 that vested that day. Following these transactions, Hesler directly holds 20,573.9726 common shares of Avista Corp.

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^*

Hesler Gregory Curtis

(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)
	Sr V President/Corp Secretary

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

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	01/06/2026		F		1,265(1)	D	$38.95	20,573.9726	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 (TSR)	(2)	01/06/2026		M			1,376	(2)	(2)	Common Stock	1,376	(2)	0	D

Explanation of Responses:

1. Shares sold to pay income tax on final 1/3 of 2023, second 1/3 of 2024 and first 1/3 of 2025 restricted shares that vested on January 6, 2026.

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

	/s/Gregory C. Hesler	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did AVISTA CORP (AVA) report for Gregory Curtis Hesler?

Gregory Curtis Hesler reported two transactions on January 6, 2026: the conversion of 1,376 performance share awards into common stock and the disposal of 1,265 common shares related to tax obligations on vested restricted shares.

Why were 1,265 AVISTA CORP (AVA) shares disposed of by Gregory Curtis Hesler?

According to the footnote, the 1,265 common shares were sold to pay income tax on the final one-third of 2023, the second one-third of 2024, and the first one-third of 2025 restricted shares that vested on January 6, 2026.

What happened to the 2023 performance shares (TSR) for AVISTA CORP (AVA)?

The filing shows a transaction titled "Conversion of 2023 Performance Shares (TSR)", where 1,376 derivative securities converted into 1,376 shares of common stock after the performance measure was met, with a stated conversion price of $0.00.

How many AVISTA CORP (AVA) shares does Gregory Curtis Hesler own after these transactions?

After the reported January 6, 2026 transactions, Gregory Curtis Hesler directly and beneficially owns 20,573.9726 shares of Avista Corp common stock.

Is Gregory Curtis Hesler a director or officer of AVISTA CORP (AVA)?

The filing identifies Gregory Curtis Hesler as an officer of Avista Corp with the title Sr V President/Corp Secretary. He is not listed as a director or a 10% owner in this report.

Were the AVISTA CORP (AVA) insider transactions reported as direct or indirect ownership?

Both the conversion of performance shares and the disposal of common stock are reported under direct ownership (D), with no separate entity or indirect beneficial owner indicated in the nature of ownership.