Avista Corp. (AVA) SVP awarded restricted and performance shares

Rhea-AI Filing Summary

Avista Corp. reported that Senior Vice President Wayne O. Manuel received new equity awards on February 9, 2026. He was granted 2,488 shares of restricted common stock at $40.99 per share, increasing his directly held common stock to 11,301.9874 shares. These restricted shares vest in equal thirds over three years and are paid in Avista common stock each year.

Manuel also received a 2026 performance share grant covering 5,807 performance shares, referenced at $40.99 per share. Each performance cycle lasts three years, and shares are issued at the end of the cycle only if specified performance measures are met, with no conversion price.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Manuel Wayne O

(Last) (First) (Middle)

1411 E MISSION

(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)
	Senior 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		2,488(1)	A	$40.99	11,301.9874	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
Performance Shares Grant - 2026	(2)	02/09/2026		A		5,807		(3)	(3)	Common Stock	5,807	$40.99	5,807	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/Wayne O. Manuel	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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Avista Corp (AVA) report for Wayne O. Manuel?

Avista Corp reported that Senior Vice President Wayne O. Manuel received equity awards on February 9, 2026. He was granted 2,488 restricted common shares and 5,807 performance shares, both referenced at $40.99 per share, as part of his compensation package.

How many Avista (AVA) restricted shares were granted to Wayne O. Manuel?

Wayne O. Manuel received 2,488 restricted shares of Avista common stock at a reference price of $40.99. Following this grant, his directly held common stock position totaled 11,301.9874 shares, reflecting the addition of these time-vesting restricted shares.

What are the vesting terms for Wayne O. Manuel’s Avista restricted stock?

The restricted shares granted to Wayne O. Manuel vest in thirds over three years. One-third of the 2,488 shares becomes payable in Avista common stock at the end of each year in the three-year vesting period, subject to continued service conditions.

What performance share award did Avista (AVA) grant to Wayne O. Manuel in 2026?

Avista granted Wayne O. Manuel a 2026 performance share award covering 5,807 performance shares at a reference price of $40.99. Each performance cycle lasts three years, and shares are issued only at the end of the cycle if performance measures are achieved.

How do Wayne O. Manuel’s Avista performance shares vest and convert to stock?

The 5,807 performance shares have three-year performance cycles. There is no conversion price; instead, Avista issues common shares at the end of each three-year cycle only if defined performance measures are met, aligning the award with company performance.

Is Wayne O. Manuel’s Avista equity ownership direct or indirect after these grants?

The Form 4 shows Wayne O. Manuel’s Avista holdings as directly owned. After receiving 2,488 restricted shares, his directly held common stock totaled 11,301.9874 shares, and the 5,807 performance shares are also reported as directly held derivative securities.