Avista Corp (AVA) grants restricted and performance shares to senior vice president

Rhea-AI Filing Summary

Avista Corp

He was also granted 7,344 performance shares at a reference price of $40.99. The restricted shares vest in three equal annual installments over a three-year period and are paid in Avista common stock each year. The performance shares cover a three-year performance cycle, with shares issued at the end of the cycle only if specified performance measures are met.

02/10/2026 - 04:50 PM

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)
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		3,147(1)	A	$40.99	23,720.9726	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
Performance Shares Grant - 2026	(2)	02/09/2026		A		7,344		(3)	(3)	Common Stock	7,344	$40.99	7,344	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/Gregory C. Hesler	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did AVISTA CORP (AVA) report for Gregory C. Hesler?

Avista reported equity awards to senior vice president and corporate secretary Gregory C. Hesler. On 02/09/2026 he received 3,147 restricted common shares and 7,344 performance shares, both referenced at $40.99 per share, as part of his long-term compensation.

How many AVISTA CORP (AVA) restricted shares were granted and how do they vest?

Gregory C. Hesler was granted 3,147 restricted common shares of Avista Corp at $40.99. These restricted shares vest one-third each year over a three-year period and are payable in Avista common stock at the end of each year in that three-year schedule.

What are the terms of the 7,344 AVISTA CORP (AVA) performance shares granted?

Hesler received 7,344 performance shares at a reference price of $40.99. Each performance cycle is three years long, and shares are issued at the end of each three-year cycle only if the specified performance measure is met, aligning payout with company performance.

What is Gregory C. Hesler’s AVISTA CORP (AVA) share ownership after these grants?

After the 02/09/2026 restricted stock grant, Hesler directly owns 23,720.9726 shares of Avista common stock. This figure reflects his beneficially owned non-derivative common shares immediately following the reported restricted stock award transaction.

What role does Gregory C. Hesler hold at AVISTA CORP (AVA)?

Gregory C. Hesler is an officer of Avista Corp, serving as senior vice president and corporate secretary. The reported restricted stock and performance share grants represent part of his executive equity compensation in that leadership position.

Do the AVISTA CORP (AVA) performance shares have a conversion price?

The performance shares granted to Hesler have no conversion price. According to the terms, shares are awarded only if the specified performance measure is met at the end of the three-year performance cycle, rather than through a price-based exercise.