Avista (NYSE: AVA) SVP logs performance share conversion and tax withholding

Rhea-AI Filing Summary

AVISTA CORP Senior Vice President Wayne O. Manuel reported equity award activity involving performance-based shares. On March 2, 2026, 2,705 "Conversion of 2023 Performance Shares (CEPS)" derivative units were exercised or converted with a stated price of $0.00 per unit, consistent with a performance award structure.

On the same date, he acquired 1,082 shares of "Common Stock - Performance Shares (CEPS)" at a stated price of $0.00 per share, reflecting shares delivered upon meeting performance conditions. A separate transaction withheld 270 shares of common stock at $39.92 per share to cover income tax on the performance shares. After these transactions, his directly held common stock position was 12,113.99 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^*

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)
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		1,082	A	(1)	12,383.99	D
Common Stock - Performance Shares (CEPS)	03/02/2026		F		270(2)	D	$39.92	12,113.99	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			2,705	(1)	(1)	Common Stock	2,705	(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/Wayne O. Manuel	03/03/2026
	** 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 transactions did AVISTA CORP (AVA) report for Wayne O. Manuel?

Wayne O. Manuel reported conversion and settlement of performance-based awards. He exercised 2,705 2023 Performance Shares (CEPS), received 1,082 common shares at $0.00 per share, and had 270 shares withheld at $39.92 per share to cover income tax obligations.

How many AVISTA CORP (AVA) shares did Wayne O. Manuel acquire from performance awards?

He acquired 1,082 shares of AVISTA CORP common stock from performance share awards at a stated price of $0.00 per share. These shares were delivered after performance measures were met under the company’s 2023 Performance Shares (CEPS) program, increasing his direct ownership stake.

Why were AVISTA CORP (AVA) shares withheld in Wayne O. Manuel’s Form 4 filing?

The Form 4 shows 270 AVISTA CORP shares withheld at $39.92 per share. A footnote explains these shares were retained to pay income tax on the Performance Shares acquired on March 2, 2026, representing a tax-withholding disposition rather than an open-market sale.

What is Wayne O. Manuel’s AVISTA CORP (AVA) share ownership after these transactions?

Following the reported March 2, 2026 transactions, Wayne O. Manuel directly owns 12,113.99 shares of AVISTA CORP common stock. This balance reflects the net effect of performance share conversion, common stock delivery, and shares withheld for tax obligations related to the equity award.

How does the Form 4 classify Wayne O. Manuel’s AVISTA CORP (AVA) transactions?

The filing classifies two transactions as exercises or conversions of derivative securities (code M) that result in acquired shares, and one transaction as a tax-withholding disposition (code F). Overall, the normalized directions show two acquire events and one dispose event related to equity compensation.