Avista (AVA) VP gains performance-based shares, 263 withheld for taxes

Rhea-AI Filing Summary

Avista Corp vice president Latisha Diane Hill reported equity award activity involving performance-based shares. On March 2, 2026, she exercised 2,627 2023 Performance Shares (CEPS) with no conversion price, with shares awarded only when a performance measure was met.

This conversion resulted in 1,051 shares of Avista common stock credited to her direct holdings. On the same date, 263 common shares were automatically withheld at $39.92 per share to cover income taxes on the performance shares acquired, leaving 18,977.68 common shares held directly. She also reports an indirect holding of 975.07 shares in a 401(k) plan.

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^*

Hill Latisha Diane

(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)
	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		1,051	A	(1)	19,240.68	D
Common Stock - Performance Shares (CEPS)	03/02/2026		F		263(2)	D	$39.92	18,977.68	D
Estimated Shares held in 401(k)								975.07	I	Shares held in 401(k) Plan

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			2,627	(1)	(1)	Common Stock	2,627	(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/Latisha D. Hill	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Avista (AVA) vice president Latisha Diane Hill report?

Latisha Diane Hill reported a conversion of 2,627 2023 Performance Shares (CEPS) into Avista common stock on March 2, 2026, plus a related tax-withholding share disposition from those performance-based awards.

How many Avista (AVA) performance shares did the vice president convert?

She converted 2,627 2023 Performance Shares (CEPS) on March 2, 2026. According to the disclosure, these awards had no conversion price and shares were only awarded if a specified performance measure was met.

How many Avista (AVA) common shares did Latisha Diane Hill acquire from the award conversion?

The conversion of performance shares resulted in 1,051 Avista common shares being credited to her direct holdings on March 2, 2026. These shares reflect settlement of performance-based equity awards, not an open-market stock purchase.

Why were some Avista (AVA) shares disposed of in Latisha Diane Hill’s Form 4?

The filing shows 263 common shares were withheld at $39.92 per share to pay income tax on the performance shares acquired on March 2, 2026. This is disclosed as a tax-withholding disposition, not an open-market sale.

What are Latisha Diane Hill’s Avista (AVA) share holdings after these transactions?

After the reported transactions, she directly holds 18,977.68 Avista common shares. In addition, she indirectly holds an estimated 975.07 shares through a 401(k) plan, as disclosed in the Form 4 filing.

Do the Avista (AVA) performance share awards have a conversion price?

The footnotes state there is no conversion price for the 2023 Performance Shares (CEPS). Shares are awarded only if the specified performance measure is met, reflecting performance-based equity compensation rather than a traditional option exercise.