AVA Form 4: Chairman Scott Morris Granted 91 Shares at $36.54

Rhea-AI Filing Summary

Scott L. Morris, a director and Chairman of the Board of Avista Corporation (AVA), received 91 shares of Avista common stock as a director compensation award executed on 09/02/2025. The grant used the closing price on August 29, 2025, of $36.54 per share to value the award. Following the transaction, Mr. Morris beneficially owned 115,671 shares of Avista common stock on a direct basis. The filing is reported on a Form 4 and indicates the shares were issued as part of the director annual retainer and as an award for director compensation.

Positive

• 91 shares were issued as an award for director compensation, showing the company uses equity for non-employee director pay
• Transaction value referenced the closing price of $36.54, providing a clear valuation basis
• Reporting shows 115,671 shares beneficially owned following the award on a direct basis

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation grant; aligns pay with equity but is immaterial relative to company capitalization.

The Form 4 documents a standard equity award to a director: 91 shares issued as part of the annual retainer and director compensation. The transaction is reported as a direct beneficial ownership change and uses the closing price on August 29, 2025 for valuation. This is a routine corporate governance practice to compensate non-employee directors with stock rather than cash. No additional governance actions, departures, or unusual arrangements are disclosed in the filing.

Securities Analyst

TL;DR: Small, routine insider equity grant with negligible immediate impact on share count or market valuation.

The record shows an acquisition of 91 common shares at $36.54 per share resulting in 115,671 shares beneficially owned directly by the reporting person. As a single director award tied to the annual retainer, the transaction size is small and presented without any derivative instruments or sales. There are no indications of material dilution, debt transactions, or other market-moving disclosures within this Form 4.

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
Estimated average burden
hours per response:			0.5

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^*

MORRIS SCOTT L

(Last) (First) (Middle)

1411 E MISSION AVE

(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)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		A(1)		91(2)	A	$36.54(1)	115,671	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

Explanation of Responses:

1. Shares issued as an award of stock for Director Compensation. The price per share is the closing price on August 29, 2025.

2. Shares issued as part of the Directors annual retainer.

	/s/Scott L. Morris	09/04/2025
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction does the Avista (AVA) Form 4 report for Scott L. Morris?

The Form 4 reports an acquisition of 91 shares of Avista common stock granted as director compensation.

At what price were the shares valued on the Avista Form 4?

The shares were valued using the closing price of $36.54 on August 29, 2025.

How many Avista shares does Scott L. Morris beneficially own after the reported transaction?

Following the reported award, he beneficially owned 115,671 shares on a direct basis.

Was the stock grant part of a regular compensation arrangement?

Yes. The filing states the 91 shares were issued as part of the director's annual retainer and director compensation.

Does the Form 4 show any derivative securities or dispositions by Scott L. Morris?

No. The filing only lists a non-derivative acquisition of common stock and no dispositions or derivative securities.