Alexander Alexis G. 4

What Happened
Alexander Alexis, Vice President of Avista Corp (AVA), was granted a total of 4,880 shares on 2026-02-09 via company awards (transaction code A). The grant breaks down into 1,464 restricted shares at $40.99 each (value $60,009) and 3,416 performance-based (derivative) shares valued at $40.99 each (value $140,022), for a combined reported value of $200,031. These are awards (not open-market purchases or sales).

Key Details

• Transaction date: 2026-02-09; Form 4 filed 2026-02-10 (timely filing).
• Prices and values: 1,464 shares @ $40.99 = $60,009; 3,416 shares @ $40.99 = $140,022; total ≈ $200,031.
• Shares owned after the transaction: Not specified in the filing.
• Transaction code: A (award/grant). The 3,416-share item is reported as a derivative award.
• Footnotes from the filing:
  • Restricted shares vest 1/3 each year over a 3-year period and are paid in Avista common stock at each year-end.
  • Performance awards have no conversion price; shares are issued only if performance measures are met.
  • Each performance cycle is 3 years; performance shares are issued at the end of the cycle if targets are achieved.
• Filing timeliness: filed the next day (not late).

Context
These awards are compensation grants subject to vesting and performance conditions. The restricted shares vest annually over three years; the larger block is performance-based and will only convert into stock if Avista meets the stated performance criteria at the end of the applicable 3-year cycle. Because these are grants (not market purchases), they reflect compensation arrangements rather than an immediate insider purchase signal.