Christie Kevin J 4

What Happened

• Kevin J. Christie, SVP, CFO & Treasurer of Avista Corp., was granted two awards on 2026-02-09 (transaction code A). He received 5,342 restricted shares at $40.99 each (value $218,969) and 12,468 performance-based/derivative shares at $40.99 each (notional value $511,063). Total notional value of the grants is about $730,032.
• These are awards (grants), not open-market purchases or sales; restricted shares typically vest over time, while the larger award is performance-contingent and will only be issued if performance goals are met.

Key Details

• Transaction date and price: 2026-02-09, price reported $40.99 per share for both awards.
• Share counts and values: 5,342 restricted shares ($218,969) + 12,468 performance/derivative shares ($511,063) = 17,810 shares (~$730,032).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes:
  • F1: The 5,342 restricted shares vest 1/3 each year over a 3-year period and are paid in Avista common stock at each year-end.
  • F2/F3: The 12,468 award is performance-based with no conversion price; each performance cycle is 3 years and shares are issued at the end of a cycle only if performance measures are met.
• Filing timeliness: Report filed 2026-02-10 for transactions on 2026-02-09; no late filing flag indicated.

Context

• Awards and restricted shares are common compensation tools for executives and do not represent open-market buying or selling. The performance-based portion is contingent on meeting future targets and may result in no shares issued if targets are not met.
• For retail investors, grants can indicate alignment of executive incentives with shareholders, but they do not on their own signal insider confidence in the short-term stock price.