Hesler Gregory Curtis 4

What Happened

• Gregory Curtis Hesler, Senior Vice President and Corporate Secretary of Avista Corp. (AVA), was granted a total of 10,491 shares on February 9, 2026. That consists of 3,147 restricted shares valued at $40.99 each (total $128,996) and 7,344 performance-contingent shares valued at $40.99 each (total $301,031). The transactions are reported as awards/grants (transaction code A) rather than open-market purchases.

Key Details

• Transaction date: 2026-02-09; filing date: 2026-02-10 (filed promptly).
• Awarded shares and values: 3,147 restricted shares @ $40.99 = $128,996; 7,344 derivative/performance shares @ $40.99 = $301,031. Total: 10,491 shares ≈ $430,027.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1 — Restricted shares vest 1/3 each year over a 3-year period and are payable in Avista common stock at the end of each year.
  • F2 — The performance award has no conversion price; shares are awarded only if performance measures are met.
  • F3 — Performance cycles are three years; shares (if earned) are issued at the end of each 3-year cycle.
• Transaction code: A = Award/Grant. No indication of a 10b5-1 plan, tax withholding, or late filing.

Context

• These grants are compensation awards (not purchases or sales) common for executives and reflect pay, not a direct market bet. The 3,147 restricted shares will vest annually over three years; the 7,344 shares are performance-based and will only be issued if predefined goals are met at the end of the applicable performance cycle.