Kinney Scott J 4

What Happened Scott J. Kinney, Vice President of Avista Corp. (AVA), was awarded a total of 6,831 shares on Feb 9, 2026 via two grant transactions reported on a Form 4. The filing shows 2,048 restricted shares granted at $40.99 each (value $83,948) and a 4,783-share derivative/performance award valued at $40.99 each (value $196,055), for a combined filing value of about $280,003. These are awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-10, which is timely).
• Grants and values: 2,048 restricted shares @ $40.99 ($83,948); 4,783 performance/derivative shares @ $40.99 ($196,055). Total ≈ $280,003.
• Shares owned after transaction: Not disclosed in the filing.
• Transaction codes: A (award/grant); the 4,783-share award is reported as a derivative (performance-based).
• Notable footnotes:
  • F1: The 2,048 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: No conversion price for the performance award—shares will be issued only if performance measures are met.
  • F3: Each performance cycle is 3 years; shares are issued at the end of each 3-year cycle if performance targets are achieved.
• No indication of a 10b5-1 plan, tax withholding, or that the filing was late.

Context Restricted and performance awards like these represent compensation tied to time-based vesting and company performance; they are not immediate sales and do not necessarily reflect a near-term trading intent. The performance-based portion will only convert into shares if specified metrics are met at the end of the applicable 3-year cycle.