Krasselt Ryan L 4

What Happened

• Ryan L. Krasselt, Vice President of Avista Corp (AVA), was granted a total of 5,124 shares on 2026-02-09 under award code A. That consists of 1,536 restricted shares at $40.99 each (value $62,961) and a 3,588-share performance-based/derivative award at $40.99 each (value $147,072). Total reported value: $210,033. These were awards/grants (not open-market purchases or sales).

Key Details

• Transaction date(s): 2026-02-09; filing date: 2026-02-10 (Form 4 accession 0000104918-26-000021).
• Price used for reporting: $40.99 per share for both awards.
• Shares issued/acquired: 1,536 restricted shares (A) and 3,588 derivative/performance shares (A), total 5,124 shares.
• Shares owned after transaction: not disclosed in the provided summary of the filing.
• Footnotes / vesting conditions:
  • F1: The 1,536 restricted shares vest 1/3 each year over a 3-year period and are payable in Avista common stock at each year-end.
  • F2: The performance award has no conversion price; shares are awarded only if the performance measure is met.
  • F3: Each performance cycle is 3 years; shares from the performance award will be issued at the end of a 3-year cycle if performance goals are met.
• Filing timeliness: Filed the day after the transaction (no late filing indicated).

Context

• These transactions are awards/grants (code A). The 1,536 shares are time‑based restricted stock subject to annual vesting; the 3,588 shares are performance-based and will only convert to common stock if Avista meets the stated performance metrics at the end of the performance cycle. Awards increase potential insider ownership if and when they vest or performance targets are satisfied, but they are not the same as an immediate open-market purchase.