Manuel Wayne O 4

What Happened

• Manuel Wayne O, Senior Vice President of Avista Corp (AVA), was granted two awards on 2026-02-09: 2,488 restricted shares (awarded at $40.99 each, ~$101,983) and 5,807 performance-based derivative shares (at $40.99 each, ~$238,029). The combined grant is 8,295 shares valued at roughly $340,012. These are awards (code A) — company compensation, not open-market purchases.

Key Details

• Transaction date: 2026-02-09; filing date: 2026-02-10 (timely filing).
• Prices reported: $40.99 per share for both awards.
• Shares after transaction: Not disclosed in the filing.
• Footnotes:
  • F1: The 2,488 restricted shares vest one-third each year over three years and are payable in Avista common stock at each year-end.
  • F2/F3: The 5,807 derivative shares are performance-based (no conversion price). Each performance cycle lasts three years; shares will be issued at the end of the cycle only if performance measures are met.
• Transaction code: A = Award/Grant (compensation).

Context

• These awards are compensation-related: restricted shares vest over time, and the larger component is contingent on meeting multi-year performance goals. That means the full economic benefit depends on future vesting and performance outcomes, so this is not an immediate stock purchase signal.