Thackston Jason R 4

What Happened
Jason R. Thackston, Senior Vice President of Avista Corp (AVA), was granted a total of 10,491 shares on 2026-02-09 through company awards. The filing shows two award entries: 3,147 restricted shares at $40.99 each (value $128,996) and 7,344 derivative/performance-based shares at $40.99 each (value $301,031). These were awards (code A) — compensation grants, not open-market purchases or sales.

Key Details

• Transaction date and price: 2026-02-09, shares recorded at $40.99 per share.
• Award breakdown: 3,147 restricted shares ($128,996) + 7,344 performance-based/derivative shares ($301,031) = 10,491 shares (~$430,027 total).
• Shares owned after transaction: Not reported in the data provided in this summary.
• Footnotes of note:
  • F1: Restricted shares vest 1/3 each year over a 3-year period and are payable in Avista common stock at each year-end.
  • F2: Performance awards have no conversion price; shares are awarded only if performance measures are met.
  • F3: Each performance cycle is 3 years; shares (if earned) will be issued at the end of the cycle.
• Filing timeliness: Reported on 2026-02-10 for a 2026-02-09 transaction — appears to be timely (Form 4 due within two business days).

Context
These are compensation awards (time-based restricted stock and performance-based awards), so they reflect company pay practices rather than an insider buying or selling in the open market. The 7,344-share component is contingent on meeting performance goals over a three-year cycle and will only convert to stock if those goals are met. The restricted shares vest over three years (one-third per year).