Alexander Alexis G. 4

What Happened

• Alexis G. Alexander, Vice President of Avista Corp (AVA), had performance-based derivative awards convert on March 2, 2026, resulting in 899 underlying shares (257 + 642). No conversion price is reported for these performance awards (F1). To cover income tax withholding, 79 shares were surrendered at an imputed value of $39.92 each, yielding $3,154 (F2). The filing reports the conversion/exercise of derivative awards (transaction code M) and tax-withholding (code F).

Key Details

• Transaction date: 2026-03-02; Form 4 filed 2026-03-03 (timely).
• Share movements: 257 shares reported as acquired (conversion), 642 shares reported as converted/disposed (derivative conversion), and 79 shares withheld to satisfy tax withholding (disposed) at $39.92/share = $3,154.
• Shares owned after transaction: not specified on the provided filing.
• Footnotes: F1 — no conversion price; shares awarded only if performance measure met. F2 — 79 shares withheld to pay income tax on Performance Shares acquired 3/2/26.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (withholding).

Context

• This was not an open-market purchase or sale signaling a bullish/bearish trade; it reflects the vesting/conversion of performance-based awards and routine tax withholding. Withholding of shares to cover taxes is a common administrative step and does not necessarily indicate a change in the insider’s view of the company.