Christie Kevin J 4

What Happened Kevin J. Christie, Senior Vice President, Chief Financial Officer & Treasurer of Avista Corp (AVA), reported the conversion/exercise of performance-based derivative awards on 2026-03-02. The Form 4 shows 2,724 shares acquired on conversion and a separate conversion/derivative line reporting 6,808 shares disposed. In addition, 664 shares were withheld to cover income tax withholding at $39.92 per share, totaling $26,507. The filings are reported as exercises/conversions of performance awards (transaction code M) and tax withholding (code F).

Key Details

• Transaction date(s): 2026-03-02; Form 4 filed 2026-03-03 (timely).
• Reported prices/values: tax withholding price $39.92; 664 shares withheld for $26,507. Other conversion lines show “N/A” for price (performance-share conversion).
• Shares acquired/disposed: 2,724 shares acquired; 6,808 shares reported as disposed (derivative); 664 shares withheld for taxes (disposed).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — no conversion price; shares awarded if performance measure is met. F2 — 664 shares were withheld to pay income tax on Performance Shares acquired 3/2/26.
• Timeliness: Filing appears timely (transaction 3/2/26; Form 4 filed 3/3/26).

Context These entries reflect the conversion/settlement of performance-based equity (not an open-market buy or sale). The M code indicates exercise/conversion of derivative awards (performance shares); the F code denotes shares withheld to satisfy tax withholding obligations. Withheld or sold shares to cover taxes are routine and do not necessarily signal a change in the insider’s view of the company.