Cox Bryan Alden 4

What Happened
Bryan Alden Cox, Senior Vice President of Avista Corp (AVA), converted performance-based derivative awards into common stock on 2026-03-02. The filing reports: 1,376 shares acquired via conversion, 3,440 derivative shares reported as disposed, and 336 shares withheld to cover income taxes at $39.92 per share (withheld shares valued at $13,413). The conversions are award settlements rather than open-market purchases; the withholding is a routine tax-related disposition.

Key Details

• Transaction date: 2026-03-02; Form 4 filed 2026-03-03.
• Reported items:
  • Exercise/conversion (M): 1,376 shares acquired (no per-share price reported).
  • Payment/tax withholding (F): 336 shares withheld @ $39.92 = $13,413 (disposed).
  • Exercise/conversion (M): 3,440 shares reported as disposed (listed as derivative).
• Shares owned after the transactions: not provided in the supplied data.
• Footnotes: F1 — no conversion price; shares awarded only if performance measure is met. F2 — 336 shares were withheld to pay income tax on the Performance Shares acquired 3/2/26.
• Timeliness: filing covers transactions on 3/2/26 and was filed 3/3/26; the report does not indicate a late filing code.

Context
These transactions reflect settlement of performance-based awards (not an open-market buy). Withholding shares to cover taxes is common when awards vest. The line showing 3,440 derivative shares as "disposed" indicates those shares were converted and then transferred or sold, but the Form 4 here does not give additional detail on the disposition method.