JAMES M. KENSOK - 03 Feb 2022 Form 4 Insider Report for AVISTA CORP (AVA)

Role: Vice President
Signature: /s/James M. Kensok
Issuer symbol: AVA
Transactions as of: 03 Feb 2022
Net transactions value: +$295,878
Form type: 4
Filing time: 07 Feb 2022, 12:16:00 UTC
Previous filing: 14 Jan 2022
Next filing: 07 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVA	Common Stock - Restricted Share Grant	Award	$151,281	+3,418	+29%	$44.26	15,009	03 Feb 2022	Direct	F1
transaction	AVA	Common Stock - Performance Shares	Options Exercise		+864	+5.8%		15,873	03 Feb 2022	Direct	F2
transaction	AVA	Common Stock - Performance Shares	Tax liability	$9,162	-207	-1.3%	$44.26	15,666	03 Feb 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AVA	Performance Shares Grant - 2022	Award	$153,759	+3,474		$44.26	3,474	03 Feb 2022	Common Stock	3,474		Direct	F4, F5
transaction	AVA	Conversion of 2019 Performance Shares	Options Exercise		-1,252	-100%		0	03 Feb 2022	Common Stock	1,252		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Shares vest 1/3 each year over a 3-year period and are payable in Avista Corp. Common Stock at the end of each year in the 3-year period.
F2	Each performance share represents a contingent right to receive a share of Avista Common Stock upon achieving a specified performance measure.
F3	Shares withheld to pay income tax on Performance Shares acquired 2/3/22.
F4	No conversion price. Shares awarded if performance measure is met.
F5	Each performance cycle is 3 years in length. Shares will be issued at the end of each 3-year cycle if performance measure is met.