AVA AVISTA CORP

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 2/4 quarters. Q3 2016: $0M, Q2 2016: $0M, Q1 2016: $3M, Q3 2015: $61M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $21M (-100%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-547M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 560,200 shares = 0.7% of 82,193,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

1 open-market purchase by Cox Bryan Alden

• Cox Bryan Alden (Senior Vice President) bought 3,671 shares at $35.55 on 2025-09-16

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 2 quarters but insufficient insider buying

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $0M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 4.7x more than bought. 5 C-suite officers among sellers

• Manuel Wayne O (Senior Vice President) sold 1,593 shares on 2026-05-07
• Alexander Alexis G. (Vice President) sold 555 shares on 2026-03-13
• Cox Bryan Alden (Senior Vice President) sold 1,768 shares on 2026-02-26
• Manuel Wayne O (Senior Vice President) sold 1,785 shares on 2025-12-16
• Alexander Alexis G. (Vice President) sold 127 shares on 2025-12-02
• MEYER DAVID J (Vice President) sold 1,367 shares on 2025-09-05
• Kinney Scott J (Vice President) sold 1,024 shares on 2025-06-12