Avista Management

Management criteria checks 2/4

Avista's CEO is Dennis Vermillion, appointed in Oct 2019, has a tenure of 4.58 years. total yearly compensation is $5.23M, comprised of 16.8% salary and 83.2% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth €4.38M. The average tenure of the management team and the board of directors is 1.7 years and 7.8 years respectively.

Key information

Dennis Vermillion

Chief executive officer

US$5.2m

Total compensation

CEO salary percentage	16.8%
CEO tenure	4.6yrs
CEO ownership	0.2%
Management average tenure	1.7yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dennis Vermillion's remuneration changed compared to Avista's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$188m
Dec 31 2023	US$5m	US$879k	US$171m
Sep 30 2023	n/a	n/a	US$165m
Jun 30 2023	n/a	n/a	US$144m
Mar 31 2023	n/a	n/a	US$138m
Dec 31 2022	US$5m	US$838k	US$155m
Sep 30 2022	n/a	n/a	US$128m
Jun 30 2022	n/a	n/a	US$148m
Mar 31 2022	n/a	n/a	US$151m
Dec 31 2021	US$5m	US$769k	US$147m
Sep 30 2021	n/a	n/a	US$155m
Jun 30 2021	n/a	n/a	US$146m
Mar 31 2021	n/a	n/a	US$149m
Dec 31 2020	US$5m	US$738k	US$129m
Sep 30 2020	n/a	n/a	US$122m
Jun 30 2020	n/a	n/a	US$122m
Mar 31 2020	n/a	n/a	US$130m
Dec 31 2019	US$2m	US$526k	US$197m
Sep 30 2019	n/a	n/a	US$192m
Jun 30 2019	n/a	n/a	US$197m
Mar 31 2019	n/a	n/a	US$197m
Dec 31 2018	US$1m	US$431k	US$136m
Sep 30 2018	n/a	n/a	US$118m
Jun 30 2018	n/a	n/a	US$112m
Mar 31 2018	n/a	n/a	US$109m
Dec 31 2017	US$2m	US$407k	US$116m

Compensation vs Market: Dennis's total compensation ($USD5.23M) is above average for companies of similar size in the German market ($USD2.58M).

Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.

CEO

Dennis Vermillion (61 yo)

4.6yrs

Tenure

US$5,229,962

Compensation

Mr. Dennis P. Vermillion has been the President and Director of Avista Corporation since January 1, 2018 and also served as its Chief Executive Officer since October 1, 2019 until October 1, 2023. He joine...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Dennis Vermillion	CEO & Director	4.6yrs	US$5.23m	0.16% $ 4.4m
Heather Rosentrater	President & COO	1.7yrs	US$1.33m	0.030% $ 795.4k
Kevin Christie	CFO, Treasurer & Senior VP of Regulatory Affairs	less than a year	US$1.24m	0.031% $ 830.7k
Wayne Manuel	VP, Chief Information Officer & Chief Security Officer	less than a year	US$908.98k	0.0032% $ 84.9k
Ryan Krasselt	VP, Controller & Principal Accounting Officer	8.6yrs	no data	0.034% $ 918.3k
Gregory Hesler	Senior VP	4.3yrs	no data	0.018% $ 494.1k
Bryan Cox	Senior VP of Safety & Chief People Officer	4.3yrs	no data	0.019% $ 502.9k
David Meyer	VP and Chief Counsel for Regulatory & Government Affairs	20.3yrs	US$519.93k	0.010% $ 268.6k
Latisha Hill	VP of Community Affairs & Chief Customer Officer	1.3yrs	no data	0.017% $ 460.9k
Joshua Diluciano	Vice President of Energy Delivery	1.7yrs	no data	0.0091% $ 244.5k
Scott Kinney	Vice President of Energy Resources	1.7yrs	no data	0.012% $ 320.0k
Alec J. Mesdag	President & CEO of Alaska Electric Power and Light Co.	1.3yrs	no data	no data

1.7yrs

Average Tenure

51yo

Average Age

Experienced Management: AV6's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Dennis Vermillion	CEO & Director	6.3yrs	US$5.23m	0.16% $ 4.4m
Heidi Stanley	Independent Director	18yrs	US$218.00k	0.038% $ 1.0m
Scott Morris	Non Executive Chairman	17.3yrs	US$321.67k	0.15% $ 4.1m
Donald Burke	Independent Vice Chairman of the Board	12.8yrs	US$261.67k	0.033% $ 877.0k
Rebecca Klein	Independent Director	14yrs	US$236.67k	0.025% $ 667.6k
Janet Widmann	Independent Director	9.8yrs	US$236.67k	0.025% $ 676.5k
Jeffry Philipps	Independent Director	4.5yrs	US$221.67k	0.013% $ 359.4k
Scott Maw	Independent Director	7.8yrs	US$231.50k	0.029% $ 786.0k
Sena Kwawu	Independent Director	3yrs	US$231.67k	0.010% $ 273.2k
Kevin Jacobsen	Independent Director	less than a year	US$148.33k	0.0054% $ 144.3k
Julie Bentz	Independent Director	2.5yrs	US$221.67k	0.0081% $ 218.3k

7.8yrs

Average Tenure

58yo

Average Age

Experienced Board: AV6's board of directors are considered experienced (7.8 years average tenure).

Avista Management

Management criteria checks 2/4

Key information

Recent management updates

Avista Corporation Announces Executive Changes, Effective October 1, 2023

Executive Vice President recently sold €1.8m worth of stock

Avista Corporation Announces Executive Changes

Insider recently sold €100k worth of stock

Avista Corporation Announces Retirement of Kristianne Blake as Member of the Board of Directors, Effective on May 11, 2023

Insider recently sold €52k worth of stock

Recent updates

Avista Corp. Provides Earnings Guidance for 2024

First quarter 2024 earnings released: EPS: US$0.92 (vs US$0.73 in 1Q 2023)

Avista Corp. Declares Quarterly Dividend, Payable on June 14, 2024

Avista Corporation to Report Q1, 2024 Results on May 01, 2024

Full year 2023 earnings released: EPS: US$2.24 (vs US$2.13 in FY 2022)

Avista Corp. Provides Earnings Guidance for 2024

Upcoming dividend of US$0.47 per share at 5.7% yield

Third quarter dividend of US$0.47 announced

Avista Corp. Increases Common Stock Dividend, Payable on March 15, 2024

Avista Corporation to Report Q4, 2023 Results on Feb 21, 2024

Avista Corporation Updates on Lawsuit

Upcoming dividend of US$0.46 per share at 5.4% yield

Avista Corp. Board Declares Common Stock Dividend, payable December 15, 2023

Avista Corporation Revises Consolidated Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$0.19 (vs US$0.079 loss in 3Q 2022)

Avista Corporation to Report Q3, 2023 Results on Nov 01, 2023

Avista Corporation Announces Executive Changes, Effective October 1, 2023

Upcoming dividend of US$0.46 per share at 5.0% yield

Avista Reaches All-Party, All-Issues Settlement in Oregon General Rate Case

Second quarter 2023 earnings released: EPS: US$0.23 (vs US$0.16 in 2Q 2022)

Avista Corporation Provides Consolidated Earnings Guidance for the Year of 2023

Avista Corporation to Report Q2, 2023 Results on Aug 02, 2023

Executive Vice President recently sold €1.8m worth of stock

Upcoming dividend of US$0.46 per share at 4.3% yield

Avista Corporation Declares Quarterly Dividend, Payable June 15, 2023

Avista Corporation Announces Executive Changes

First quarter 2023 earnings released: EPS: US$0.73 (vs US$1.00 in 1Q 2022)

Insider recently sold €100k worth of stock

Full year 2022 earnings released: EPS: US$2.13 (vs US$2.11 in FY 2021)

Upcoming dividend of US$0.46 per share at 4.3% yield

Avista Corp. Board Increases Common Stock Dividend, Payable on March 15, 2023

Avista Corporation to Report Q4, 2022 Results on Feb 22, 2023

Avista Corporation Announces Retirement of Kristianne Blake as Member of the Board of Directors, Effective on May 11, 2023

Upcoming dividend of US$0.44 per share

Avista Corp. Board Declares Common Stock Dividend, Payable on December 15, 2022

Third quarter 2022 earnings released: US$0.079 loss per share (vs US$0.20 profit in 3Q 2021)

Avista Corporation Revises Earnings Guidance for the Year 2022 and 2023

Avista Corporation to Report Q3, 2022 Results on Nov 01, 2022

Insider recently sold €52k worth of stock

Upcoming dividend of US$0.44 per share

Avista Corporation Announces Board Changes

Avista Corporation Declares Quarterly Dividend, Payable on September 15, 2022

Second quarter 2022 earnings released: EPS: US$0.16 (vs US$0.20 in 2Q 2021)

Avista Provides Consolidated Earnings Guidance for the Full Year 2022 and 2023

Avista Corporation to Report Q2, 2022 Results on Aug 03, 2022

Non Executive Chairman recently sold €320k worth of stock

Avista Corp. Declares Quarterly Common Stock Dividend, Payable on June 15, 2022

First quarter 2022 earnings released: EPS: US$1.00 (vs US$0.98 in 1Q 2021)

Avista Corporation Provides Earnings Guidance for the Year 2022 and 2023

Avista Corporation to Report Q1, 2022 Results on May 04, 2022

Avista Corporation, Annual General Meeting, May 12, 2022

Insider recently sold €58k worth of stock

Now 21% undervalued

Non Executive Chairman recently sold €357k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Avista Corporation Provides Earnings Guidance for the Year 2022 and 2023

Upcoming dividend of US$0.44 per share

Avista Corp. Declares Quarterly Common Stock Dividend, Payable on March 15, 2022

Insider recently sold €92k worth of stock

Upcoming dividend of US$0.42 per share

Third quarter 2021 earnings released: EPS US$0.20 (vs US$0.072 in 3Q 2020)

Upcoming dividend of US$0.42 per share

An unknown buyer acquired Certain subsidiary assets associated with the Spokane Steam Plant from Avista Corporation (NYSE:AVA).

Second quarter 2021 earnings released: EPS US$1.58 (vs US$0.26 in 2Q 2020)

Independent Director R. Taylor has left the company

Independent Lead Director recently sold €363k worth of stock

Avista Corp. Reaches All-Party Settlement in Idaho General Rate Case

Non Executive Chairman recently sold €369k worth of stock

Upcoming dividend of US$0.42 per share