Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-16

Avista Corp (AVA)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,773,308
Heather Rosentrater total, FY2025
14th
CEO pay percentile vs peers
23:1
CEO-to-median pay ratio
96.51%
Say-on-pay support, latest vote
Companies that benchmark against AVA
19 companies name AVA as a compensation peer

Each company listed discloses AVA in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AVA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Heather Rosentrater$786,845$0$2,653,743$0$897,732$419,238$15,750$4,773,308
President and Chief Executive Officer
Kevin Christie468,2690921,4900320,556248,25015,7501,974,314
Sr. Vice President, CFO, Treasurer, and Regulatory Affairs Officer
Jason Thackston414,6920674,7300283,879425,79418,3601,817,455
Sr. Vice President, Growth, Energy Policy & External Relations Officer
Bryan Cox379,8840602,2240260,052284,62918,6311,545,421
Sr. Vice President, Safety, and Chief People Officer
Gregory Hesler443,5760674,7300303,652040,5471,462,504
Sr. Vice President, General Counsel, Corporate Secretary & Chief Ethics / Compliance Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Heather Rosentrater$4,773,308$1,686,813$1,329,466+3,086,495
Kevin Christie1,974,3141,367,8381,243,756+606,476
Jason Thackston1,817,4551,273,1801,220,482+544,275
Bryan Cox1,545,421
Gregory Hesler1,462,5041,032,302+430,202

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
David J. Meyer2026-04-15D46.19$41$1,913CommonForm 4 ↗
Wayne O. ManuelSenior Vice President2026-05-07D1,5934165,277CommonForm 4 ↗
Rebecca A. KleinDirector2026-05-08A3,53841144,987CommonForm 4 ↗
Heidi B. StanleyDirector2026-05-08A3,53841144,987CommonForm 4 ↗
Scott H. MawDirector2026-05-08A3,53841144,987CommonForm 4 ↗
Donald C. BurkeDirector2026-05-08A3,53841144,987CommonForm 4 ↗
Jeffry L. PhilippsDirector2026-05-08A3,53841144,987CommonForm 4 ↗
Kevin B. JacobsenDirector2026-05-08A3,53841144,987CommonForm 4 ↗
Sena M. KwawuDirector2026-05-08A3,53841144,987CommonForm 4 ↗
Julie A. BentzDirector2026-05-08A3,53841144,987CommonForm 4 ↗
Janet D. WidmannDirector2026-05-08A3,53841144,987CommonForm 4 ↗
Scott L. MorrisDirector2026-05-08A3,53841144,987CommonForm 4 ↗
Jason ThackstonSenior Vice President2026-05-14D3,21041132,124CommonForm 4 ↗
David J. Meyer2026-05-15D45.32401,831CommonForm 4 ↗
David J. Meyer2026-06-15D44.66411,830CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Kevin ChristieRSU2025-02-128,922$329,936
Heather RosentraterRSU2025-02-1222,916847,434
Gregory HeslerRSU2025-02-126,705247,951
Bryan CoxRSU2025-02-126,137226,946
Jason ThackstonRSU2025-02-126,705247,951
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Kevin Christie$329,936$0$00.0%
Heather Rosentrater847,434000.0%
Gregory Hesler247,951000.0%
Bryan Cox226,946000.0%
Jason Thackston247,951000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jason ThackstonRSU1,255$48,368
Heather RosentraterRSU15,277588,776
Heather RosentraterPSU16,086619,954
Kevin ChristiePSU11,796454,618
Gregory HeslerRSU1,13343,666
Gregory HeslerRSU4,470172,274
Heather RosentraterPSU46,7171,800,473
Kevin ChristieRSU1,68564,940
Kevin ChristiePSU15,416594,133
Jason ThackstonPSU11,144429,490
Jason ThackstonPSU8,795338,959
Gregory HeslerPSU7,936305,853
Kevin ChristieRSU5,948229,236
Jason ThackstonRSU4,470172,274
Heather RosentraterRSU2,29788,526
Bryan CoxPSU9,819378,424
Bryan CoxRSU4,091157,667
Bryan CoxRSU1,01038,925
Gregory HeslerPSU11,144429,490
Bryan CoxPSU7,079272,825
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to align executive pay with our financial and operational performance and the creation of long-term value for our shareholders. The Compensation Committee believes the overall compensation of our senior executives should be weighted toward variable performance-based compensation.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1462,854,9842,274,875318,32196.51%Passed
20252025-05-0864,327,5162,037,912308,52496.93%Passed
20242024-05-0163,443,2441,892,107342,03797.1%Passed
20232023-05-1160,982,0131,594,335352,19197.45%Passed
20222022-05-1258,648,5941,546,971298,81197.43%Passed
20212021-05-1155,512,1981,347,247313,50697.63%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1496.51%a
20252025-05-0896.93%b
20242024-05-0197.1%c

a. Approved under the standard stated in the filing — “Abstentions of any shares will have no impact on the outcome of this proposal since those shares will not be voted at all.”.

b. Approved under the standard stated in the filing — “Abstentions of any shares will have no impact on the outcome of this proposal since those shares will not be voted at all.”.

c. Approved under the standard stated in the filing — “Abstentions of any shares will have no impact on the outcome of this proposal since those shares will not be voted at all.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)23 : 1
CEO total compensation$4,773,308
Median employee compensation$211,928
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Scott L. MorrisIndependent · Board Chair · Executive (Chair) · Finance$199,890$138,293$0$0$0$338,183
Donald C. BurkeIndependent · Lead Independent Director · Audit (Chair) · Executive · Governance148,998138,293001287,292
Scott H. MawIndependent · Compensation (Chair) · Governance116,165138,293000254,458
Rebecca A. KleinIndependent · Compensation · Environmental, Technology, Operations (Chair)62,951188,224000251,175
Janet D. WidmannIndependent · Governance (Chair) · Finance112,882138,293000251,175
Sena M. KwawuIndependent · Environmental, Technology, Operations · Finance (Chair)112,882138,293000251,175
Julie A. BentzIndependent · Environmental, Technology, Operations · Finance98,107138,293000236,400
Heidi B. StanleyIndependent · Audit · Executive · Governance98,107138,293000236,400
Jeffry L. PhilippsIndependent · Audit · Compensation98,107138,293000236,400
Kevin B. JacobsenIndependent · Audit · Environmental, Technology, Operations98,107138,293000236,400
Heather L. RosentraterEmployee director · Executive00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$135,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 17,500 / 15,000
Stock ownership guideline$675,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,146,196
Equity awards (grant-date value)$1,432,861
All other compensation$1
Total cost of the board$2,579,058

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Avista Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Avista Corp.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Talen Energy2025Mark McFarland$1,131,346$14,505,986$0$2,054,413$18,739,647
2OGE Energy Corp2025Sean Trauschke1,239,3725,811,82401,753,48712,032,007
3Southwest Gas Holdings, Inc.2025Karen Haller1,090,6855,776,08501,861,20010,029,409
4Essential Utilities, Inc.2025Christopher Franklin1,103,9313,366,470652,8382,218,6079,212,815
5National Fuel Gas Company2025David Bauer1,095,0004,170,59301,881,3479,119,455
6UGI Corporation2025Robert Flexon1,021,7225,426,95001,843,4748,991,090
7Portland General Electric Co.2025Maria Pope1,205,1114,549,04701,235,0197,583,877
8IDACORP, Inc.2025Lisa Grow1,050,0002,942,30801,785,0017,529,892
9New Jersey Resources Company2025Stephen Westhoven1,002,7373,514,63301,398,2866,433,253
10Black Hills Corporation2025Linden Evans995,5942,966,68801,294,8865,991,759
11ONE Gas, Inc.2025Robert McAnnally925,0003,154,36101,300,0005,575,027
12Spire Inc.2025Steven Lindsey497,3081,873,940005,066,799
13NorthWestern Corporation2025Brian Bird921,2632,700,0220743,4005,016,745
14Avista Corp2025Heather Rosentrater786,8452,653,7430897,7324,773,308
15TXNM Energy, Inc.2025Joseph Tarry839,4622,275,0110495,0583,903,948
16Ormat Technologies, Inc.2025Doron Blachar641,0622,000,0000816,0003,618,005

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Avista Corp114%PSU 65 · RSU 35NoMeridian Compensation Partners
Black Hills Corporation118.4%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Meridian
Essential Utilities, Inc.187.62%PSU 50 · RSU 35 · Options 15Yes — Total Shareholder Return (TSR) Peer Group RankingPay Governance (through July 2025); FW Cook (2026 forward)
IDACORP, Inc.170%PSU 67 · RSU 33Yes — TSRPay Governance
National Fuel Gas Company137.455%PSU 67 · RSU 33Yes — Three-year relative TSRKorn Ferry and Meridian Compensation Partners, LLC
New Jersey Resources Company126.17%PSU 51 · RSU 49NoFW Cook
NorthWestern Corporation80%PSU 70 · RSU 30Yes — TSR relative to peer groupWillis Towers Watson (WTW)
OGE Energy Corp118%PSU 65 · RSU 35NoMercer
ONE Gas, Inc.140.6%PSU 70 · RSU 30Yes — Relative TSRMeridian Compensation Partners
Ormat Technologies, Inc.97%PSU 60 · RSU 40Yes — Relative TSRF.W. Cook & Co.
Portland General Electric Co.not disclosedPSU 70 · RSU 30Yes — Relative Total Shareholder Return (TSR)FW Cook
Southwest Gas Holdings, Inc.141%PSU 60 · RSU 40NoAon Human Capital Solutions
Spire Inc.95%PSU 75 · RSU 25NoSemler Brossy Consulting Group LLC
Talen Energy135%PSU 70 · RSU 30NoLyons, Benenson & Company Inc.
TXNM Energy, Inc.50%PSU 70 · RSU 30Yes — Relative TSR GoalPay Governance
UGI Corporation139.9%PSU 60 · RSU 40Yes — Annualized TSRPay Governance LLC (through January 31, 2025) and Meridian Compensation Partners, LLC (beginning February 1, 2025)

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Avista Corp in fiscal 2025?
As disclosed, the highest-paid executive at Avista Corp in fiscal 2025 was Heather Rosentrater, who served as President and Chief Executive Officer with total compensation of $4,773,308.
How does Avista Corp's chief executive pay compare to its disclosed peer group?
The filing shows that Avista Corp's chief executive pay was at the 14th percentile of its disclosed peer group.
What is Avista Corp's CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 23:1.
How did shareholders vote on Avista Corp's executive compensation?
The filing reports that shareholder support for the latest executive compensation vote was 96.51%.
How much does Avista Corp spend in total on board compensation for fiscal 2025?
The company reported total board compensation for fiscal 2025 as $2,579,058.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Heather RosentraterDEF 14A2026-04-010001193125-26-138034Section “Summary Compensation Table — 2025”. As printed: 4,773,308. Filing ↗machine: span 842223–842232
2Section 01, Kevin ChristieDEF 14A2026-04-010001193125-26-138034Section “Summary Compensation Table — 2025”. As printed: 1,974,314. Filing ↗machine: span 849586–849595
3Section 01, Jason ThackstonDEF 14A2026-04-010001193125-26-138034Section “Summary Compensation Table — 2025”. As printed: 1,817,455. Filing ↗machine: span 856963–856972
4Section 01, Bryan CoxDEF 14A2026-04-010001193125-26-138034Section “Summary Compensation Table — 2025”. As printed: 1,545,421. Filing ↗machine: span 864309–864318
5Section 01, Gregory HeslerDEF 14A2026-04-010001193125-26-138034Section “Summary Compensation Table — 2025”. As printed: 1,462,504. Filing ↗machine: span 871172–871181
6Section 03, Kevin Christie RSUDEF 14A2026-04-010001193125-26-138034Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t213 · r3 · c14 · span 743567–743574
7Section 03, Heather Rosentrater RSUDEF 14A2026-04-010001193125-26-138034Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t213 · r2 · c14 · span 740975–740982
8Section 03, Gregory Hesler RSUDEF 14A2026-04-010001193125-26-138034Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t213 · r6 · c14 · span 751336–751343
9Section 03, Bryan Cox RSUDEF 14A2026-04-010001193125-26-138034Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t213 · r5 · c14 · span 748746–748753
10Section 03, Jason Thackston RSUDEF 14A2026-04-010001193125-26-138034Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t213 · r4 · c14 · span 746160–746167
11Section 07, pay ratioDEF 14A2026-04-010001193125-26-138034Section “CEO Pay Ratio”. As printed: 23 : 1. Filing ↗machine: span 903192–903194
12Section 08, Scott L. MorrisDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 338,183. Filing ↗machine: t128 · r10 · c11 · span 508720–508727
13Section 08, Donald C. BurkeDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 287,292. Filing ↗machine: t128 · r5 · c11 · span 496904–496911
14Section 08, Scott H. MawDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 254,458. Filing ↗machine: t128 · r9 · c11 · span 506356–506363
15Section 08, Rebecca A. KleinDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 251,175. Filing ↗machine: t128 · r7 · c11 · span 501633–501640
16Section 08, Janet D. WidmannDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 251,175. Filing ↗machine: t128 · r13 · c11 · span 515812–515819
17Section 08, Sena M. KwawuDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 251,175. Filing ↗machine: t128 · r8 · c11 · span 503995–504002
18Section 08, Julie A. BentzDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 236,400. Filing ↗machine: t128 · r4 · c11 · span 494540–494547
19Section 08, Heidi B. StanleyDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 236,400. Filing ↗machine: t128 · r12 · c11 · span 513450–513457
20Section 08, Jeffry L. PhilippsDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 236,400. Filing ↗machine: t128 · r11 · c11 · span 511086–511093
21Section 08, Kevin B. JacobsenDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 236,400. Filing ↗machine: t128 · r6 · c11 · span 499269–499276
22Section 08, Heather L. RosentraterDEF 14A2026-04-010001193125-26-138034Section “Director Compensation”. As printed: 0. Filing ↗
23Section 02, David J. Meyer 2026-04-15Form 42026-04-160000104918-26-000046Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Wayne O. Manuel 2026-05-07Form 42026-05-070000104918-26-000047Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Rebecca A. Klein 2026-05-08Form 42026-05-110000104918-26-000051Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Heidi B. Stanley 2026-05-08Form 42026-05-110000104918-26-000056Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Scott H. Maw 2026-05-08Form 42026-05-110000104918-26-000053Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Donald C. Burke 2026-05-08Form 42026-05-110000104918-26-000049Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Jeffry L. Philipps 2026-05-08Form 42026-05-110000104918-26-000055Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Kevin B. Jacobsen 2026-05-08Form 42026-05-110000104918-26-000050Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Sena M. Kwawu 2026-05-08Form 42026-05-110000104918-26-000052Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Julie A. Bentz 2026-05-08Form 42026-05-110000104918-26-000048Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Janet D. Widmann 2026-05-08Form 42026-05-110000104918-26-000057Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Scott L. Morris 2026-05-08Form 42026-05-110000104918-26-000054Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Jason Thackston 2026-05-14Form 42026-05-140000104918-26-000058Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, David J. Meyer 2026-05-15Form 42026-05-180000104918-26-000059Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, David J. Meyer 2026-06-15Form 42026-06-160000104918-26-000060Insider equity transaction reported since the proxy statement. Filing ↗
38Section 06, 2026 voteForm 8-K2026-05-200001193125-26-231187Item 5.07 · say-on-pay result. As reported: 96.51% (votes for as printed: 62,854,984). Filing ↗
39Section 06, 2025 voteForm 8-K2025-05-130000950170-25-070506Item 5.07 · say-on-pay result. As reported: 96.93% (votes for as printed: 64,327,516). Filing ↗
40Section 06, 2024 voteForm 8-K2024-05-070000950170-24-054656Item 5.07 · say-on-pay result. As reported: 97.1% (votes for as printed: 63,443,244). Filing ↗
41Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
42Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
43Section 09b board cost (computed)ComputedcomputedCash 1,146,196 + equity 1,432,861 + all other 1 = 2,579,058, summed across the director compensation table rows.machine: formula: Σ = 2,579,058
44Talen Energy, Section 10b CEO totalDEF 14A2026-03-190001622536-26-000023CEO total compensation as printed in Talen Energy's own proxy. As printed: 18,739,647. Filing ↗machine: span 425658–425668
45OGE Energy Corp, Section 10b CEO totalDEF 14A2026-04-010001193125-26-138065CEO total compensation as printed in OGE Energy Corp's own proxy. As printed: 12,032,007. Filing ↗machine: span 979637–979647
46Southwest Gas Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-230001692115-26-000080CEO total compensation as printed in Southwest Gas Holdings, Inc.'s own proxy. As printed: 10,029,409. Filing ↗machine: r2 · c24 · span 1094860–1094870
47Essential Utilities, Inc., Section 10b CEO totalDEF 14A2026-03-170001552781-26-000133CEO total compensation as printed in Essential Utilities, Inc.'s own proxy. As printed: 9,212,815. Filing ↗machine: t485 · r1 · c9 · span 1342436–1342445
48National Fuel Gas Company, Section 10b CEO totalDEF 14A2026-01-230001193125-26-020739CEO total compensation as printed in National Fuel Gas Company's own proxy. As printed: 9,119,455. Filing ↗machine: r2 · c39 · span 1246006–1246015
49UGI Corporation, Section 10b CEO totalDEF 14A2025-12-170001104659-25-122095CEO total compensation as printed in UGI Corporation's own proxy. As printed: 8,991,090. Filing ↗machine: r9 · c9 · span 830980–830989
50Portland General Electric Co., Section 10b CEO totalDEF 14A2026-03-130000784977-26-000034CEO total compensation as printed in Portland General Electric Co.'s own proxy. As printed: 7,583,877. Filing ↗machine: r4 · c27 · span 2638140–2638149
51IDACORP, Inc., Section 10b CEO totalDEF 14A2026-04-020001057877-26-000091CEO total compensation as printed in IDACORP, Inc.'s own proxy. As printed: 7,529,892. Filing ↗machine: t35 · r2 · c9 · span 715958–715967
52New Jersey Resources Company, Section 10b CEO totalDEF 14A2025-12-100000356309-25-000096CEO total compensation as printed in New Jersey Resources Company's own proxy. As printed: 6,433,253. Filing ↗machine: t217 · r2 · c14 · span 1329193–1329202
53Black Hills Corporation, Section 10b CEO totalDEF 14A2026-03-180001193125-26-113958CEO total compensation as printed in Black Hills Corporation's own proxy. As printed: 5,991,759. Filing ↗machine: t83 · r2 · c21 · span 1356271–1356280
54ONE Gas, Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-137922CEO total compensation as printed in ONE Gas, Inc.'s own proxy. As printed: 5,575,027. Filing ↗machine: span 1271269–1271278
55Spire Inc., Section 10b CEO totalDEF 14A2025-12-160001308179-25-000657CEO total compensation as printed in Spire Inc.'s own proxy. As printed: 5,066,799. Filing ↗machine: t142 · r16 · c27 · span 939926–939935
56NorthWestern Corporation, Section 10b CEO totalDEF 14A2026-03-120001993004-26-000018CEO total compensation as printed in NorthWestern Corporation's own proxy. As printed: 5,016,745. Filing ↗machine: t153 · r3 · c19 · span 752129–752138
57Avista Corp (subject), Section 10b CEO totalDEF 14A2026-04-010001193125-26-138034CEO total compensation as printed in Avista Corp's own proxy. As printed: 4,773,308. Filing ↗machine: span 842223–842232
58TXNM Energy, Inc., Section 10b CEO totalDEF 14A2026-04-280001108426-26-000020CEO total compensation as printed in TXNM Energy, Inc.'s own proxy. As printed: 3,903,948. Filing ↗machine: t44 · r7 · c16 · span 791496–791505
59Ormat Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-210001193125-26-166752CEO total compensation as printed in Ormat Technologies, Inc.'s own proxy. As printed: 3,618,005. Filing ↗machine: r5 · c14 · span 1948476–1948485
60Section 10a, Spire Inc. reciprocityDEF 14A0001308179-25-000657Spire Inc. names Avista Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
61Section 10a, Portland General Electric Co. reciprocityDEF 14A0000784977-26-000034Portland General Electric Co. names Avista Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, UGI Corporation reciprocityDEF 14A0001104659-25-122095UGI Corporation's most recent proxy was read; its disclosed peer group does not include Avista Corp. Filing ↗
63Section 10a, TXNM Energy, Inc. reciprocityDEF 14A0001108426-26-000020TXNM Energy, Inc. names Avista Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, National Fuel Gas Company reciprocityDEF 14A0001193125-26-020739National Fuel Gas Company's most recent proxy was read; its disclosed peer group does not include Avista Corp. Filing ↗
65Section 10a, Black Hills Corporation reciprocityDEF 14A0001193125-26-113958Black Hills Corporation names Avista Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
66Section 10a, New Jersey Resources Company reciprocityDEF 14A0000356309-25-000096New Jersey Resources Company names Avista Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, ONE Gas, Inc. reciprocityDEF 14A0001193125-26-137922ONE Gas, Inc. names Avista Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, NorthWestern Corporation reciprocityDEF 14A0001993004-26-000018NorthWestern Corporation names Avista Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, Talen Energy reciprocityDEF 14A0001622536-26-000023Talen Energy names Avista Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
70Section 10a, Southwest Gas Holdings, Inc. reciprocityDEF 14A0001692115-26-000080Southwest Gas Holdings, Inc. names Avista Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
71Section 10a, IDACORP, Inc. reciprocityDEF 14A0001057877-26-000091IDACORP, Inc. names Avista Corp in its own disclosed peer group (read from its most recent proxy). Filing ↗
72Section 10a, OGE Energy Corp reciprocityDEF 14A0001193125-26-138065OGE Energy Corp's most recent proxy was read; its disclosed peer group does not include Avista Corp. Filing ↗