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Utilities

Avista Executive Compensation (FY25)

AVA · Spokane, WA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Heather Rosentrater
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 21, 2026Latest filing (8-K): May 20, 2026
12 filings cited on this page
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249 figures on this page: 240 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Heather Rosentrater: $1,686,813 → $4,773,308 (183.0% higher)
Say-on-pay support: 96.9% → 96.5% (0.4 points lower)
CEO pay ratio: 27:1 → 23:1 (14.8% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Avista's chief executive and what were they paid?
Total compensation for Heather Rosentrater, President and Chief Executive Officer, came to $4,773,308 in fiscal 2025. Rosentrater's total was 183.0% higher than the $1,686,813 reported for fiscal 2024.
What was Avista's say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.5% of votes cast for or against in favor at the meeting held May 14, 2026 for fiscal 2025.
Which companies are in Avista's peer group?
The disclosed peer group names Black Hills Corporation, Essential Utilities, Inc., IDACORP, Inc., National Fuel Gas Company and New Jersey Resources Company, among others.
What is Avista's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 23:1, against median employee compensation of $211,928.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dennis Vermillion
Chief Executive Officer
◇—◇—◇—◇◇
Mark Thies
Former Executive Vice President, CFO & Treasurer
◇—◇—◇—◇◇
Heather Rosentrater
President, and Chief Operating Officer
◇—◇—◇—◇◇
Jason Thackston
Sr. Vice President and Chief Strategy & Clean Energy Officer
◇—◇—◇—◇◇
Kevin Christie
Sr. Vice President, CFO, Treasurer, and Regulatory Affairs Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dennis Vermillion
Chief Executive Officer
◇—◇—◇◇◇◇
Heather Rosentrater
President, and Chief Operating Officer
◇—◇—◇◇◇◇
Kevin Christie
Sr. Vice President, CFO, Treasurer, and Regulatory Affairs Officer
◇—◇—◇◇◇◇
Jason Thackston
Sr. Vice President and Chief Strategy & Clean Energy Officer
◇—◇—◇◇◇◇
Mark Thies
Former Executive Vice President, CFO & Treasurer
Departed during or after this year
◇—◇—◇—◇◇
Wayne Manuel
Vice President, Chief Information Officer & Chief Security Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dennis Vermillion
Chief Executive Officer
◇—◇—◇◇◇◇
Heather Rosentrater
President, and Chief Operating Officer
◇—◇—◇◇◇◇
Kevin Christie
Sr. Vice President, CFO, Treasurer, and Regulatory Affairs Officer
◇—◇—◇◇◇◇
Jason Thackston
Sr. Vice President and Chief Strategy & Clean Energy Officer
◇—◇—◇◇◇◇
Gregory Hesler
Sr. Vice President, General Counsel, Corp Secretary & Chief Ethics / Compliance Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Heather Rosentrater
President and Chief Executive Officer
◇—◇—◇◇◇◇
Kevin Christie
Sr. Vice President, CFO, Treasurer, and Regulatory Affairs Officer
◇—◇—◇◇◇◇
Jason Thackston
Sr. Vice President, Growth, Energy Policy & External Relations Officer
◇—◇—◇◇◇◇
Bryan Cox
Sr. Vice President, Safety, and Chief People Officer
◇—◇—◇◇◇◇
Gregory Hesler
Sr. Vice President, General Counsel, Corporate Secretary & Chief Ethics / Compliance Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Bryan CoxRSU◇——◇——◇
Gregory HeslerRSU◇——◇——◇
Heather RosentraterRSU◇——◇——◇
Jason ThackstonRSU◇——◇——◇
Kevin ChristieRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Kevin ChristiePSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Gregory HeslerRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Heather RosentraterPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Jason ThackstonPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Bryan CoxPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott L. Morris
◇◇————◇
Donald C. Burke
◇◇———◇◇
Scott H. Maw
◇◇————◇
Janet D. Widmann
◇◇————◇
Sena M. Kwawu
◇◇————◇
Rebecca A. Klein
◇◇————◇
Julie A. Bentz
◇◇————◇
Jeffry L. Philipps
◇◇————◇
Kevin B. Jacobsen
◇◇————◇
Heidi B. Stanley
◇◇————◇
Heather L. Rosentrater served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Black Hills Corporation BKH
  • Essential Utilities, Inc. WTRG
  • IDACORP, Inc. IDA
  • National Fuel Gas Company NFG
  • New Jersey Resources Company NJR
  • NorthWestern Corporation NWE
  • OGE Energy Corp OGE
  • ONE Gas, Inc. OGS
  • Ormat Technologies, Inc. ORA
  • Portland General Electric Co. GE
  • Southwest Gas Holdings, Inc. SWX
  • Spire Inc. SR
  • Talen Energy TLN
  • TXNM Energy, Inc. TXNM
  • UGI Corporation UGI

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 1, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 11, 2021=◇◇◇
2019May 11, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 10, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Heather Rosentrater (President and Chief Executive Officer), FY2025 total compensation $4,773,308 (base salary $786,845) [exec_comp, SEC accession 0001193125-26-138034, filed 2026-04-01]

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What this page does not include

Everything above is a fact Avista disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Avista sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
249 figures on this page: 240 cited to the filing that reported them, 9 calculated from figures it prints.
240 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001193125-26-231187
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-138034
    CEO Pay Ratio · DIRECTOR COMPENSATION · Summary Compensation Table — 2025
  3. 0000950170-25-070506
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-064042
    Executive Compensation Tables
  5. 0000950170-24-054656
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-072683
    Executive Compensation Tables
  7. 0000950170-23-022575
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000950170-22-010284
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001564590-21-028047
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000104918-20-000087
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000104918-19-000094
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000104918-18-000065
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Avista executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AVA (accessed 2026).
Short form: data: Velarion

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12 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers Avista discloses

The companies named in AVA's own disclosed peer group.

Black Hills CorporationEssential Utilities, Inc.IDACORP, Inc.National Fuel Gas CompanyNew Jersey Resources CompanyNorthWestern CorporationOGE Energy CorpONE Gas, Inc.Ormat Technologies, Inc.Portland General Electric Co.Southwest Gas Holdings, Inc.Spire Inc.Talen EnergyTXNM Energy, Inc.UGI Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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