Donna M. Easterly - 18 Feb 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
SVP, HR, APS
Signature
/s/ Diane Wood, Attorney-in-Fact
Issuer symbol
PNW
Transactions as of
18 Feb 2022
Net transactions value
-$91,457
Form type
4
Filing time
23 Feb 2022, 12:53:27 UTC
Previous filing
08 Nov 2021
Next filing
24 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Options Exercise +389 +6% 6,868 18 Feb 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer $26,810 -389 -5.7% $68.92 6,479 18 Feb 2022 Direct
transaction PNW Common Stock Options Exercise +166 +2.6% 6,645 18 Feb 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer $11,441 -166 -2.5% $68.92 6,479 18 Feb 2022 Direct
transaction PNW Common Stock Options Exercise +165 +2.5% 6,644 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $4,824 -70 -1.1% $68.92 6,574 18 Feb 2022 Direct F2
transaction PNW Common Stock Options Exercise +344 +5.2% 6,918 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $9,993 -145 -2.1% $68.92 6,773 18 Feb 2022 Direct F2
transaction PNW Common Stock Options Exercise +527 +7.8% 7,300 18 Feb 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer $36,321 -527 -7.2% $68.92 6,773 18 Feb 2022 Direct
transaction PNW Common Stock Award +59 +0.87% 6,832 18 Feb 2022 Direct F3
transaction PNW Common Stock Tax liability $2,068 -30 -0.44% $68.92 6,802 18 Feb 2022 Direct F2
holding PNW Common Stock 1,689 18 Feb 2022 by 401(k)

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 PNW Restricted Stock Units Options Exercise -389 -100% 0 18 Feb 2022 Common Stock 389 Direct F1, F4
transaction PNW Restricted Stock Units Options Exercise -331 -50% 331 18 Feb 2022 Common Stock 331 Direct F1, F5
transaction PNW Restricted Stock Units Options Exercise -344 -33% 688 18 Feb 2022 Common Stock 344 Direct F1, F6
transaction PNW Restricted Stock Units Options Exercise -527 -25% 1,581 18 Feb 2022 Common Stock 527 Direct F1, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive the economic equivalent of one share of the Company's common stock. The Restricted Stock Units will be settled, at the reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash.
F2 Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.
F3 Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2018, 2019, 2020 and 2021 Restricted Stock Unit grants.
F4 The Restricted Stock Units award was granted and was effective in February 2018, and vests in four equal, annual installments beginning on February 20, 2019.
F5 The Restricted Stock Units award was granted and was effective in February 2019, and vests in four equal, annual installments beginning on February 20, 2020.
F6 The Restricted Stock Units award was granted and was effective in February 2020, and vests in four equal, annual installments beginning on February 19, 2021.
F7 The Restricted Stock Units award was granted and was effective in February 2021, and vests in four equal, annual installments beginning on February 20, 2022.
F8 The Restricted Stock Units award was granted and was effective in February 2021, and vests in four equal, annual installments beginning on February 20, 2022.