Robert Edgar Smith - 18 Feb 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
EVP, GC, and CDO
Signature
/s/ Diane Wood, Attorney-in-fact
Issuer symbol
PNW
Transactions as of
18 Feb 2022
Net transactions value
-$112,684
Form type
4
Filing time
23 Feb 2022, 12:59:57 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 +718 +17% 5,023 18 Feb 2022 Direct F1, F2
transaction PNW Common Stock Tax liability $24,673 -358 -7.1% $68.92 4,665 18 Feb 2022 Direct F3
transaction PNW Common Stock Options Exercise +344 +7.4% 5,009 18 Feb 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer $23,708 -344 -6.9% $68.92 4,665 18 Feb 2022 Direct
transaction PNW Common Stock Options Exercise +344 +7.4% 5,009 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $10,338 -150 -3% $68.92 4,859 18 Feb 2022 Direct F3
transaction PNW Common Stock Options Exercise +477 +9.8% 5,336 18 Feb 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer $32,875 -477 -8.9% $68.92 4,859 18 Feb 2022 Direct
transaction PNW Common Stock Options Exercise +477 +9.8% 5,336 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $15,921 -231 -4.3% $68.92 5,105 18 Feb 2022 Direct F3
transaction PNW Common Stock Award +165 +3.2% 5,270 18 Feb 2022 Direct F4
transaction PNW Common Stock Tax liability $5,169 -75 -1.4% $68.92 5,195 18 Feb 2022 Direct F3

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 -718 -50% 718 18 Feb 2022 Common Stock 718 Direct F1, F5
transaction PNW Restricted Stock Units Options Exercise -688 -33% 1,376 18 Feb 2022 Common Stock 688 Direct F1, F6
transaction PNW Restricted Stock Units Options Exercise -954 -25% 2,862 18 Feb 2022 Common Stock 954 Direct F1, F7
* 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 This total includes 127 shares that were acquired over time under a dividend reinvestment program and that were not reported on prior Form 4's.
F3 Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.
F4 Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2019, 2020 and 2021 Restricted Stock Unit grants.
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 20, 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.