Andrew D. Cooper - Feb 17, 2023 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
SVP & CFO
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 17, 2023
Transactions value $
-$75,551
Form type
4
Date filed
2/21/2023, 07:10 PM
Previous filing
May 18, 2022
Next filing
Feb 23, 2023
SEC
View on sec.gov

Transactions Table

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 -240 -50% 240 Feb 17, 2023 Common Stock 240 Direct F1, F6
transaction PNW Restricted Stock Units Options Exercise -329 -33.33% 658 Feb 17, 2023 Common Stock 329 Direct F1, F7
transaction PNW Restricted Stock Units Options Exercise -429 -25.01% 1.29K Feb 17, 2023 Common Stock 429 Direct F3, F8, F9, F10
transaction PNW Restricted Stock Units Options Exercise -879 -25.01% 2.64K Feb 17, 2023 Common Stock 879 Direct F3, F11, F12, F13
* 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 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 either in 100% shares of common stock or 100% in cash with respect to Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F4 Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F5 Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2020 and 2021 Restricted Stock Unit grants.
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.
F8 The number of derivative securities in Column 5 includes 20 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
F9 The Restricted Stock Units award was granted and was effective in February 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F10 Includes 59 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F11 The number of derivative securities in Column 5 includes 31 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
F12 The Restricted Stock Units award was granted and was effective in May 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F13 Includes 91 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.