Jacob Tetlow - Feb 20, 2025 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 20, 2025
Transactions value $
-$190,889
Form type
4
Date filed
2/24/2025, 04:54 PM
Previous filing
Feb 20, 2025
Next filing
Mar 4, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Options Exercise +88 +157.14% 144 Feb 20, 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer -$7.99K -88 -61.11% $90.77 56 Feb 20, 2025 Direct
transaction PNW Common Stock Options Exercise +88 +157.14% 144 Feb 20, 2025 Direct F1
transaction PNW Common Stock Tax liability -$3.36K -37 -25.69% $90.77 107 Feb 20, 2025 Direct F2
transaction PNW Common Stock Options Exercise +527 +492.52% 634 Feb 20, 2025 Direct F1
transaction PNW Common Stock Tax liability -$22.9K -252 -39.75% $90.77 382 Feb 20, 2025 Direct F2
transaction PNW Common Stock Options Exercise +744 +194.76% 1.13K Feb 20, 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer -$8.17K -90 -7.99% $90.77 1.04K Feb 20, 2025 Direct F4
transaction PNW Common Stock Tax liability -$25.4K -280 -27.03% $90.77 756 Feb 20, 2025 Direct F2
transaction PNW Common Stock Options Exercise +1.35K +179.1% 2.11K Feb 20, 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer -$10.3K -114 -5.4% $90.77 2K Feb 20, 2025 Direct F4
transaction PNW Common Stock Tax liability -$48.3K -532 -26.65% $90.77 1.46K Feb 20, 2025 Direct F2
transaction PNW Common Stock Options Exercise +1.47K +100.55% 2.94K Feb 20, 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer -$5.54K -61 -2.08% $90.77 2.88K Feb 20, 2025 Direct F4
transaction PNW Common Stock Tax liability -$54.9K -605 -21.04% $90.77 2.27K Feb 20, 2025 Direct F2
transaction PNW Common Stock Award +102 +4.49% 2.37K Feb 20, 2025 Direct F5
transaction PNW Common Stock Tax liability -$3.99K -44 -1.85% $90.77 2.33K Feb 20, 2025 Direct F2
holding PNW Common Stock 2.47K Feb 20, 2025 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 -176 -100% 0 Feb 20, 2025 Common Stock 176 Direct F1, F6
transaction PNW Restricted Stock Units Options Exercise -527 -100% 0 Feb 20, 2025 Common Stock 527 Direct F1, F7
transaction PNW Restricted Stock Units Options Exercise -744 -49.77% 751 Feb 20, 2025 Common Stock 744 Direct F3, F8, F9, F10
transaction PNW Restricted Stock Units Options Exercise -1.35K -33.35% 2.71K Feb 20, 2025 Common Stock 1.35K Direct F3, F11, F12, F13
transaction PNW Restricted Stock Units Options Exercise -1.47K -25% 4.42K Feb 20, 2025 Common Stock 1.47K Direct F3, F14, F15, F16
* 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 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 in 100% shares of common stock.
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 2021 Restricted Stock Unit grant.
F6 The Restricted Stock Units award was granted and was effective in May 2021, and vests in four equal, annual installments beginning on February 20, 2022.
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 90 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 97 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F11 The number of derivative securities in Column 5 includes 114 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 February 2023, and vests in four equal, annual installments beginning on February 20, 2024.
F13 Includes 226 Restricted Stock Units received in connection with the settlement of dividend equivalent rights
F14 The number of derivative securities in Column 5 includes 61 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.
F15 The Restricted Stock Units award was granted and was effective in February 2024, and vests in four equal, annual installments beginning on February 20, 2025.
F16 Includes 182 Restricted Stock Units received in connection with the settlement of dividend equivalent rights