Robert Edgar Smith - 20 Feb 2025 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Signature
/s/ Diane Wood, Attorney-in-Fact
Issuer symbol
PNW
Transactions as of
20 Feb 2025
Net transactions value
-$218,393
Form type
4
Filing time
24 Feb 2025, 16:55:49 UTC
Previous filing
20 Feb 2025
Next filing
12 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Options Exercise +477 +6% 8,427 20 Feb 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer $43,297 -477 -5.7% $90.77 7,950 20 Feb 2025 Direct
transaction PNW Common Stock Options Exercise +477 +6% 8,427 20 Feb 2025 Direct F1
transaction PNW Common Stock Tax liability $20,242 -223 -2.6% $90.77 8,204 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +1,027 +13% 9,231 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $11,619 -128 -1.4% $90.77 9,103 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $33,766 -372 -4.1% $90.77 8,731 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +1,135 +13% 9,866 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $8,895 -98 -0.99% $90.77 9,768 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $38,940 -429 -4.4% $90.77 9,339 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +1,472 +16% 10,811 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $5,537 -61 -0.56% $90.77 10,750 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $53,010 -584 -5.4% $90.77 10,166 20 Feb 2025 Direct F2
transaction PNW Common Stock Award +80 +0.79% 10,246 20 Feb 2025 Direct F5
transaction PNW Common Stock Tax liability $3,086 -34 -0.33% $90.77 10,212 20 Feb 2025 Direct F2

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 -954 -100% 0 20 Feb 2025 Common Stock 954 Direct F1, F6
transaction PNW Restricted Stock Units Options Exercise -1,027 -50% 1,031 20 Feb 2025 Common Stock 1,027 Direct F3, F7, F8, F9
transaction PNW Restricted Stock Units Options Exercise -1,135 -33% 2,262 20 Feb 2025 Common Stock 1,135 Direct F3, F10, F11, F12
transaction PNW Restricted Stock Units Options Exercise -1,472 -25% 4,415 20 Feb 2025 Common Stock 1,472 Direct F3, F13, F14, F15
* 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 February 2021, and vests and be settled in four equal, annual installments beginning on February 20, 2022.
F7 The number of derivative securities in Column 5 includes 128 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.
F8 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.
F9 Includes 132 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F10 The number of derivative securities in Column 5 includes 98 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.
F11 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.
F12 Includes 188 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F13 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.
F14 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.
F15 Includes 182 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.