Adam C. Heflin - 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 $
-$344,018
Form type
4
Date filed
2/24/2025, 04:58 PM
Previous filing
Feb 20, 2025
Next filing
Mar 20, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Options Exercise +1.31K +21.96% 7.25K Feb 20, 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer -$13.9K -153 -2.11% $90.77 7.1K Feb 20, 2025 Direct F2
transaction PNW Common Stock Tax liability -$44.9K -495 -6.97% $90.77 6.61K Feb 20, 2025 Direct F3
transaction PNW Common Stock Options Exercise +3.62K +54.83% 10.2K Feb 20, 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer -$38.1K -420 -4.11% $90.77 9.81K Feb 20, 2025 Direct F2
transaction PNW Common Stock Tax liability -$124K -1.37K -13.98% $90.77 8.44K Feb 20, 2025 Direct F3
transaction PNW Common Stock Options Exercise +1.44K +17.03% 9.87K Feb 20, 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer -$11K -121 -1.23% $90.77 9.75K Feb 20, 2025 Direct F2
transaction PNW Common Stock Tax liability -$51.2K -564 -5.78% $90.77 9.19K Feb 20, 2025 Direct F3
transaction PNW Common Stock Options Exercise +1.47K +16.02% 10.7K Feb 20, 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer -$5.54K -61 -0.57% $90.77 10.6K Feb 20, 2025 Direct F2
transaction PNW Common Stock Tax liability -$54.9K -605 -5.71% $90.77 10K Feb 20, 2025 Direct F3
holding PNW Common Stock 6 Feb 20, 2025 by Trust

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 -1.31K -50.1% 1.3K Feb 20, 2025 Common Stock 1.31K Direct F1, F4, F5, F6
transaction PNW Restricted Stock Units Options Exercise -3.62K -50.01% 3.62K Feb 20, 2025 Common Stock 3.62K Direct F1, F5, F7, F8
transaction PNW Restricted Stock Units Options Exercise -1.44K -33.34% 2.87K Feb 20, 2025 Common Stock 1.44K Direct F1, F9, F10, F11
transaction PNW Restricted Stock Units Options Exercise -1.47K -25% 4.42K Feb 20, 2025 Common Stock 1.47K Direct F1, F12, F13, F14
* 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 in 100% shares of common stock.
F2 Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights
F3 Shares retained by the Company for purpose of meeting tax withholding requirements. The recipient retained all other shares.
F4 The number of derivative securities in Column 5 includes 153 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.
F5 The Restricted Stock Units award was granted and was effective in June 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F6 Includes 148 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F7 The number of derivative securities in Column 5 includes 420 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 Includes 418 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F9 The number of derivative securities in Column 5 includes 121 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.
F10 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.
F11 Includes 241 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F12 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.
F13 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.
F14 Includes 182 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.