Jose Luis Esparza Jr - Feb 20, 2025 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
SVP Public Policy APS
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 20, 2025
Transactions value $
-$45,294
Form type
4
Date filed
2/24/2025, 05:01 PM
Previous filing
Feb 20, 2025
Next filing
Mar 20, 2025
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 +465 +62.75% 1.21K Feb 20, 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer -$5.45K -60 -4.98% $90.77 1.15K Feb 20, 2025 Direct F2
transaction PNW Common Stock Tax liability -$12.3K -135 -11.78% $90.77 1.01K Feb 20, 2025 Direct F3
transaction PNW Common Stock Options Exercise +369 +36.5% 1.38K Feb 20, 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer -$2.81K -31 -2.25% $90.77 1.35K Feb 20, 2025 Direct F2
transaction PNW Common Stock Tax liability -$10.3K -113 -8.38% $90.77 1.24K Feb 20, 2025 Direct F3
transaction PNW Common Stock Options Exercise +455 +36.81% 1.69K Feb 20, 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer -$1.82K -20 -1.18% $90.77 1.67K Feb 20, 2025 Direct F2
transaction PNW Common Stock Tax liability -$12.7K -140 -8.38% $90.77 1.53K Feb 20, 2025 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 -465 -49.63% 472 Feb 20, 2025 Common Stock 465 Direct F1, F4, F5, F6
transaction PNW Restricted Stock Units Options Exercise -369 -33.39% 736 Feb 20, 2025 Common Stock 369 Direct F1, F7, F8, F9
transaction PNW Restricted Stock Units Options Exercise -455 -25.06% 1.36K Feb 20, 2025 Common Stock 455 Direct F1, F10, F11, F12
* 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 60 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 January 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F6 Includes 67 Restricted Stock Units received in connection with the settlement of dividend equivalent rights
F7 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.
F8 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
F9 Includes 60 Restricted Stock Units received in connection with the settlement of dividend equivalent rights
F10 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.
F11 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.
F12 Includes 56 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.