Adam C. Heflin - Mar 18, 2025 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
EVP & CNO, APS
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Mar 18, 2025
Transactions value $
-$1,048,938
Form type
4
Date filed
3/20/2025, 02:42 PM
Previous filing
Feb 24, 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 Award $0 +22.7K +225.81% $0.00 32.7K Mar 18, 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer -$246K -2.64K -8.05% $93.38 30.1K Mar 18, 2025 Direct F2
transaction PNW Common Stock Tax liability -$803K -8.6K -28.55% $93.38 21.5K Mar 18, 2025 Direct F3
holding PNW Common Stock 6 Mar 18, 2025 in Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired upon the vesting of the performance shares granted in 2022 that were tied to the following: total shareholder return performance; earnings per share growth; clean megawatts installed metrics; and performance shares received in connection with dividend equivalent rights.
F2 Represents the cash settlement of performance shares received in connection with the settlement of dividend equivalent rights.
F3 Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.