Adam C. Heflin - 20 Feb 2024 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
EVP & CNO, APS
Signature
/s/ Diane Wood, Attorney-in-Fact
Issuer symbol
PNW
Transactions as of
20 Feb 2024
Net transactions value
-$200,183
Form type
4
Filing time
22 Feb 2024, 21:17:20 UTC
Previous filing
23 Feb 2023
Next filing
20 Feb 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 +1,251 +10425% 1,263 20 Feb 2024 Direct F1
transaction PNW Common Stock Disposed to Issuer $6,772 -98 -7.8% $69.10 1,165 20 Feb 2024 Direct F1, F2
transaction PNW Common Stock Tax liability $34,204 -495 -42% $69.10 670 20 Feb 2024 Direct F3
transaction PNW Common Stock Options Exercise +3,471 +518% 4,141 20 Feb 2024 Direct F1
transaction PNW Common Stock Disposed to Issuer $18,588 -269 -6.5% $69.10 3,872 20 Feb 2024 Direct F2
transaction PNW Common Stock Tax liability $97,362 -1,409 -36% $69.10 2,463 20 Feb 2024 Direct F3
transaction PNW Common Stock Options Exercise +1,378 +56% 3,841 20 Feb 2024 Direct F1
transaction PNW Common Stock Disposed to Issuer $4,284 -62 -1.6% $69.10 3,779 20 Feb 2024 Direct F2
transaction PNW Common Stock Tax liability $38,972 -564 -15% $69.10 3,215 20 Feb 2024 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 -1,251 -33% 2,499 20 Feb 2024 Common Stock 1,251 Direct F1, F4, F5, F6
transaction PNW Restricted Stock Units Options Exercise -3,471 -33% 6,942 20 Feb 2024 Common Stock 3,471 Direct F1, F5, F7, F8
transaction PNW Restricted Stock Units Options Exercise -1,378 -25% 4,131 20 Feb 2024 Common Stock 1,378 Direct F1, F5, F9, F10, F11
transaction PNW Restricted Stock Units Options Exercise +5,644 5,644 20 Feb 2024 Common Stock 5,644 Direct F1, 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 settledeither in 100% shares of common stock or 100% in cash with respect to Restricted Stock Units received in connection with the settlement of divident equivalent rights.
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 receipient retained all other shares.
F4 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 equivalentrights 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 193 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F7 The number of derivative securities in Column 5 includes 269 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalentrights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
F8 Includes 538 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F9 The number of derivative securities in Column 5 includes 62 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalentrights 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 183 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F12 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.