Jose Luis Esparza Jr - Feb 20, 2024 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, 2024
Transactions value $
-$21,559
Form type
4
Date filed
2/22/2024, 09:18 PM
Previous filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Options Exercise +452 +205.45% 672 Feb 20, 2024 Direct F1
transaction PNW Common Stock Disposed to Issuer -$3.25K -47 -6.99% $69.10 625 Feb 20, 2024 Direct F2
transaction PNW Common Stock Tax liability -$9.33K -135 -21.6% $69.10 490 Feb 20, 2024 Direct F3
transaction PNW Common Stock Options Exercise +355 +72.45% 845 Feb 20, 2024 Direct F1
transaction PNW Common Stock Disposed to Issuer -$1.17K -17 -2.01% $69.10 828 Feb 20, 2024 Direct F2
transaction PNW Common Stock Tax liability -$7.81K -113 -13.65% $69.10 715 Feb 20, 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 -452 -33.51% 897 Feb 20, 2024 Common Stock 452 Direct F1, F4, F5, F6
transaction PNW Restricted Stock Units Options Exercise -355 -25.09% 1.06K Feb 20, 2024 Common Stock 355 Direct F1, F7, F8, F9
transaction PNW Restricted Stock Units Award +1.74K 1.74K Feb 20, 2024 Common Stock 1.74K Direct F1, F10
* 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 either 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 47 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 87 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F7 The number of derivative securities in Column 5 includes 17 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 46 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F10 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.