Jeffrey B. Guldner - Feb 20, 2024 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
Chairman, President and CEO, Director
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 20, 2024
Transactions value $
-$992,483
Form type
4
Date filed
2/22/2024, 09:20 PM
Previous filing
Oct 19, 2023
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Award +10.9K +22.13% 60.1K Feb 20, 2024 Direct F1
transaction PNW Common Stock Tax liability -$324K -4.69K -7.8% $69.10 55.4K Feb 20, 2024 Direct F2
transaction PNW Common Stock Award +1.74K +3.13% 57.1K Feb 20, 2024 Direct F3
transaction PNW Common Stock Tax liability -$51.4K -744 -1.3% $69.10 56.4K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +2.4K +4.25% 58.8K Feb 20, 2024 Direct F4
transaction PNW Common Stock Disposed to Issuer -$165K -2.4K -4.07% $69.10 56.4K Feb 20, 2024 Direct
transaction PNW Common Stock Options Exercise +3.84K +6.81% 60.2K Feb 20, 2024 Direct F4
transaction PNW Common Stock Tax liability -$107K -1.56K -2.58% $69.10 58.7K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +5.18K +8.83% 63.9K Feb 20, 2024 Direct F5
transaction PNW Common Stock Disposed to Issuer -$31.8K -460 -0.72% $69.10 63.4K Feb 20, 2024 Direct F6
transaction PNW Common Stock Tax liability -$132K -1.91K -3.02% $69.10 61.5K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +5.17K +8.41% 66.7K Feb 20, 2024 Direct F5
transaction PNW Common Stock Disposed to Issuer -$15.8K -229 -0.34% $69.10 66.4K Feb 20, 2024 Direct F6
transaction PNW Common Stock Tax liability -$146K -2.12K -3.19% $69.10 64.3K Feb 20, 2024 Direct F2
transaction PNW Common Stock Award +612 +0.95% 64.9K Feb 20, 2024 Direct F7
transaction PNW Common Stock Tax liability -$18.2K -263 -0.41% $69.10 64.7K Feb 20, 2024 Direct F2
holding PNW Common Stock 132 Feb 20, 2024 by 401K

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 -2.4K -100% 0 Feb 20, 2024 Common Stock 2.4K Direct F4, F8
transaction PNW Restricted Stock Units Options Exercise -3.84K -50% 3.84K Feb 20, 2024 Common Stock 3.84K Direct F4, F9
transaction PNW Restricted Stock Units Options Exercise -5.18K -33.34% 10.4K Feb 20, 2024 Common Stock 5.18K Direct F5, F10, F11, F12
transaction PNW Restricted Stock Units Options Exercise -5.17K -25% 15.5K Feb 20, 2024 Common Stock 5.17K Direct F5, F13, F14, F15
transaction PNW Restricted Stock Units Award +25.9K 25.9K Feb 20, 2024 Common Stock 25.9K Direct F5, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares aquired upon the vesting of a portion of the performance shares granted in 2021 that were tied to the total shareholder return performance metric.
F2 Shares retained by the Company for purpose of meeting tax withholding requirements. The receipient retained all other shares.
F3 Represents shares of common stock received by the indididual in settlement of dividend rights that vested in connection with the performance shares that vested on February 20, 2024.
F4 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, atthe reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash.
F5 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.
F6 Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F7 Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2021 Restricted Stock Unit grant.
F8 The Restricted Stock Units award was granted and was effective in February 2020, and vests in four equal, annual installments beginning on February 20, 2021.
F9 The Restricted Stock Units award was granted and was effective in February 2021, and vests and be settled in four equal, annual installments beginning on February 20, 2022.
F10 The number of derivative securities in Column 5 includes 460 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividendequivalent 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 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F12 Includes 915 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F13 The number of derivative securities in Column 5 includes 229 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividendequivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
F14 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.
F15 Includes 689 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F16 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.