Andrew D. Cooper - Feb 20, 2024 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
SVP & CFO
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 20, 2024
Transactions value $
-$145,110
Form type
4
Date filed
2/22/2024, 09:27 PM
Previous filing
Oct 19, 2023
Next filing
Oct 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Award +414 +23.06% 2.21K Feb 20, 2024 Direct F1
transaction PNW Common Stock Tax liability -$13.5K -196 -8.87% $69.10 2.01K Feb 20, 2024 Direct F2
transaction PNW Common Stock Award +66 +3.28% 2.08K Feb 20, 2024 Direct F3
transaction PNW Common Stock Tax liability -$2.21K -32 -1.54% $69.10 2.05K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +120 +5.86% 2.17K Feb 20, 2024 Direct F4
transaction PNW Common Stock Disposed to Issuer -$8.29K -120 -5.54% $69.10 2.05K Feb 20, 2024 Direct
transaction PNW Common Stock Options Exercise +120 +5.86% 2.17K Feb 20, 2024 Direct F4
transaction PNW Common Stock Tax liability -$3.52K -51 -2.35% $69.10 2.12K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +165 +7.8% 2.28K Feb 20, 2024 Direct F4
transaction PNW Common Stock Disposed to Issuer -$11.4K -165 -7.23% $69.10 2.12K Feb 20, 2024 Direct
transaction PNW Common Stock Options Exercise +164 +7.75% 2.28K Feb 20, 2024 Direct F4
transaction PNW Common Stock Tax liability -$4.77K -69 -3.03% $69.10 2.21K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +451 +24.92% 2.26K Feb 20, 2024 Direct F5
transaction PNW Common Stock Disposed to Issuer -$2.9K -42 -1.58% $69.10 2.62K Feb 20, 2024 Direct F6
transaction PNW Common Stock Tax liability -$11.7K -169 -6.45% $69.10 2.45K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +919 +37.49% 3.37K Feb 20, 2024 Direct F5
transaction PNW Common Stock Disposed to Issuer -$4.91K -71 -2.11% $69.10 3.3K Feb 20, 2024 Direct F6
transaction PNW Common Stock Tax liability -$27.2K -393 -11.91% $69.10 2.91K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +1.73K +59.57% 4.64K Feb 20, 2024 Direct F5
transaction PNW Common Stock Disposed to Issuer -$5.39K -78 -1.68% $69.10 4.56K Feb 20, 2024 Direct F6
transaction PNW Common Stock Tax liability -$47.8K -692 -15.18% $69.10 3.87K Feb 20, 2024 Direct F2
transaction PNW Common Stock Award +50 +1.29% 3.92K Feb 20, 2024 Direct F7
transaction PNW Common Stock Tax liability -$1.52K -22 -0.56% $69.10 3.9K Feb 20, 2024 Direct F2

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 -240 -100% 0 Feb 20, 2024 Common Stock 240 Direct F4, F8
transaction PNW Restricted Stock Units Options Exercise -329 -50% 329 Feb 20, 2024 Common Stock 329 Direct F4, F9
transaction PNW Restricted Stock Units Options Exercise -451 -33.51% 895 Feb 20, 2024 Common Stock 451 Direct F5, F10, F11, F12
transaction PNW Restricted Stock Units Options Exercise -919 -33.33% 1.84K Feb 20, 2024 Common Stock 919 Direct F5, F13, F14, F15
transaction PNW Restricted Stock Units Options Exercise -1.73K -25.02% 5.19K Feb 20, 2024 Common Stock 1.73K Direct F5, F16, F17, F18
transaction PNW Restricted Stock Units Award +8.98K 8.98K Feb 20, 2024 Common Stock 8.98K Direct F5, F19
* 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, at the 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 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.
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 2020 and 2021 Restricted Stock Unit grants.
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 42 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 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F12 Includes 77 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F13 The number of derivative securities in Column 5 includes 71 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Divident equivalent 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 Unit award was gratned and was effective in May 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F15 Includes 142 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F16 The number of derivative securities in Column 5 includes 78 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Divident equivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
F17 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.
F18 Includes 229 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F19 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.