Theodore N. Geisler - Feb 20, 2024 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
President, APS
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 20, 2024
Transactions value $
-$268,730
Form type
4
Date filed
2/22/2024, 09:28 PM
Previous filing
Oct 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock +Grant/Award $0 +2,486 $0.00 2,486 Feb 20, 2024 Direct F1
transaction PNW Common Stock -Tax liability -$78,083 -1,130 -45.45% $69.10 1,356 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Grant/Award $0 +396 +29.2% $0.00 1,752 Feb 20, 2024 Direct F3
transaction PNW Common Stock -Tax liability -$11,747 -170 -9.7% $69.10 1,582 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise +492 +31.1% 2,074 Feb 20, 2024 Direct F4
transaction PNW Common Stock -Tax liability -$14,580 -211 -10.17% $69.10 1,863 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise $0 +1,316 +70.64% $0.00 3,179 Feb 20, 2024 Direct F4
transaction PNW Common Stock -Tax liability -$38,972 -564 -17.74% $69.10 2,615 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise $0 +2,071 +79.2% $0.00 4,686 Feb 20, 2024 Direct F5
transaction PNW Common Stock -Disposed to Issuer -$12,714 -184 -3.93% $69.10 4,502 Feb 20, 2024 Direct F6
transaction PNW Common Stock -Tax liability -$55,902 -809 -17.97% $69.10 3,693 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise $0 +1,509 +40.86% $0.00 5,202 Feb 20, 2024 Direct F5
transaction PNW Common Stock -Disposed to Issuer -$4,630 -67 -1.29% $69.10 5,135 Feb 20, 2024 Direct F6
transaction PNW Common Stock -Tax liability -$42,704 -618 -12.04% $69.10 4,517 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Grant/Award +316 +7% 4,833 Feb 20, 2024 Direct F7
transaction PNW Common Stock -Tax liability -$9,398 -136 -2.81% $69.10 4,697 Feb 20, 2024 Direct F2
transaction PNW Common Stock -Gift -4,697 -100% 0 Feb 20, 2024 Direct F8
transaction PNW Common Stock +Gift +4,697 +58.01% 12,794 Feb 20, 2024 by Trust F8

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 -492 -100% 0 Feb 20, 2024 Common Stock 492 Direct F4, F9
transaction PNW Restricted Stock Units -Options Exercise -1,316 -50% 1,316 Feb 20, 2024 Common Stock 1,316 Direct F4, F10
transaction PNW Restricted Stock Units -Options Exercise -2,071 -33.35% 4,139 Feb 20, 2024 Common Stock 2,071 Direct F5, F11, F12, F13
transaction PNW Restricted Stock Units -Options Exercise -1,509 -25% 4,527 Feb 20, 2024 Common Stock 1,509 Direct F5, F14, F15, F16
transaction PNW Restricted Stock Units +Grant/Award +7,164 7,164 Feb 20, 2024 Common Stock 7,164 Direct F5, F17

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 reporting person gifted the shares received on February 20, 2024 to a revokable family trust.
F9 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.
F10 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.
F11 The number of derivative securities in Column 5 includes 184 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.
F12 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.
F13 Includes 365 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F14 The number of derivative securities in Column 5 includes 67 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.
F15 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.
F16 Includes 201 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F17 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.