Jacob Tetlow - Feb 20, 2024 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
EVP, Ops, APS
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 20, 2024
Transactions value $
-$158,792
Form type
4
Date filed
2/23/2024, 04:23 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 +994 +19.75% 6,026 Feb 20, 2024 Direct F1
transaction PNW Common Stock -Tax liability -$33,099 -479 -7.95% $69.10 5,547 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Grant/Award +498 +8.98% 6,045 Feb 20, 2024 Direct F1
transaction PNW Common Stock -Tax liability -$16,584 -240 -3.97% $69.10 5,805 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise +295 +5.08% 6,100 Feb 20, 2024 Direct F3
transaction PNW Common Stock -Tax liability -$8,776 -127 -2.08% $69.10 5,973 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise +88 +1.47% 6,061 Feb 20, 2024 Direct F3
transaction PNW Common Stock -Disposed to Issuer -$6,081 -88 -1.45% $69.10 5,973 Feb 20, 2024 Direct
transaction PNW Common Stock +Options Exercise +88 +1.47% 6,061 Feb 20, 2024 Direct F3
transaction PNW Common Stock -Tax liability -$2,626 -38 -0.63% $69.10 6,023 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise +527 +8.75% 6,550 Feb 20, 2024 Direct F3
transaction PNW Common Stock -Tax liability -$15,617 -226 -3.45% $69.10 6,324 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise +717 +11.34% 7,041 Feb 20, 2024 Direct F4
transaction PNW Common Stock -Disposed to Issuer -$4,353 -63 -0.89% $69.10 6,978 Feb 20, 2024 Direct F5
transaction PNW Common Stock -Tax liability -$19,348 -280 -4.01% $69.10 6,698 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise +1,298 +19.38% 7,996 Feb 20, 2024 Direct F4
transaction PNW Common Stock -Disposed to Issuer -$4,008 -58 -0.73% $69.10 7,938 Feb 20, 2024 Direct F5
transaction PNW Common Stock -Tax liability -$36,761 -532 -6.7% $69.10 7,406 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Grant/Award +160 +2.16% 7,566 Feb 20, 2024 Direct F6
transaction PNW Common Stock -Tax liability -$4,768 -69 -0.91% $69.10 7,497 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Grant/Award +231 +3.08% 7,728 Feb 20, 2024 Direct F5, F7
transaction PNW Common Stock -Tax liability -$6,772 -98 -1.27% $69.10 7,630 Feb 20, 2024 Direct F2
holding PNW Common Stock 2,481 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 -295 -100% 0 Feb 20, 2024 Common Stock 295 Direct F3, F8
transaction PNW Restricted Stock Units -Options Exercise -176 -50% 176 Feb 20, 2024 Common Stock 176 Direct F3, F9
transaction PNW Restricted Stock Units -Options Exercise -527 -50% 527 Feb 20, 2024 Common Stock 527 Direct F3, F10
transaction PNW Restricted Stock Units -Options Exercise -717 -33.33% 1,434 Feb 20, 2024 Common Stock 717 Direct F4, F11, F12, F13
transaction PNW Restricted Stock Units -Options Exercise -1,298 -25.01% 3,892 Feb 20, 2024 Common Stock 1,298 Direct F4, F14, F15, F16
transaction PNW Restricted Stock Units +Options Exercise +5,644 5,644 Feb 20, 2024 Common Stock 5,644 Direct F4, 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 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.
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 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.
F5 Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F6 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.
F7 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.
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 May 2021, and vests in four equal, annual installments beginning on February 20, 2022.
F10 The Restricted Stock Units award was granted and was effective in February 2021, and vests in four equal, annual installments beginning on February 20, 2022.
F11 The number of derivative securities in Column 5 includes 63 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.
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 126 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F14 The number of derivative securities in Column 5 includes 58 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.
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 172 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.