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

Signature
/s/ Diane Wood, Attorney-in-Fact
Issuer symbol
PNW
Transactions as of
20 Feb 2024
Net transactions value
-$158,792
Form type
4
Filing time
23 Feb 2024, 16:23:44 UTC
Previous filing
19 Oct 2023
Next filing
24 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Award +994 +20% 6,026 20 Feb 2024 Direct F1
transaction PNW Common Stock Tax liability $33,099 -479 -7.9% $69.10 5,547 20 Feb 2024 Direct F2
transaction PNW Common Stock Award +498 +9% 6,045 20 Feb 2024 Direct F1
transaction PNW Common Stock Tax liability $16,584 -240 -4% $69.10 5,805 20 Feb 2024 Direct F2
transaction PNW Common Stock Options Exercise +295 +5.1% 6,100 20 Feb 2024 Direct F3
transaction PNW Common Stock Tax liability $8,776 -127 -2.1% $69.10 5,973 20 Feb 2024 Direct F2
transaction PNW Common Stock Options Exercise +88 +1.5% 6,061 20 Feb 2024 Direct F3
transaction PNW Common Stock Disposed to Issuer $6,081 -88 -1.5% $69.10 5,973 20 Feb 2024 Direct
transaction PNW Common Stock Options Exercise +88 +1.5% 6,061 20 Feb 2024 Direct F3
transaction PNW Common Stock Tax liability $2,626 -38 -0.63% $69.10 6,023 20 Feb 2024 Direct F2
transaction PNW Common Stock Options Exercise +527 +8.7% 6,550 20 Feb 2024 Direct F3
transaction PNW Common Stock Tax liability $15,617 -226 -3.5% $69.10 6,324 20 Feb 2024 Direct F2
transaction PNW Common Stock Options Exercise +717 +11% 7,041 20 Feb 2024 Direct F4
transaction PNW Common Stock Disposed to Issuer $4,353 -63 -0.89% $69.10 6,978 20 Feb 2024 Direct F5
transaction PNW Common Stock Tax liability $19,348 -280 -4% $69.10 6,698 20 Feb 2024 Direct F2
transaction PNW Common Stock Options Exercise +1,298 +19% 7,996 20 Feb 2024 Direct F4
transaction PNW Common Stock Disposed to Issuer $4,008 -58 -0.73% $69.10 7,938 20 Feb 2024 Direct F5
transaction PNW Common Stock Tax liability $36,761 -532 -6.7% $69.10 7,406 20 Feb 2024 Direct F2
transaction PNW Common Stock Award +160 +2.2% 7,566 20 Feb 2024 Direct F6
transaction PNW Common Stock Tax liability $4,768 -69 -0.91% $69.10 7,497 20 Feb 2024 Direct F2
transaction PNW Common Stock Award +231 +3.1% 7,728 20 Feb 2024 Direct F5, F7
transaction PNW Common Stock Tax liability $6,772 -98 -1.3% $69.10 7,630 20 Feb 2024 Direct F2
holding PNW Common Stock 2,481 20 Feb 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 20 Feb 2024 Common Stock 295 Direct F3, F8
transaction PNW Restricted Stock Units Options Exercise -176 -50% 176 20 Feb 2024 Common Stock 176 Direct F3, F9
transaction PNW Restricted Stock Units Options Exercise -527 -50% 527 20 Feb 2024 Common Stock 527 Direct F3, F10
transaction PNW Restricted Stock Units Options Exercise -717 -33% 1,434 20 Feb 2024 Common Stock 717 Direct F4, F11, F12, F13
transaction PNW Restricted Stock Units Options Exercise -1,298 -25% 3,892 20 Feb 2024 Common Stock 1,298 Direct F4, F14, F15, F16
transaction PNW Restricted Stock Units Options Exercise +5,644 5,644 20 Feb 2024 Common Stock 5,644 Direct F4, F17
* 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 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.