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

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
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 +994 +19.75% 6.03K Feb 20, 2024 Direct F1
transaction PNW Common Stock Tax liability -$33.1K -479 -7.95% $69.10 5.55K Feb 20, 2024 Direct F2
transaction PNW Common Stock Award +498 +8.98% 6.05K Feb 20, 2024 Direct F1
transaction PNW Common Stock Tax liability -$16.6K -240 -3.97% $69.10 5.81K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +295 +5.08% 6.1K Feb 20, 2024 Direct F3
transaction PNW Common Stock Tax liability -$8.78K -127 -2.08% $69.10 5.97K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +88 +1.47% 6.06K Feb 20, 2024 Direct F3
transaction PNW Common Stock Disposed to Issuer -$6.08K -88 -1.45% $69.10 5.97K Feb 20, 2024 Direct
transaction PNW Common Stock Options Exercise +88 +1.47% 6.06K Feb 20, 2024 Direct F3
transaction PNW Common Stock Tax liability -$2.63K -38 -0.63% $69.10 6.02K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +527 +8.75% 6.55K Feb 20, 2024 Direct F3
transaction PNW Common Stock Tax liability -$15.6K -226 -3.45% $69.10 6.32K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +717 +11.34% 7.04K Feb 20, 2024 Direct F4
transaction PNW Common Stock Disposed to Issuer -$4.35K -63 -0.89% $69.10 6.98K Feb 20, 2024 Direct F5
transaction PNW Common Stock Tax liability -$19.3K -280 -4.01% $69.10 6.7K Feb 20, 2024 Direct F2
transaction PNW Common Stock Options Exercise +1.3K +19.38% 8K Feb 20, 2024 Direct F4
transaction PNW Common Stock Disposed to Issuer -$4.01K -58 -0.73% $69.10 7.94K Feb 20, 2024 Direct F5
transaction PNW Common Stock Tax liability -$36.8K -532 -6.7% $69.10 7.41K Feb 20, 2024 Direct F2
transaction PNW Common Stock Award +160 +2.16% 7.57K Feb 20, 2024 Direct F6
transaction PNW Common Stock Tax liability -$4.77K -69 -0.91% $69.10 7.5K Feb 20, 2024 Direct F2
transaction PNW Common Stock Award +231 +3.08% 7.73K Feb 20, 2024 Direct F5, F7
transaction PNW Common Stock Tax liability -$6.77K -98 -1.27% $69.10 7.63K Feb 20, 2024 Direct F2
holding PNW Common Stock 2.48K 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% 1.43K Feb 20, 2024 Common Stock 717 Direct F4, F11, F12, F13
transaction PNW Restricted Stock Units Options Exercise -1.3K -25.01% 3.89K Feb 20, 2024 Common Stock 1.3K Direct F4, F14, F15, F16
transaction PNW Restricted Stock Units Options Exercise +5.64K 5.64K Feb 20, 2024 Common Stock 5.64K 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.