Adam C. Heflin - Feb 20, 2024 Form 4/A Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
EVP & CNO, APS
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 20, 2024
Transactions value $
-$200,183
Form type
4/A
Date filed
3/20/2024, 06:28 PM
Date Of Original Report
Feb 22, 2024
Previous filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock +Options Exercise +1,251 +49.43% 3,782 Feb 20, 2024 Direct F1
transaction PNW Common Stock -Disposed to Issuer -$6,772 -98 -2.59% $69.10 3,684 Feb 20, 2024 Direct F2
transaction PNW Common Stock -Tax liability -$34,205 -495 -13.44% $69.10 3,189 Feb 20, 2024 Direct F3
transaction PNW Common Stock +Options Exercise +3,471 +108.84% 6,660 Feb 20, 2024 Direct F1
transaction PNW Common Stock -Disposed to Issuer -$18,588 -269 -4.04% $69.10 6,391 Feb 20, 2024 Direct F2
transaction PNW Common Stock -Tax liability -$97,362 -1,409 -22.05% $69.10 4,982 Feb 20, 2024 Direct F3
transaction PNW Common Stock +Options Exercise +1,378 +27.66% 6,360 Feb 20, 2024 Direct F1
transaction PNW Common Stock -Disposed to Issuer -$4,284 -62 -0.97% $69.10 6,298 Feb 20, 2024 Direct F2
transaction PNW Common Stock -Tax liability -$38,972 -564 -8.96% $69.10 5,734 Feb 20, 2024 Direct F3
holding PNW Common Stock 6 Feb 20, 2024 by Trust

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 -1,251 -33.36% 2,499 Feb 20, 2024 Common Stock 1,251 Direct F1, F4, F5, F6
transaction PNW Restricted Stock Units -Options Exercise -3,471 -33.33% 6,942 Feb 20, 2024 Common Stock 3,471 Direct F1, F5, F7, F8
transaction PNW Restricted Stock Units -Options Exercise -1,378 -25.01% 4,131 Feb 20, 2024 Common Stock 1,378 Direct F1, F9, F10, F11
transaction PNW Restricted Stock Units +Options Exercise +5,644 5,644 Feb 20, 2024 Common Stock 5,644 Direct F1, F12

Explanation of Responses:

Id Content
F1 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.
F2 Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F3 Shares retained by the Company for purpose of meeting tax withholding requirements. The receipient retained all other shares.
F4 The number of derivative securities in Column 5 includes 98 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.
F5 The Restricted Stock Units award was granted and was effective in June 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F6 Includes 193 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F7 The number of derivative securities in Column 5 includes 269 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.
F8 Includes 538 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F9 The number of derivative securities in Column 5 includes 62 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.
F10 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.
F11 Includes 183 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F12 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.