Jacob Tetlow - May 19, 2021 Form 3 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: May 19, 2021
Transactions value $: $0
Form type: 3
Date filed: 5/19/2021, 06:08 PM
Next filing: Nov 8, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PNW	Common Stock						1.28K	May 19, 2021	Direct
holding	PNW	Common Stock						2.47K	May 19, 2021	by 401K
holding	PNW	Common Stock						56	May 19, 2021	by Roth IRA

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
holding	PNW	Restricted Stock Units							May 19, 2021	Common Stock	227		Direct	F1, F2
holding	PNW	Restricted Stock Units							May 19, 2021	Common Stock	388		Direct	F2, F3
holding	PNW	Restricted Stock Units							May 19, 2021	Common Stock	885		Direct	F2, F4
holding	PNW	Restricted Stock Units							May 19, 2021	Common Stock	2.11K		Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units vest and will be settled on February 18, 2022.
F2	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.
F3	The Restricted Stock Units vest and will be settled as follows: 194 will vest on each of February 18, 2022 and February 20, 2023.
F4	The Restricted Stock Units vest and will be settled as follows: 295 will vest on each of February 18, 2022, February 20, 2023, and February 20, 2024.
F5	The Restricted Stock Units vest and will be settled as follows: 527 will vest on each of February 18, 2022, February 20, 2023, February 20, 2024, and February 20, 2025.