Jacob Tetlow - May 19, 2021 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
May 19, 2021
Transactions value $
$0
Form type
4
Date filed
5/19/2021, 07:34 PM
Next filing
Nov 8, 2021

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 Award +704 704 May 19, 2021 Common Stock 704 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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, at the reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash.
F2 The Restricted Stock Units award was granted and was effective on May 19, 2021, and vests in four equal, annual installments beginning on February 18, 2022, and will be settled in four equal, annual installments beginning February 18, 2022.