Elizabeth A. Blankenship - Feb 18, 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
VP, Controller and CAO
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 18, 2022
Transactions value $
-$20,400
Form type
4
Date filed
2/23/2022, 12:49 PM
Previous filing
Nov 8, 2021
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock +Options Exercise +65 +3.66% 1,843 Feb 18, 2022 Direct F1
transaction PNW Common Stock -Disposed to Issuer -$4,480 -65 -3.53% $68.92 1,778 Feb 18, 2022 Direct
transaction PNW Common Stock +Options Exercise +56 +3.15% 1,834 Feb 18, 2022 Direct F1
transaction PNW Common Stock -Disposed to Issuer -$3,860 -56 -3.05% $68.92 1,778 Feb 18, 2022 Direct
transaction PNW Common Stock +Options Exercise +172 +9.67% 1,950 Feb 18, 2022 Direct F1
transaction PNW Common Stock -Tax liability -$3,860 -56 -2.87% $68.92 1,894 Feb 18, 2022 Direct F2
transaction PNW Common Stock +Options Exercise +329 +17.37% 2,223 Feb 18, 2022 Direct F1
transaction PNW Common Stock -Tax liability -$7,374 -107 -4.81% $68.92 2,116 Feb 18, 2022 Direct F1, F2
transaction PNW Common Stock +Grant/Award +33 +1.56% 2,149 Feb 18, 2022 Direct F3
transaction PNW Common Stock -Tax liability -$827 -12 -0.56% $68.92 2,137 Feb 18, 2022 Direct F2
holding PNW Common Sotck 54 Feb 18, 2022 By 401(k)

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 -65 -100% 0 Feb 18, 2022 Common Sock 65 Direct F1, F4
transaction PNW Restricted Stock Units -Options Exercise -56 -50% 56 Feb 18, 2022 Common Stock 56 Direct F1, F5
transaction PNW Restricted Stock Units -Options Exercise -172 -33.33% 344 Feb 18, 2022 Common Stock 172 Direct F1, F6
transaction PNW Restricted Stock Units -Options Exercise -329 -25% 987 Feb 18, 2022 Common Stock 329 Direct F1, F7

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 Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.
F3 Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2018, 2019, 2020 and 2021 Restricted Stock Unit grants.
F4 The Restricted Stock Units award was granted and was effective in February 2018, and vests in four equal, annual installments beginning on February 20, 2019.
F5 The Restricted Stock Units award was granted and was effective in February 2019, and vests in four equal, annual installments beginning on February 20, 2020.
F6 The Restricted Stock Units award was granted and was effective in February 2020, and vests in four equal, annual installments beginning on February 19, 2021.
F7 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.