Andrew D. Cooper - Feb 18, 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
VP & Treasurer
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 18, 2022
Transactions value $
-$29,567
Form type
4
Date filed
2/23/2022, 12:51 PM
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 +120 +179.1% 187 Feb 18, 2022 Direct F1
transaction PNW Common Stock -Disposed to Issuer -$8,270 -120 -64.17% $68.92 67 Feb 18, 2022 Direct
transaction PNW Common Stock +Options Exercise +120 +179.1% 187 Feb 18, 2022 Direct F1
transaction PNW Common Stock -Tax liability -$3,928 -57 -30.48% $68.92 130 Feb 18, 2022 Direct F2
transaction PNW Common Stock +Options Exercise +165 +126.92% 295 Feb 18, 2022 Direct F1
transaction PNW Common Stock -Disposed to Issuer -$11,372 -165 -55.93% $68.92 130 Feb 18, 2022 Direct
transaction PNW Common Stock +Options Exercise +164 +126.15% 294 Feb 18, 2022 Direct F1
transaction PNW Common Stock -Tax liability -$5,376 -78 -26.53% $68.92 216 Feb 18, 2022 Direct F2
transaction PNW Common Stock +Grant/Award +18 +8.33% 234 Feb 18, 2022 Direct F3
transaction PNW Common Stock -Tax liability -$620 -9 -3.85% $68.92 225 Feb 18, 2022 Direct F2

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 -240 -33.33% 480 Feb 18, 2022 Common Stock 240 Direct F1, F4
transaction PNW Restricted Stock Units -Options Exercise -329 -25% 987 Feb 18, 2022 Common Stock 329 Direct F1, F5

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 2020 and 2021 Restricted Stock Unit grants.
F4 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.
F5 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.