Theodore N. Geisler - 18 Feb 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
SVP & CFO
Signature
/s/ Diane Wood, Attorney-in-Fact
Issuer symbol
PNW
Transactions as of
18 Feb 2022
Net transactions value
-$78,139
Form type
4
Filing time
23 Feb 2022, 12:54:37 UTC
Previous filing
08 Nov 2021
Next filing
24 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Options Exercise +227 +3783% 233 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $6,892 -100 -43% $68.92 133 18 Feb 2022 Direct F2
transaction PNW Common Stock Options Exercise +194 +146% 327 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $5,996 -87 -27% $68.92 240 18 Feb 2022 Direct F2
transaction PNW Common Stock Options Exercise +492 +205% 732 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $14,818 -215 -29% $68.92 517 18 Feb 2022 Direct F2
transaction PNW Common Stock Options Exercise +1,316 +255% 1,833 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $44,660 -648 -35% $68.92 1,185 18 Feb 2022 Direct F2
transaction PNW Common Stock Award +188 +16% 1,373 18 Feb 2022 Direct F3
transaction PNW Common Stock Tax liability $5,773 -85 -6.2% $67.92 1,288 18 Feb 2022 Direct F2
transaction PNW Common Stock Gift -1,282 -100% 6 18 Feb 2022 Direct F4
transaction PNW Common Stock Gift +1,282 +29% 5,652 18 Feb 2022 by trust F4

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 -227 -100% 0 18 Feb 2022 Common Stock 227 Direct F1, F5
transaction PNW Restricted Stock Units Options Exercise -194 -50% 194 18 Feb 2022 Common Stock 194 Direct F1, F6
transaction PNW Restricted Stock Units Options Exercise -492 -33% 984 18 Feb 2022 Common Stock 492 Direct F1, F7
transaction PNW Restricted Stock Units Options Exercise -1,316 -25% 3,948 18 Feb 2022 Common Stock 1,316 Direct F1, F8
* 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 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 reporting person gifted the shares received on February 18, 2022 to a revocable family trust.
F5 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.
F6 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.
F7 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.
F8 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.