Maria L. Lacal - Feb 18, 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
EVP and CNO, PVGS, APS
Signature
/s/ Diane Wood, Attorney-in-fact
Stock symbol
PNW
Transactions as of
Feb 18, 2022
Transactions value $
-$80,430
Form type
4
Date filed
2/23/2022, 12:57 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 +389 +1.65% 23.9K Feb 18, 2022 Direct F1
transaction PNW Common Stock Tax liability -$11.1K -161 -0.67% $68.92 23.7K Feb 18, 2022 Direct F2
transaction PNW Common Stock Options Exercise +331 +1.39% 24.1K Feb 18, 2022 Direct F1
transaction PNW Common Stock Tax liability -$9.44K -137 -0.57% $68.92 23.9K Feb 18, 2022 Direct F2
transaction PNW Common Stock Options Exercise +516 +2.16% 24.5K Feb 18, 2022 Direct F1
transaction PNW Common Stock Tax liability -$14.7K -213 -0.87% $68.92 24.2K Feb 18, 2022 Direct F2
transaction PNW Common Stock Options Exercise +395 +1.63% 24.6K Feb 18, 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer -$27.2K -395 -1.6% $68.92 24.2K Feb 18, 2022 Direct
transaction PNW Common Stock Options Exercise +395 +1.63% 24.6K Feb 18, 2022 Direct F1
transaction PNW Common Stock Tax liability -$11.2K -163 -0.66% $68.92 24.5K Feb 18, 2022 Direct F2
transaction PNW Common Stock Award +198 +0.81% 24.7K Feb 18, 2022 Direct F3
transaction PNW Common Stock Tax liability -$6.75K -98 -0.4% $68.92 24.6K 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 -389 -100% 0 Feb 18, 2022 Common Stock 389 Direct F1, F4
transaction PNW Restricted Stock Units Options Exercise -331 -50% 331 Feb 18, 2022 Common Stock 331 Direct F1, F5
transaction PNW Restricted Stock Units Options Exercise -516 -33.33% 1.03K Feb 18, 2022 Common Stock 516 Direct F1, F6
transaction PNW Restricted Stock Units Options Exercise -790 -25% 2.37K Feb 18, 2022 Common Stock 790 Direct F1, F7
* 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 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.