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

Role
SVP, Public Policy, APS
Signature
/s/ Diane Wood, Attorney-in-fact
Stock symbol
PNW
Transactions as of
Feb 18, 2022
Transactions value $
-$97,315
Form type
4
Date filed
2/23/2022, 12:58 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 +292 +8.37% 3.78K Feb 18, 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer -$20.1K -292 -7.72% $68.92 3.49K Feb 18, 2022 Direct
transaction PNW Common Stock Options Exercise +249 +7.14% 3.74K Feb 18, 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer -$17.2K -249 -6.66% $68.92 3.49K Feb 18, 2022 Direct
transaction PNW Common Stock Options Exercise +344 +9.86% 3.83K Feb 18, 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer -$23.7K -344 -8.97% $68.92 3.49K Feb 18, 2022 Direct
transaction PNW Common Stock Options Exercise +527 +15.1% 4.02K Feb 18, 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer -$36.3K -527 -13.12% $68.92 3.49K Feb 18, 2022 Direct
holding PNW Common Stock 4.29K 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 -292 -100% 0 Feb 18, 2022 Common Stock 292 Direct F1, F2
transaction PNW Restricted Stock Units Options Exercise -249 -50% 249 Feb 18, 2022 Common Stock 249 Direct F1, F3
transaction PNW Restricted Stock Units Options Exercise -344 -33.33% 688 Feb 18, 2022 Common Stock 344 Direct F1, F4
transaction PNW Restricted Stock Units Options Exercise -527 -25% 1.58K Feb 18, 2022 Common Stock 527 Direct F1, F5
* 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 in February 2018, and vests in four equal, annual installments beginning on February 20, 2019.
F3 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.
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.