Robert Edgar Smith - 18 Feb 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Reporting relationship: EVP, GC, and CDO
Issuer ticker: PNW
Reported as of: 18 Feb 2022
Net transaction value: -$112,684
SEC form: 4
Accepted by SEC: 23 Feb 2022, 12:59:57 UTC
Prior SEC filing: 08 Nov 2021
Next SEC filing: 24 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ Diane Wood, Attorney-in-fact

Key filing fact

Robert Edgar Smith filed Form 4 for PINNACLE WEST CAPITAL CORP (PNW) on 23 Feb 2022.

Key facts

This page summarizes Robert Edgar Smith's Form 4 filing for PINNACLE WEST CAPITAL CORP (PNW).
15 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 23 Feb 2022, 12:59.

Change

Previous filing in this sequence was filed on 08 Nov 2021.
Current net transaction value: -$112,684.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PNW transaction

Common Stock

Options Exercise

Transaction value
Shares: +718
Change %: +17%
Price
Shares after: 5,023
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1, F2

PNW transaction

Common Stock

Tax liability

Transaction value: $24,673
Shares: -358
Change %: -7.1%
Price: $68.92
Shares after: 4,665
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F3

PNW transaction

Common Stock

Options Exercise

Transaction value
Shares: +344
Change %: +7.4%
Price
Shares after: 5,009
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1

PNW transaction

Common Stock

Disposed to Issuer

Transaction value: $23,708
Shares: -344
Change %: -6.9%
Price: $68.92
Shares after: 4,665
Date: 18 Feb 2022
Ownership: Direct

PNW transaction

Common Stock

Options Exercise

Transaction value
Shares: +344
Change %: +7.4%
Price
Shares after: 5,009
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1

PNW transaction

Common Stock

Tax liability

Transaction value: $10,338
Shares: -150
Change %: -3%
Price: $68.92
Shares after: 4,859
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F3

PNW transaction

Common Stock

Options Exercise

Transaction value
Shares: +477
Change %: +9.8%
Price
Shares after: 5,336
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1

PNW transaction

Common Stock

Disposed to Issuer

Transaction value: $32,875
Shares: -477
Change %: -8.9%
Price: $68.92
Shares after: 4,859
Date: 18 Feb 2022
Ownership: Direct

PNW transaction

Common Stock

Options Exercise

Transaction value
Shares: +477
Change %: +9.8%
Price
Shares after: 5,336
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1

PNW transaction

Common Stock

Tax liability

Transaction value: $15,921
Shares: -231
Change %: -4.3%
Price: $68.92
Shares after: 5,105
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F3

PNW transaction

Common Stock

Award

Transaction value
Shares: +165
Change %: +3.2%
Price
Shares after: 5,270
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F4

PNW transaction

Common Stock

Tax liability

Transaction value: $5,169
Shares: -75
Change %: -1.4%
Price: $68.92
Shares after: 5,195
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PNW transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -718
Change %: -50%
Price
Shares after: 718
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 718
Exercise price
Footnotes: F1, F5

PNW transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -688
Change %: -33%
Price
Shares after: 1,376
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 688
Exercise price
Footnotes: F1, F6

PNW transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -954
Change %: -25%
Price
Shares after: 2,862
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 954
Exercise price
Footnotes: F1, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote F2

This total includes 127 shares that were acquired over time under a dividend reinvestment program and that were not reported on prior Form 4's.

Footnote F3

Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.

Footnote F4

Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2019, 2020 and 2021 Restricted Stock Unit grants.

Footnote 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.

Footnote F6

The Restricted Stock Units award was granted and was effective in February 2020, and vests in four equal, annual installments beginning on February 20, 2021.

Footnote 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.