Jacob Tetlow - 18 Feb 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
EVP, Ops, APS
Signature
/s/ Diane Wood, Attorney-in-fact
Issuer symbol
PNW
Transactions as of
18 Feb 2022
Net transactions value
-$55,136
Form type
4
Filing time
23 Feb 2022, 13:02:04 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 +12% 2,162 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $7,650 -111 -5.1% $68.92 2,051 18 Feb 2022 Direct F2
transaction PNW Common Stock Options Exercise +194 +9.5% 2,245 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $6,547 -95 -4.2% $68.92 2,150 18 Feb 2022 Direct F2
transaction PNW Common Stock Options Exercise +295 +14% 2,445 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $9,993 -145 -5.9% $68.92 2,300 18 Feb 2022 Direct F2
transaction PNW Common Stock Options Exercise +527 +23% 2,827 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $17,781 -258 -9.1% $68.92 2,569 18 Feb 2022 Direct F2
transaction PNW Common Stock Options Exercise +88 +3.4% 2,657 18 Feb 2022 Direct F1
transaction PNW Common Stock Disposed to Issuer $6,065 -88 -3.3% $68.92 2,569 18 Feb 2022 Direct
transaction PNW Common Stock Options Exercise +88 +3.4% 2,657 18 Feb 2022 Direct F1
transaction PNW Common Stock Tax liability $2,964 -43 -1.6% $68.92 2,614 18 Feb 2022 Direct F2
transaction PNW Common Stock Award +132 +5% 2,746 18 Feb 2022 Direct F3
transaction PNW Common Stock Tax liability $4,135 -60 -2.2% $68.92 2,686 18 Feb 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 -227 -100% 0 18 Feb 2022 Common Stock 227 Direct F1, F4
transaction PNW Restricted Stock Units Options Exercise -194 -50% 194 18 Feb 2022 Common Stock 194 Direct F1, F5
transaction PNW Restricted Stock Units Options Exercise -295 -33% 590 18 Feb 2022 Common Stock 295 Direct F1, F6
transaction PNW Restricted Stock Units Options Exercise -527 -25% 1,581 18 Feb 2022 Common Stock 527 Direct F1, F7
transaction PNW Restricted Stock Units Options Exercise -176 -25% 528 18 Feb 2022 Common Stock 176 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 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.
F8 The Restricted Stock Units award was granted and was effective in May 2021, and vests in four equal, annual installments beginning on February 20, 2022.