Paul J. Mountain - May 16, 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
VP, Finance and Treasurer
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
May 16, 2022
Transactions value $
$0
Form type
4
Date filed
5/18/2022, 07:00 PM
Next filing
Oct 21, 2022

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 Award +172 172 May 16, 2022 Common Stock 172 Direct F1, F2
* 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 in 100% shares of common stock.
F2 The Restricted Stock Units vest and will be settled as follows: 43 will vest on each of February 20, 2023, February 20, 2024, February 20, 2025, and February 20, 2026