Adam C. Heflin - 06 Jun 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
EVP & CNO
Signature
/s/ Diane Wood, Attorney-in-Fact
Issuer symbol
PNW
Transactions as of
06 Jun 2022
Net transactions value
$0
Form type
4
Filing time
13 Jun 2022, 13:50:24 UTC
Next filing
21 Feb 2023
SEC
View on sec.gov

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 +17,420 17,420 06 Jun 2022 Common Stock 17,420 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: 4,355 will vest on each of February 20, 2023, February 20, 2024, February 20, 2025, and February 20, 2026.