Jose Luis Esparza Jr - Dec 14, 2022 Form 3 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
Dec 14, 2022
Transactions value $
$0
Form type
3
Date filed
12/21/2022, 09:50 AM
Previous filing
Dec 17, 2021
Next filing
Feb 21, 2023

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
holding PNW Restricted Stock Units Dec 14, 2022 Common Stock 1.62K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units vest and will be settled as follows: 25% will vest on each of February 20, 2023, February 20, 2024, February 20, 2025, and February 20, 2026.
F2 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.