Jose Luis Esparza Jr. - 17 Feb 2023 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
SVP, Public Policy, APS
Signature
/s/ Diane Wood, Attorney-in-Fact
Issuer symbol
PNW
Transactions as of
17 Feb 2023
Net transactions value
-$16,297
Form type
4
Filing time
21 Feb 2023, 19:01:22 UTC
Previous filing
21 Dec 2022
Next filing
23 Feb 2023
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 +430 430 17 Feb 2023 Direct F1
transaction PNW Common Stock Disposed to Issuer $1,878 -25 -5.8% $75.10 405 17 Feb 2023 Direct F2
transaction PNW Common Stock Tax liability $14,419 -192 -47% $75.10 213 17 Feb 2023 Direct F3

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 -430 -25% 1,289 17 Feb 2023 Common Stock 430 Direct F1, F4, F5, F6
* 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 either in 100% shares of common stock or 100% in cash with respect to Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F2 Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F3 Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.
F4 The number of derivative securities in Column 5 includes 25 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
F5 The Restricted Stock Units award was granted and was effective in February 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F6 Includes 74 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.