Paul J. Mountain - Feb 17, 2023 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
Feb 17, 2023
Transactions value $
-$44,084
Form type
4
Date filed
2/21/2023, 07:18 PM
Previous filing
Oct 21, 2022
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Options Exercise +83 83 Feb 17, 2023 Direct F1
transaction PNW Common Stock Tax liability -$3K -40 -48.19% $75.10 43 Feb 17, 2023 Direct F2
transaction PNW Common Stock Options Exercise +148 +344.19% 191 Feb 17, 2023 Direct F1
transaction PNW Common Stock Tax liability -$5.33K -71 -37.17% $75.10 120 Feb 17, 2023 Direct F2
transaction PNW Common Stock Options Exercise +144 +120% 264 Feb 17, 2023 Direct F1
transaction PNW Common Stock Disposed to Issuer -$10.8K -144 -54.55% $75.10 120 Feb 17, 2023 Direct
transaction PNW Common Stock Options Exercise +144 +120% 264 Feb 17, 2023 Direct F1
transaction PNW Common Stock Tax liability -$5.18K -69 -26.14% $75.10 195 Feb 17, 2023 Direct F2
transaction PNW Common Stock Options Exercise +46 +23.59% 241 Feb 17, 2023 Direct F3
transaction PNW Common Stock Disposed to Issuer -$225 -3 -1.24% $75.10 238 Feb 17, 2023 Direct F4
transaction PNW Common Stock Tax liability -$1.58K -21 -8.82% $75.10 217 Feb 17, 2023 Direct F2
transaction PNW Common Stock Options Exercise +429 +197.7% 646 Feb 17, 2023 Direct F3
transaction PNW Common Stock Disposed to Issuer -$1.5K -20 -3.1% $75.10 626 Feb 17, 2023 Direct F4
transaction PNW Common Stock Tax liability -$14.6K -194 -30.99% $75.10 432 Feb 17, 2023 Direct F2
transaction PNW Common Stock Award +51 +11.81% 483 Feb 17, 2023 Direct F5
transaction PNW Common Stock Tax liability -$1.88K -25 -5.18% $75.10 458 Feb 17, 2023 Direct F2
transaction PNW Common Stock Gift $0 -458 -100% $0.00* 0 Feb 17, 2023 Direct F6
transaction PNW Common Stock Gift $0 +458 +20.6% $0.00 2.68K Feb 17, 2023 by Trust F6
holding PNW Common Stock 278 Feb 17, 2023 by 401K

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 -83 -100% 0 Feb 17, 2023 Common Stock 83 Direct F1, F7
transaction PNW Restricted Stock Units Options Exercise -148 -50% 148 Feb 17, 2023 Common Stock 148 Direct F1, F8
transaction PNW Restricted Stock Units Options Exercise -288 -33.33% 576 Feb 17, 2023 Common Stock 288 Direct F1, F9
transaction PNW Restricted Stock Units Options Exercise -46 -25.84% 132 Feb 17, 2023 Common Stock 46 Direct F3, F10, F11, F12
transaction PNW Restricted Stock Units Options Exercise -429 -25.01% 1.29K Feb 17, 2023 Common Stock 429 Direct F3, F13, F14, F15
* 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 or 50% in common stock and 50% in cash.
F2 Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.
F3 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.
F4 Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F5 Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2019, 2020, and 2021 Restricted Stock Unit grants.
F6 The reporting person gifted the shares received on February 17, 2023 to a revocable family trust.
F7 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.
F8 The Restricted Stock Units award was granted and was effective in February 2020, and vests in four equal, annual installments beginning on February 20, 2021.
F9 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.
F10 The number of derivative securities in Column 5 includes 3 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.
F11 The Restricted Stock Units award was granted and was effective in May of 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F12 Includes 3 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F13 The number of derivative securities in Column 5 includes 20 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.
F14 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.
F15 Includes 59 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.