Paul J. Mountain - Feb 20, 2024 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 20, 2024
Transactions value $
-$68,478
Form type
4
Date filed
2/22/2024, 09:17 PM
Previous filing
Oct 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock +Grant/Award $0 +362 $0.00 362 Feb 20, 2024 Direct F1
transaction PNW Common Stock -Tax liability -$11,678 -169 -46.69% $69.10 193 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Grant/Award $0 +58 +30.05% $0.00 251 Feb 20, 2024 Direct F3
transaction PNW Common Stock -Tax liability -$1,935 -28 -11.16% $69.10 223 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise $0 +148 +66.37% $0.00 371 Feb 20, 2024 Direct F4
transaction PNW Common Stock -Tax liability -$4,837 -70 -18.87% $69.10 301 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise $0 +144 +47.84% $0.00 445 Feb 20, 2024 Direct F4
transaction PNW Common Stock -Disposed to Issuer -$9,950 -144 -32.36% $69.10 301 Feb 20, 2024 Direct
transaction PNW Common Stock +Options Exercise $0 +144 +47.84% $0.00 445 Feb 20, 2024 Direct F4
transaction PNW Common Stock -Tax liability -$4,699 -68 -15.28% $69.10 377 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise $0 +45 +11.94% $0.00 422 Feb 20, 2024 Direct F5
transaction PNW Common Stock -Disposed to Issuer -$138 -2 -0.47% $69.10 420 Feb 20, 2024 Direct F6
transaction PNW Common Stock -Tax liability -$1,451 -21 -5% $69.10 399 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise $0 +451 +113.03% $0.00 850 Feb 20, 2024 Direct F5
transaction PNW Common Stock -Disposed to Issuer -$2,902 -42 -4.94% $69.10 808 Feb 20, 2024 Direct F6
transaction PNW Common Stock -Tax liability -$13,198 -191 -23.64% $69.10 617 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Options Exercise $0 +486 +78.77% $0.00 1,103 Feb 20, 2024 Direct F5
transaction PNW Common Stock -Disposed to Issuer -$1,520 -22 -1.99% $69.10 1,081 Feb 20, 2024 Direct F6
transaction PNW Common Stock -Tax liability -$14,580 -211 -19.52% $69.10 870 Feb 20, 2024 Direct F2
transaction PNW Common Stock +Grant/Award $0 +55 +6.32% $0.00 925 Feb 20, 2024 Direct F7
transaction PNW Common Stock -Tax liability -$1,589 -23 -2.49% $69.10 902 Feb 20, 2024 Direct F2
transaction PNW Common Stock -Gift $0 -902 -100% $0.00 0 Feb 20, 2024 Direct F8
transaction PNW Common Stock +Gift $0 +902 +28.04% $0.00 4,119 Feb 20, 2024 by Trust F8, F9
holding PNW Common Stock 278 Feb 20, 2024 by 401(k)

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 $0 -148 -100% $0.00 0 Feb 20, 2024 Common Stock 148 Direct F4, F10
transaction PNW Restricted Stock Units -Options Exercise $0 -288 -50% $0.00 288 Feb 20, 2024 Common Stock 288 Direct F4, F11
transaction PNW Restricted Stock Units -Options Exercise $0 -45 -32.61% $0.00 93 Feb 20, 2024 Common Stock 45 Direct F5, F12, F13, F14
transaction PNW Restricted Stock Units -Options Exercise $0 -451 -33.51% $0.00 895 Feb 20, 2024 Common Stock 451 Direct F5, F15, F16, F17
transaction PNW Restricted Stock Units -Options Exercise $0 -486 -25.03% $0.00 1,456 Feb 20, 2024 Common Stock 486 Direct F5, F18, F19, F20
transaction PNW Restricted Stock Units +Grant/Award +2,172 2,172 Feb 20, 2024 Common Stock 2,172 Direct F5, F21

Explanation of Responses:

Id Content
F1 Shares acquired upon the vesting of a portion of the performance shares granted in 2021 that were tied to the total shareholder return performance metric.
F2 Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.
F3 Represents shares of common stock received by the individual in settlement of dividend rights that vested in connection with the performance shares that vested on February 20, 2024.
F4 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, 50% in common stock and 50% in cash, or 100% in cash.
F5 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.
F6 Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F7 Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2020 and 2021 Restricted Stock Unit grants.
F8 The reporting person gifted the shares received on February 20, 2024 to a revocable family trust.
F9 This total includes 123 shares that were acquired over time under a dividend reinvestment program and that were not reported on prior Form 4's.
F10 The Restricted Stock Unit award was granted and was effective in February 2020, and vests in four equal annual installments beginning on February 20, 2021.
F11 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.
F12 The number of derivative securities in Column 5 includes 2 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.
F13 The Restricted Stock Unit award was granted and was effective in May 20, 2022 and vests in four equal, annual installments beginning on February 20, 2023.
F14 Includes 7 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F15 The number of derivative securities in Column 5 includes 42 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.
F16 The Restricted Stock Unit award was granted and was effective in February 2022, and vests in four equal annual installments beginning on February 20, 2023.
F17 Includes 77 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F18 The number of derivative securities in Column 5 includes 22 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.
F19 The Restricted Stock Unit award was granted and was effective in February 2023, and vests in four equal annual installments beginning on February 20, 2024.
F20 Includes 64 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F21 The Restricted Stock Units award was granted and was effective in February 2024, and vests in four equal, annual installments beginning on February 20, 2025.