Paul J. Mountain - 20 Feb 2025 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Signature
/s/ Diane Wood, Attorney-in-Fact
Issuer symbol
PNW
Transactions as of
20 Feb 2025
Net transactions value
-$91,315
Form type
4
Filing time
24 Feb 2025, 16:56:56 UTC
Previous filing
20 Feb 2025
Next filing
20 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Options Exercise +144 144 20 Feb 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer $13,071 -144 -100% $90.77 0 20 Feb 2025 Direct
transaction PNW Common Stock Options Exercise +144 144 20 Feb 2025 Direct F1
transaction PNW Common Stock Tax liability $6,172 -68 -47% $90.77 76 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +464 +611% 540 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $4,992 -55 -10% $90.77 485 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $17,519 -193 -40% $90.77 292 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +52 +18% 344 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $817 -9 -2.6% $90.77 335 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $1,906 -21 -6.3% $90.77 314 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +506 +161% 820 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $3,812 -42 -5.1% $90.77 778 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $19,243 -212 -27% $90.77 566 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +568 +100% 1,134 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $2,269 -25 -2.2% $90.77 1,109 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $20,514 -226 -20% $90.77 883 20 Feb 2025 Direct F2
transaction PNW Common Stock Award +24 +2.7% 907 20 Feb 2025 Direct F5
transaction PNW Common Stock Tax liability $998 -11 -1.2% $90.77 896 20 Feb 2025 Direct F2
transaction PNW Common Stock Gift -896 -100% 0 20 Feb 2025 Direct F6
transaction PNW Common Sock Gift +896 +44% 2,939 20 Feb 2025 by Trust F6
holding PNW Common Stock 277 20 Feb 2025 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 -288 -100% 0 20 Feb 2025 Common Stock 288 Direct F1, F7
transaction PNW Restricted Stock Units Options Exercise -464 -50% 471 20 Feb 2025 Common Stock 464 Direct F3, F8, F9, F10
transaction PNW Restricted Stock Units Options Exercise -52 -54% 45 20 Feb 2025 Common Stock 52 Direct F3, F11, F12, F13
transaction PNW Restricted Stock Units Options Exercise -506 -33% 1,014 20 Feb 2025 Common Stock 506 Direct F3, F14, F15, F16
transaction PNW Restricted Stock Units Options Exercise -568 -25% 1,698 20 Feb 2025 Common Stock 568 Direct F3, F17, F18, F19
* 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, 50% in common stock and 50% in cash, or 100% in cash.
F2 Shares retained by the Company for 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 in 100% shares of common stock.
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 2021 Restricted Stock Unit grant.
F6 The reporting person gifted the shares received on February 20, 2025 to a revocable family trust.
F7 The Restricted Stock Units award was granted and was effective in February 2021, and vests and be settled in four equal, annual installments beginning on February 20, 2022.
F8 The number of derivative securities in Column 5 includes 55 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.
F9 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
F10 Includes 62 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F11 The number of derivative securities in Column 5 includes 9 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.
F12 The Restricted Stock Units award was granted and was effective in May 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F13 Includes 2 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F14 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.
F15 The Restricted Stock Units award was granted and was effective in February 2023, and vests in four equal, annual installments beginning on February 20, 2024.
F16 Includes 86 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F17 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.
F18 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.
F19 Includes 69 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.