Adam C. Heflin - 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
-$344,018
Form type
4
Filing time
24 Feb 2025, 16:58:02 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 +1,306 +22% 7,254 20 Feb 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer $13,888 -153 -2.1% $90.77 7,101 20 Feb 2025 Direct F2
transaction PNW Common Stock Tax liability $44,931 -495 -7% $90.77 6,606 20 Feb 2025 Direct F3
transaction PNW Common Stock Options Exercise +3,622 +55% 10,228 20 Feb 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer $38,123 -420 -4.1% $90.77 9,808 20 Feb 2025 Direct F2
transaction PNW Common Stock Tax liability $124,446 -1,371 -14% $90.77 8,437 20 Feb 2025 Direct F3
transaction PNW Common Stock Options Exercise +1,437 +17% 9,874 20 Feb 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer $10,983 -121 -1.2% $90.77 9,753 20 Feb 2025 Direct F2
transaction PNW Common Stock Tax liability $51,194 -564 -5.8% $90.77 9,189 20 Feb 2025 Direct F3
transaction PNW Common Stock Options Exercise +1,472 +16% 10,661 20 Feb 2025 Direct F1
transaction PNW Common Stock Disposed to Issuer $5,537 -61 -0.57% $90.77 10,600 20 Feb 2025 Direct F2
transaction PNW Common Stock Tax liability $54,916 -605 -5.7% $90.77 9,995 20 Feb 2025 Direct F3
holding PNW Common Stock 6 20 Feb 2025 by Trust

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 -1,306 -50% 1,301 20 Feb 2025 Common Stock 1,306 Direct F1, F4, F5, F6
transaction PNW Restricted Stock Units Options Exercise -3,622 -50% 3,620 20 Feb 2025 Common Stock 3,622 Direct F1, F5, F7, F8
transaction PNW Restricted Stock Units Options Exercise -1,437 -33% 2,873 20 Feb 2025 Common Stock 1,437 Direct F1, F9, F10, F11
transaction PNW Restricted Stock Units Options Exercise -1,472 -25% 4,415 20 Feb 2025 Common Stock 1,472 Direct F1, F12, F13, F14
* 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 in 100% shares of common stock.
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 purpose of meeting tax withholding requirements. The recipient retained all other shares.
F4 The number of derivative securities in Column 5 includes 153 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 June 2022, and vests in four equal, annual installments beginning on February 20, 2023.
F6 Includes 148 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F7 The number of derivative securities in Column 5 includes 420 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.
F8 Includes 418 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F9 The number of derivative securities in Column 5 includes 121 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.
F10 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.
F11 Includes 241 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F12 The number of derivative securities in Column 5 includes 61 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 Units award was granted and was effective in February 2024, and vests in four equal, annual installments beginning on February 20, 2025.
F14 Includes 182 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.