JEFFREY B. GULDNER - 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
-$912,602
Form type
4
Filing time
24 Feb 2025, 16:59:05 UTC
Previous filing
24 Oct 2024
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 +3,838 +4.9% 82,238 20 Feb 2025 Direct F1
transaction PNW Common Stock Tax liability $141,147 -1,555 -1.9% $90.77 80,683 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +5,401 +6.7% 86,084 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $61,905 -682 -0.79% $90.77 85,402 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $173,552 -1,912 -2.2% $90.77 83,490 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +5,396 +6.5% 88,886 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $41,210 -454 -0.51% $90.77 88,432 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $192,251 -2,118 -2.4% $90.77 86,314 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +6,760 +7.8% 93,074 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $25,416 -280 -0.3% $90.77 92,794 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $252,068 -2,777 -3% $90.77 90,017 20 Feb 2025 Direct F2
transaction PNW Common Stock Award +642 +0.71% 90,659 20 Feb 2025 Direct F5
transaction PNW Common Stock Tax liability $25,053 -276 -0.3% $90.77 90,383 20 Feb 2025 Direct F2
holding PNW Common Stock 132 20 Feb 2025 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 -3,838 -100% 0 20 Feb 2025 Common Stock 3,838 Direct F1, F6
transaction PNW Restricted Stock Units Options Exercise -5,401 -50% 5,399 20 Feb 2025 Common Stock 5,401 Direct F3, F7, F8, F9
transaction PNW Restricted Stock Units Options Exercise -5,396 -33% 10,789 20 Feb 2025 Common Stock 5,396 Direct F3, F10, F11, F12
transaction PNW Restricted Stock Units Options Exercise -6,760 -25% 20,279 20 Feb 2025 Common Stock 6,760 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, 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 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.
F7 The number of derivative securities in Column 5 includes 682 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 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.
F9 Includes 680 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F10 The number of derivative securities in Column 5 includes 454 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 February 2023, and vests in four equal, annual installments beginning on February 20, 2024
F12 Includes 905 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F13 The number of derivative securities in Column 5 includes 280 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 2024, and vests in four equal, annual installments beginning on February 20, 2025.
F15 Includes 839 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.