Theodore N. Geisler - 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
-$297,544
Form type
4
Filing time
24 Feb 2025, 17:00:25 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 +1,316 1,316 20 Feb 2025 Direct F1
transaction PNW Common Stock Tax liability $50,831 -560 -43% $90.77 756 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +2,157 +285% 2,913 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $24,508 -270 -9.3% $90.77 2,643 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $71,708 -790 -30% $90.77 1,853 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +1,576 +85% 3,429 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $12,163 -134 -3.9% $90.77 3,295 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $54,825 -604 -18% $90.77 2,691 20 Feb 2025 Direct F2
transaction PNW Common Stock Options Exercise +1,868 +69% 4,559 20 Feb 2025 Direct F3
transaction PNW Common Stock Disposed to Issuer $6,989 -77 -1.7% $90.77 4,482 20 Feb 2025 Direct F4
transaction PNW Common Stock Tax liability $68,078 -750 -17% $90.77 3,732 20 Feb 2025 Direct F2
transaction PNW Common Stock Award +220 +5.9% 3,952 20 Feb 2025 Direct F5
transaction PNW Common Stock Tax liability $8,442 -93 -2.4% $90.77 3,859 20 Feb 2025 Direct F2
transaction PNW Common Stock Gift -3,859 -100% 0 20 Feb 2025 Direct F6
transaction PNW Common Stock Gift +3,859 +24% 19,907 20 Feb 2025 by Trust F6

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 -1,316 -100% 0 20 Feb 2025 Common Stock 1,316 Direct F1, F7
transaction PNW Restricted Stock Units Options Exercise -2,157 -50% 2,161 20 Feb 2025 Common Stock 2,157 Direct F3, F8, F9
transaction PNW Restricted Stock Units Options Exercise -1,576 -33% 3,146 20 Feb 2025 Common Stock 1,576 Direct F3, F10, F11, F12
transaction PNW Restricted Stock Units Options Exercise -1,868 -25% 5,604 20 Feb 2025 Common Stock 1,868 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 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 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 274 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F10 The number of derivative securities in Column 5 includes 134 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 262 Restricted Stock Units received in connection with the settlement of dividend equivalent rights
F13 The number of derivative securities in Column 5 includes 77 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 231 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.