Maria L. Lacal - 18 Feb 2022 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Reporting relationship: EVP and CNO, PVGS, APS
Issuer ticker: PNW
Reported as of: 18 Feb 2022
Net transaction value: -$80,430
SEC form: 4
Accepted by SEC: 23 Feb 2022, 12:57:31 UTC
Prior SEC filing: 08 Nov 2021
Next SEC filing: 24 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ Diane Wood, Attorney-in-fact

Key filing fact

Maria L. Lacal filed Form 4 for PINNACLE WEST CAPITAL CORP (PNW) on 23 Feb 2022.

Key facts

This page summarizes Maria L. Lacal's Form 4 filing for PINNACLE WEST CAPITAL CORP (PNW).
16 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 23 Feb 2022, 12:57.

Change

Previous filing in this sequence was filed on 08 Nov 2021.
Current net transaction value: -$80,430.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PNW transaction

Common Stock

Options Exercise

Transaction value
Shares: +389
Change %: +1.7%
Price
Shares after: 23,910
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1

PNW transaction

Common Stock

Tax liability

Transaction value: $11,096
Shares: -161
Change %: -0.67%
Price: $68.92
Shares after: 23,749
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F2

PNW transaction

Common Stock

Options Exercise

Transaction value
Shares: +331
Change %: +1.4%
Price
Shares after: 24,080
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1

PNW transaction

Common Stock

Tax liability

Transaction value: $9,442
Shares: -137
Change %: -0.57%
Price: $68.92
Shares after: 23,943
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F2

PNW transaction

Common Stock

Options Exercise

Transaction value
Shares: +516
Change %: +2.2%
Price
Shares after: 24,459
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1

PNW transaction

Common Stock

Tax liability

Transaction value: $14,680
Shares: -213
Change %: -0.87%
Price: $68.92
Shares after: 24,246
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F2

PNW transaction

Common Stock

Options Exercise

Transaction value
Shares: +395
Change %: +1.6%
Price
Shares after: 24,641
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1

PNW transaction

Common Stock

Disposed to Issuer

Transaction value: $27,223
Shares: -395
Change %: -1.6%
Price: $68.92
Shares after: 24,246
Date: 18 Feb 2022
Ownership: Direct

PNW transaction

Common Stock

Options Exercise

Transaction value
Shares: +395
Change %: +1.6%
Price
Shares after: 24,641
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F1

PNW transaction

Common Stock

Tax liability

Transaction value: $11,234
Shares: -163
Change %: -0.66%
Price: $68.92
Shares after: 24,478
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F2

PNW transaction

Common Stock

Award

Transaction value
Shares: +198
Change %: +0.81%
Price
Shares after: 24,676
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F3

PNW transaction

Common Stock

Tax liability

Transaction value: $6,754
Shares: -98
Change %: -0.4%
Price: $68.92
Shares after: 24,578
Date: 18 Feb 2022
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PNW transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -389
Change %: -100%
Price
Shares after: 0
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 389
Exercise price
Footnotes: F1, F4

PNW transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -331
Change %: -50%
Price
Shares after: 331
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 331
Exercise price
Footnotes: F1, F5

PNW transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -516
Change %: -33%
Price
Shares after: 1,032
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 516
Exercise price
Footnotes: F1, F6

PNW transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -790
Change %: -25%
Price
Shares after: 2,370
Date: 18 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 790
Exercise price
Footnotes: F1, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote F2

Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.

Footnote F3

Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2018, 2019, 2020 and 2021 Restricted Stock Unit grants.

Footnote F4

The Restricted Stock Units award was granted and was effective in February 2018, and vests in four equal, annual installments beginning on February 20, 2019.

Footnote F5

The Restricted Stock Units award was granted and was effective in February 2019, and vests in four equal, annual installments beginning on February 20, 2020.

Footnote F6

The Restricted Stock Units award was granted and was effective in February 2020, and vests in four equal, annual installments beginning on February 19, 2021.

Footnote F7

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.