Key facts
- This page summarizes Adam C. Heflin's Form 4 filing for PINNACLE WEST CAPITAL CORP (PNW).
- 20 reported transactions and 5 derivative rows are listed below.
- Accepted by SEC: 24 Feb 2026, 20:28.
Adam C. Heflin - 20 Feb 2026 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)
- Reporting relationship
- EVP & CNO, APS
- Issuer ticker
- PNW
- Reported as of
- 20 Feb 2026
- Net transaction value
- -$334,946
- SEC form
- 4
- Accepted by SEC
- 24 Feb 2026, 20:28:35 UTC
- Prior SEC filing
- 19 Feb 2026
- Next SEC filing
- 20 Mar 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Melissa Sallee, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Adam C. Heflin filed Form 4 for PINNACLE WEST CAPITAL CORP (PNW) on 24 Feb 2026.
Change
- Previous filing in this sequence was filed on 19 Feb 2026.
- Current net transaction value: -$334,946.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001331794
Primary reporting owner
Heflin Adam C
- Relationship
- EVP & CNO, APS
- Address
- 400 N. 5TH STREET, PHOENIX
- Signature
- /s/ Melissa Sallee, Attorney-in-Fact
- Signature date
- 24 Feb 2026
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
PNW
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +1,352
- Change %
- +6.1%
- Price
- Shares after
- 23,521
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
PNW
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $19,570
- Shares
- -199
- Change %
- -0.85%
- Price
- $98.34
- Shares after
- 23,322
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F2
PNW
transaction
Common Stock
Tax liability
- Transaction value
- $31,665
- Shares
- -322
- Change %
- -1.4%
- Price
- $98.34
- Shares after
- 23,000
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F3
PNW
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +3,766
- Change %
- +16%
- Price
- Shares after
- 26,766
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
PNW
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $55,464
- Shares
- -564
- Change %
- -2.1%
- Price
- $98.34
- Shares after
- 26,202
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F2
PNW
transaction
Common Stock
Tax liability
- Transaction value
- $87,719
- Shares
- -892
- Change %
- -3.4%
- Price
- $98.34
- Shares after
- 25,310
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F3
PNW
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +1,492
- Change %
- +5.9%
- Price
- Shares after
- 26,802
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
PNW
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $17,308
- Shares
- -176
- Change %
- -0.66%
- Price
- $98.34
- Shares after
- 26,626
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F2
PNW
transaction
Common Stock
Tax liability
- Transaction value
- $36,091
- Shares
- -367
- Change %
- -1.4%
- Price
- $98.34
- Shares after
- 26,259
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F3
PNW
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +1,531
- Change %
- +5.8%
- Price
- Shares after
- 27,790
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
PNW
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $11,801
- Shares
- -120
- Change %
- -0.43%
- Price
- $98.34
- Shares after
- 27,670
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F2
PNW
transaction
Common Stock
Tax liability
- Transaction value
- $38,648
- Shares
- -393
- Change %
- -1.4%
- Price
- $98.34
- Shares after
- 27,277
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F3
PNW
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +1,216
- Change %
- +4.5%
- Price
- Shares after
- 28,493
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F1
PNW
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $4,622
- Shares
- -47
- Change %
- -0.16%
- Price
- $98.34
- Shares after
- 28,446
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F2
PNW
transaction
Common Stock
Tax liability
- Transaction value
- $32,059
- Shares
- -326
- Change %
- -1.1%
- Price
- $98.34
- Shares after
- 28,120
- Date
- 20 Feb 2026
- Ownership
- Direct
- Footnotes
- F3
PNW
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 6
- Date
- 20 Feb 2026
- Ownership
- by Trust
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
- -1,352
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 20 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,352
- Exercise price
- Footnotes
- F1, F4, F5
PNW
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -3,766
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 20 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,766
- Exercise price
- Footnotes
- F1, F5, F6
PNW
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -1,492
- Change %
- -50%
- Price
- Shares after
- 1,496
- Date
- 20 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,492
- Exercise price
- Footnotes
- F1, F7, F8, F9
PNW
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -1,531
- Change %
- -33%
- Price
- Shares after
- 3,061
- Date
- 20 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,531
- Exercise price
- Footnotes
- F1, F10, F11, F12
PNW
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -1,216
- Change %
- -25%
- Price
- Shares after
- 3,649
- Date
- 20 Feb 2026
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,216
- Exercise price
- Footnotes
- F1, F13, F14, F15
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 15 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 in 100% shares of common stock.
Footnote F2
Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights
Footnote F3
Shares retained by the Company for purpose of meeting tax withholding requirements. The recipient retained all other shares.
Footnote F4
The number of derivative securities in Column 5 includes 199 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.
Footnote 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.
Footnote F6
The number of derivative securities in Column 5 includes 564 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.
Footnote F7
The number of derivative securities in Column 5 includes 176 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.
Footnote F8
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.
Footnote F9
Includes 180 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
Footnote F10
The number of derivative securities in Column 5 includes 120 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.
Footnote F11
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.
Footnote F12
Includes 239 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
Footnote F13
The number of derivative securities in Column 5 includes 47 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.
Footnote F14
The Restricted Stock Units award was granted and was effective in February 2025, and vests in four equal, annual installments beginning on February 20, 2026.
Footnote F15
Includes 142 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.