Adam C. Heflin - Feb 20, 2024 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 20, 2024
Transactions value $
-$200,183
Form type
4
Date filed
2/22/2024, 09:17 PM
Previous filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Stock Options Exercise +1.25K +10425% 1.26K Feb 20, 2024 Direct F1
transaction PNW Common Stock Disposed to Issuer -$6.77K -98 -7.76% $69.10 1.17K Feb 20, 2024 Direct F1, F2
transaction PNW Common Stock Tax liability -$34.2K -495 -42.49% $69.10 670 Feb 20, 2024 Direct F3
transaction PNW Common Stock Options Exercise +3.47K +518.06% 4.14K Feb 20, 2024 Direct F1
transaction PNW Common Stock Disposed to Issuer -$18.6K -269 -6.5% $69.10 3.87K Feb 20, 2024 Direct F2
transaction PNW Common Stock Tax liability -$97.4K -1.41K -36.39% $69.10 2.46K Feb 20, 2024 Direct F3
transaction PNW Common Stock Options Exercise +1.38K +55.95% 3.84K Feb 20, 2024 Direct F1
transaction PNW Common Stock Disposed to Issuer -$4.28K -62 -1.61% $69.10 3.78K Feb 20, 2024 Direct F2
transaction PNW Common Stock Tax liability -$39K -564 -14.92% $69.10 3.22K Feb 20, 2024 Direct F3

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 -1.25K -33.36% 2.5K Feb 20, 2024 Common Stock 1.25K Direct F1, F4, F5, F6
transaction PNW Restricted Stock Units Options Exercise -3.47K -33.33% 6.94K Feb 20, 2024 Common Stock 3.47K Direct F1, F5, F7, F8
transaction PNW Restricted Stock Units Options Exercise -1.38K -25.01% 4.13K Feb 20, 2024 Common Stock 1.38K Direct F1, F5, F9, F10, F11
transaction PNW Restricted Stock Units Options Exercise +5.64K 5.64K Feb 20, 2024 Common Stock 5.64K Direct F1, F12
* 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 settledeither in 100% shares of common stock or 100% in cash with respect to Restricted Stock Units received in connection with the settlement of divident equivalent rights.
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 receipient retained all other shares.
F4 The number of derivative securities in Column 5 includes 98 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalentrights 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 193 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F7 The number of derivative securities in Column 5 includes 269 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalentrights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
F8 Includes 538 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F9 The number of derivative securities in Column 5 includes 62 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalentrights 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 183 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
F12 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.