Dale E. Klein - May 19, 2021 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
Director
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
May 19, 2021
Transactions value $
$0
Form type
4
Date filed
5/19/2021, 06:52 PM
Next filing
Jul 2, 2021

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 Stock Units Award +1.64K 1.64K May 19, 2021 Common Stock 1.64K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Stock Units vested on May 19, 2021 and, at the reporting person's election, will be settled in 100% shares of common stock, 50% in cash and 50% in common stock, or 100% in cash. The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company.