Robert Edgar Smith - Feb 17, 2023 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
EVP, GC, and CDO
Signature
/s/ Diane Wood, Attorney-in-Fact
Stock symbol
PNW
Transactions as of
Feb 17, 2023
Transactions value $
-$158,461
Form type
4
Date filed
2/21/2023, 07:08 PM
Previous filing
Oct 21, 2022
Next 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 +718 +9.97% 7.92K Feb 17, 2023 Direct F1
transaction PNW Common Stock Tax liability -$24.6K -327 -4.11% $75.10 7.63K Feb 17, 2023 Direct F2
transaction PNW Common Stock Options Exercise +344 +4.51% 7.98K Feb 17, 2023 Direct F1
transaction PNW Common Stock Disposed to Issuer -$25.8K -344 -4.31% $75.10 7.63K Feb 17, 2023 Direct
transaction PNW Common Stock Options Exercise +344 +4.51% 7.98K Feb 17, 2023 Direct F1
transaction PNW Common Stock Tax liability -$11.5K -153 -1.92% $75.10 7.83K Feb 17, 2023 Direct F2
transaction PNW Common Stock Options Exercise +477 +6.1% 8.3K Feb 17, 2023 Direct F1
transaction PNW Common Stock Disposed to Issuer -$35.8K -477 -5.75% $75.10 7.83K Feb 17, 2023 Direct
transaction PNW Common Stock Options Exercise +477 +6.1% 8.3K Feb 17, 2023 Direct F1
transaction PNW Common Stock Tax liability -$15.9K -212 -2.55% $75.10 8.09K Feb 17, 2023 Direct F2
transaction PNW Common Stock Options Exercise +944 +11.67% 9.03K Feb 17, 2023 Direct F3
transaction PNW Common Stock Disposed to Issuer -$3.38K -45 -0.5% $75.10 8.99K Feb 17, 2023 Direct F4
transaction PNW Common Stock Tax liability -$33.6K -448 -4.98% $75.10 8.54K Feb 17, 2023 Direct F2
transaction PNW Common Stock Award +231 +2.7% 8.77K Feb 17, 2023 Direct F5
transaction PNW Common Stock Tax liability -$7.81K -104 -1.19% $75.10 8.67K Feb 17, 2023 Direct F2

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 -718 -100% 0 Feb 17, 2023 Common Stock 718 Direct F1, F6
transaction PNW Restricted Stock Units Options Exercise -688 -50% 688 Feb 17, 2023 Common Stock 688 Direct F1, F7
transaction PNW Restricted Stock Units Options Exercise -954 -33.33% 1.91K Feb 17, 2023 Common Stock 954 Direct F1, F8
transaction PNW Restricted Stock Units Options Exercise -944 -25.04% 2.83K Feb 17, 2023 Common Stock 944 Direct F3, F9, F10, F11
* 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 the 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 either in 100% shares of common stock or 100% in cash with respect to Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
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 2019, 2020, and 2021 Restricted Stock Unit grants.
F6 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.
F7 The Restricted Stock Units award was granted and was effective in February 2020, and vests in four equal, annual installments beginning on February 20, 2021.
F8 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.
F9 The number of derivative securities in Column 5 includes 45 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.
F10 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.
F11 Includes 129 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.