Form 4 for PNW Pinnacle West Capital
Accepted 2024-02-22 00:00:00 ET · period of report 2024-02-20 · accession 0000950170-24-019072 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-02-22 | 2024-02-20 | PNW | Smith Robert Edgar | EVP, GC, CDO | A - Grant | — | +2,240 | 11.4K | +24% | — |
| DM | 2024-02-22 | 2024-02-20 | PNW | Smith Robert Edgar | EVP, GC, CDO | F - Tax | $69.10 | -2,138 | 11.3K | -16% | -$147.7K |
| DM | 2024-02-22 | 2024-02-20 | PNW | Smith Robert Edgar | EVP, GC, CDO | M - OptEx | — | +3,711 | 11.7K | +46% | — |
| DM | 2024-02-22 | 2024-02-20 | PNW | Smith Robert Edgar | EVP, GC, CDO | D - Sale to Iss | $69.10 | -954 | 11.7K | -8% | -$65.9K |
| DM | 2024-02-22 | 2024-02-20 | PNW | Smith Robert Edgar | EVP, GC, CDO | M - OptEx | — | -3,711 | 3,256 | -53% | — |
| D | 2024-02-22 | 2024-02-20 | PNW | Smith Robert Edgar | EVP, GC, CDO | A - Grant | — | +5,644 | 5,644 | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-02-20 | A | A | 1,803 | — | 10,291 | D | — | — | (F1) Shares aquired upon the vesting of a portion of the performance shares granted in 2021 that were tied to the total shareholder return performance metric. |
| 2 | Common | Common Stock | 2024-02-20 | F | D | 63 | $69.10 | 11,347 | D | — | — | |
| 3 | Common | Common Stock | 2024-02-20 | F | D | 814 | $69.10 | 9,477 | D | — | — | |
| 4 | Common | Common Stock | 2024-02-20 | A | A | 287 | — | 9,764 | D | — | — | (F3) Represents shares of common stock received by the indididual in settlement of dividend rights that vested in connection with the performance shares that vested on February 20, 2024. |
| 5 | Common | Common Stock | 2024-02-20 | F | D | 119 | $69.10 | 9,645 | D | — | — | |
| 6 | Common | Common Stock | 2024-02-20 | M | A | 344 | — | 9,989 | D | — | — | (F4) 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, atthe reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. |
| 7 | Common | Common Stock | 2024-02-20 | D | D | 344 | $69.10 | 9,645 | D | — | — | |
| 8 | Common | Common Stock | 2024-02-20 | M | A | 344 | — | 9,989 | D | — | — | (F4) 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, atthe reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. |
| 9 | Common | Common Stock | 2024-02-20 | F | D | 143 | $69.10 | 9,846 | D | — | — | |
| 10 | Common | Common Stock | 2024-02-20 | M | A | 477 | — | 10,323 | D | — | — | (F4) 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, atthe reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. |
| 11 | Common | Common Stock | 2024-02-20 | D | D | 477 | $69.10 | 9,846 | D | — | — | |
| 12 | Common | Common Stock | 2024-02-20 | M | A | 477 | — | 10,323 | D | — | — | (F4) 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, atthe reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. |
| 13 | Common | Common Stock | 2024-02-20 | F | D | 198 | $69.10 | 10,125 | D | — | — | |
| 14 | Common | Common Stock | 2024-02-20 | M | A | 985 | — | 11,110 | D | — | — | (F5) 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. |
| 15 | Common | Common Stock | 2024-02-20 | D | D | 86 | $69.10 | 11,024 | D | — | — | |
| 16 | Common | Common Stock | 2024-02-20 | F | D | 372 | $69.10 | 10,652 | D | — | — | |
| 17 | Common | Common Stock | 2024-02-20 | M | A | 1,084 | — | 11,736 | D | — | — | (F5) 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. |
| 18 | Common | Common Stock | 2024-02-20 | D | D | 47 | $69.10 | 11,689 | D | — | — | |
| 19 | Common | Common Stock | 2024-02-20 | F | D | 429 | $69.10 | 11,260 | D | — | — | |
| 20 | Common | Common Stock | 2024-02-20 | A | A | 150 | — | 11,410 | D | — | — | (F7) Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2020 and 2021 Restricted Stock Unit grants. |
| 21 | Derivative | Restricted Stock Units | 2024-02-20 | M | D | 688 | — | 0 | D | — · — to — | 688 Common Stock | (F4) 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, atthe reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. (F8) 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. |
| 22 | Derivative | Restricted Stock Units | 2024-02-20 | M | D | 954 | — | 954 | D | — · — to — | 954 Common Stock | (F4) 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, atthe reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. (F9) The Restricted Stock Units award was granted and was effective in February 2021, and vests and be settled in four equal, annual installments beginning on February 20, 2022. |
| 23 | Derivative | Restricted Stock Units | 2024-02-20 | M | D | 985 | — | 1,973 | D | — · — to — | 985 Common Stock | (F10) The number of derivative securities in Column 5 includes 86 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividendequivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock. (F5) 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. (F12) Includes 175 Restricted Stock Units received in connection with the settlement of dividend equivalent rights. (F11) 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. |
| 24 | Derivative | Restricted Stock Units | 2024-02-20 | M | D | 1,084 | — | 3,256 | D | — · — to — | 1,084 Common Stock | (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 equivalentrights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock. (F5) 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. (F15) Includes 145 Restricted Stock Units received in connection with the settlement of dividend equivalent rights. (F14) 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. |
| 25 | Derivative | Restricted Stock Units | 2024-02-20 | A | A | 5,644 | — | 5,644 | D | — · — to — | 5,644 Common Stock | (F5) 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. (F16) 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. |