Form 4 for PNW Pinnacle West Capital
Accepted 2024-02-22 00:00:00 ET · period of report 2024-02-20 · accession 0001209191-24-003874 · 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 | Mountain Paul J | VP, Fin, Treas | A - Grant | $0.00 | +475 | 925 | +106% | $0 |
| DI | 2024-02-22 | 2024-02-20 | PNW | Mountain Paul J | VP, Fin, Treas | G - Gift | $0.00 | +902 | 4,119 | +28% | $0 |
| DM | 2024-02-22 | 2024-02-20 | PNW | Mountain Paul J | VP, Fin, Treas | F - Tax | $69.10 | -781 | 193 | -80% | -$54.0K |
| DM | 2024-02-22 | 2024-02-20 | PNW | Mountain Paul J | VP, Fin, Treas | M - OptEx | $0.00 | +1,418 | 1,103 | New | $0 |
| DM | 2024-02-22 | 2024-02-20 | PNW | Mountain Paul J | VP, Fin, Treas | D - Sale to Iss | $69.10 | -210 | 1,081 | -16% | -$14.5K |
| D | 2024-02-22 | 2024-02-20 | PNW | Mountain Paul J | VP, Fin, Treas | G - Gift | $0.00 | -902 | 0 | -100% | $0 |
| DM | 2024-02-22 | 2024-02-20 | PNW | Mountain Paul J | VP, Fin, Treas | M - OptEx | $0.00 | -1,418 | 93 | -94% | $0 |
| D | 2024-02-22 | 2024-02-20 | PNW | Mountain Paul J | VP, Fin, Treas | A - Grant | — | +2,172 | 2,172 | 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 | 362 | $0.00 | 362 | D by Trust | — | — | (F1) Shares acquired 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 | G | A | 902 | $0.00 | 4,119 | I | — | — | (F8) The reporting person gifted the shares received on February 20, 2024 to a revocable family trust. (F9) This total includes 123 shares that were acquired over time under a dividend reinvestment program and that were not reported on prior Form 4's. |
| 3 | Common | Common Stock | 2024-02-20 | A | A | 58 | $0.00 | 251 | D | — | — | (F3) Represents shares of common stock received by the individual in settlement of dividend rights that vested in connection with the performance shares that vested on February 20, 2024. |
| 4 | Common | Common Stock | 2024-02-20 | F | D | 28 | $69.10 | 223 | D | — | — | |
| 5 | Common | Common Stock | 2024-02-20 | M | A | 148 | $0.00 | 371 | 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, at the reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. |
| 6 | Common | Common Stock | 2024-02-20 | F | D | 70 | $69.10 | 301 | D | — | — | |
| 7 | Common | Common Stock | 2024-02-20 | M | A | 144 | $0.00 | 445 | 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, at the reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. |
| 8 | Common | Common Stock | 2024-02-20 | D | D | 144 | $69.10 | 301 | D | — | — | |
| 9 | Common | Common Stock | 2024-02-20 | M | A | 144 | $0.00 | 445 | 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, at the reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. |
| 10 | Common | Common Stock | 2024-02-20 | F | D | 68 | $69.10 | 377 | D | — | — | |
| 11 | Common | Common Stock | 2024-02-20 | M | A | 45 | $0.00 | 422 | 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 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. |
| 12 | Common | Common Stock | 2024-02-20 | D | D | 2 | $69.10 | 420 | D | — | — | |
| 13 | Common | Common Stock | 2024-02-20 | F | D | 21 | $69.10 | 399 | D | — | — | |
| 14 | Common | Common Stock | 2024-02-20 | M | A | 451 | $0.00 | 850 | 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 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. |
| 15 | Common | Common Stock | 2024-02-20 | D | D | 42 | $69.10 | 808 | D | — | — | |
| 16 | Common | Common Stock | 2024-02-20 | F | D | 191 | $69.10 | 617 | D | — | — | |
| 17 | Common | Common Stock | 2024-02-20 | M | A | 486 | $0.00 | 1,103 | 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 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. |
| 18 | Common | Common Stock | 2024-02-20 | D | D | 22 | $69.10 | 1,081 | D | — | — | |
| 19 | Common | Common Stock | 2024-02-20 | F | D | 211 | $69.10 | 870 | D | — | — | |
| 20 | Common | Common Stock | 2024-02-20 | A | A | 55 | $0.00 | 925 | 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 | Common | Common Stock | 2024-02-20 | F | D | 23 | $69.10 | 902 | D | — | — | |
| 22 | Common | Common Stock | 2024-02-20 | G | D | 902 | $0.00 | 0 | D | — | — | (F8) The reporting person gifted the shares received on February 20, 2024 to a revocable family trust. |
| 23 | Common | Common Stock | 2024-02-20 | F | D | 169 | $69.10 | 193 | D | — | — | |
| 24 | Derivative | Restricted Stock Units | 2024-02-20 | M | D | 148 | $0.00 | 0 | D | — · — to — | 148 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, at the reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. (F10) The Restricted Stock Unit award was granted and was effective in February 2020, and vests in four equal annual installments beginning on February 20, 2021. |
| 25 | Derivative | Restricted Stock Units | 2024-02-20 | M | D | 288 | $0.00 | 288 | D | — · — to — | 288 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, at the reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash. (F11) 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. |
| 26 | Derivative | Restricted Stock Units | 2024-02-20 | A | A | 2,172 | — | 2,172 | D | — · — to — | 2,172 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 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. (F21) 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. |
| 27 | Derivative | Restricted Stock Units | 2024-02-20 | M | D | 451 | $0.00 | 895 | D | — · — to — | 451 Common Stock | (F15) The number of derivative securities in Column 5 includes 42 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. (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 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. (F17) Includes 77 Restricted Stock Units received in connection with the settlement of dividend equivalent rights. (F16) The Restricted Stock Unit award was granted and was effective in February 2022, and vests in four equal annual installments beginning on February 20, 2023. |
| 28 | Derivative | Restricted Stock Units | 2024-02-20 | M | D | 486 | $0.00 | 1,456 | D | — · — to — | 486 Common Stock | (F18) The number of derivative securities in Column 5 includes 22 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. (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 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. (F20) Includes 64 Restricted Stock Units received in connection with the settlement of dividend equivalent rights. (F19) The Restricted Stock Unit award was granted and was effective in February 2023, and vests in four equal annual installments beginning on February 20, 2024. |
| 29 | Derivative | Restricted Stock Units | 2024-02-20 | M | D | 45 | $0.00 | 93 | D | — · — to — | 45 Common Stock | (F12) The number of derivative securities in Column 5 includes 2 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. (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 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. (F14) Includes 7 Restricted Stock Units received in connection with the settlement of dividend equivalent rights. (F13) The Restricted Stock Unit award was granted and was effective in May 20, 2022 and vests in four equal, annual installments beginning on February 20, 2023. |