Form 4 for PNW Pinnacle West Capital
Accepted 2026-02-24 00:00:00 ET · period of report 2026-02-20 · accession 0001628280-26-011348 · 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 | 2026-02-24 | 2026-02-20 | PNW | Heflin Adam C | EVP, CNO, APS | D - Sale to Iss | $98.34 | -1,106 | 27.7K | -4% | -$108.8K |
| DM | 2026-02-24 | 2026-02-20 | PNW | Heflin Adam C | EVP, CNO, APS | F - Tax | $98.34 | -2,300 | 27.3K | -8% | -$226.2K |
| DM | 2026-02-24 | 2026-02-20 | PNW | Heflin Adam C | EVP, CNO, APS | M - OptEx | — | +9,357 | 27.8K | +51% | — |
| DM | 2026-02-24 | 2026-02-20 | PNW | Heflin Adam C | EVP, CNO, APS | M - OptEx | — | -9,357 | 1,496 | -86% | — |
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 | 2026-02-20 | D | D | 47 | $98.34 | 28,446 | D | — | — | |
| 2 | Common | Common Stock | 2026-02-20 | F | D | 326 | $98.34 | 28,120 | D | — | — | |
| 3 | Common | Common Stock | 2026-02-20 | M | A | 1,352 | — | 23,521 | D | — | — | (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 in 100% shares of common stock. |
| 4 | Common | Common Stock | 2026-02-20 | D | D | 199 | $98.34 | 23,322 | D | — | — | |
| 5 | Common | Common Stock | 2026-02-20 | F | D | 322 | $98.34 | 23,000 | D | — | — | |
| 6 | Common | Common Stock | 2026-02-20 | M | A | 3,766 | — | 26,766 | D | — | — | (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 in 100% shares of common stock. |
| 7 | Common | Common Stock | 2026-02-20 | D | D | 564 | $98.34 | 26,202 | D | — | — | |
| 8 | Common | Common Stock | 2026-02-20 | F | D | 892 | $98.34 | 25,310 | D | — | — | |
| 9 | Common | Common Stock | 2026-02-20 | M | A | 1,492 | — | 26,802 | D | — | — | (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 in 100% shares of common stock. |
| 10 | Common | Common Stock | 2026-02-20 | D | D | 176 | $98.34 | 26,626 | D | — | — | |
| 11 | Common | Common Stock | 2026-02-20 | F | D | 367 | $98.34 | 26,259 | D | — | — | |
| 12 | Common | Common Stock | 2026-02-20 | M | A | 1,216 | — | 28,493 | D | — | — | (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 in 100% shares of common stock. |
| 13 | Common | Common Stock | 2026-02-20 | F | D | 393 | $98.34 | 27,277 | D | — | — | |
| 14 | Common | Common Stock | 2026-02-20 | M | A | 1,531 | — | 27,790 | D | — | — | (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 in 100% shares of common stock. |
| 15 | Common | Common Stock | 2026-02-20 | D | D | 120 | $98.34 | 27,670 | D | — | — | |
| 16 | Derivative | Restricted Stock Units | 2026-02-20 | M | D | 1,352 | — | 0 | D | — · — to — | 1,352 Common Stock | (F4) The number of derivative securities in Column 5 includes 199 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. (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 in 100% shares of 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. |
| 17 | Derivative | Restricted Stock Units | 2026-02-20 | M | D | 3,766 | — | 0 | D | — · — to — | 3,766 Common Stock | (F6) The number of derivative securities in Column 5 includes 564 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. (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 in 100% shares of 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. |
| 18 | Derivative | Restricted Stock Units | 2026-02-20 | M | D | 1,216 | — | 3,649 | D | — · — to — | 1,216 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 equivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock. (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 in 100% shares of common stock. (F15) Includes 142 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 2025, and vests in four equal, annual installments beginning on February 20, 2026. |
| 19 | Derivative | Restricted Stock Units | 2026-02-20 | M | D | 1,531 | — | 3,061 | D | — · — to — | 1,531 Common Stock | (F10) The number of derivative securities in Column 5 includes 120 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. (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 in 100% shares of common stock. (F12) Includes 239 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 2024, and vests in four equal, annual installments beginning on February 20, 2025. |
| 20 | Derivative | Restricted Stock Units | 2026-02-20 | M | D | 1,492 | — | 1,496 | D | — · — to — | 1,492 Common Stock | (F7) The number of derivative securities in Column 5 includes 176 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. (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 in 100% shares of common stock. (F9) Includes 180 Restricted Stock Units received in connection with the settlement of dividend equivalent rights. (F8) 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. |