0001209191-24-003874.txt : 20240222
0001209191-24-003874.hdr.sgml : 20240222
20240222211713
ACCESSION NUMBER: 0001209191-24-003874
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240220
FILED AS OF DATE: 20240222
DATE AS OF CHANGE: 20240222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Mountain Paul J
CENTRAL INDEX KEY: 0001929738
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08962
FILM NUMBER: 24667050
MAIL ADDRESS:
STREET 1: 400 N 5TH ST
CITY: PHOENIX
STATE: AZ
ZIP: 85004
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PINNACLE WEST CAPITAL CORP
CENTRAL INDEX KEY: 0000764622
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
ORGANIZATION NAME: 01 Energy & Transportation
IRS NUMBER: 860512431
STATE OF INCORPORATION: AZ
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 400 NORTH FIFTH STREET
STREET 2: MS 8695
CITY: PHOENIX
STATE: AZ
ZIP: 85004
BUSINESS PHONE: 602 250 1000
MAIL ADDRESS:
STREET 1: 400 NORTH FIFTH STREET
STREET 2: MS 8695
CITY: PHOENIX
STATE: AZ
ZIP: 85004
FORMER COMPANY:
FORMER CONFORMED NAME: AZP GROUP INC
DATE OF NAME CHANGE: 19870506
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2024-02-20
0
0000764622
PINNACLE WEST CAPITAL CORP
PNW
0001929738
Mountain Paul J
400 N 5TH ST
PHOENIX
AZ
85004
0
1
0
0
VP, Finance and Treasurer
0
Common Stock
2024-02-20
4
A
0
362
0.00
A
362
D
Common Stock
2024-02-20
4
F
0
169
69.10
D
193
D
Common Stock
2024-02-20
4
A
0
58
0.00
A
251
D
Common Stock
2024-02-20
4
F
0
28
69.10
D
223
D
Common Stock
2024-02-20
4
M
0
148
0.00
A
371
D
Common Stock
2024-02-20
4
F
0
70
69.10
D
301
D
Common Stock
2024-02-20
4
M
0
144
0.00
A
445
D
Common Stock
2024-02-20
4
D
0
144
69.10
D
301
D
Common Stock
2024-02-20
4
M
0
144
0.00
A
445
D
Common Stock
2024-02-20
4
F
0
68
69.10
D
377
D
Common Stock
2024-02-20
4
M
0
45
0.00
A
422
D
Common Stock
2024-02-20
4
D
0
2
69.10
D
420
D
Common Stock
2024-02-20
4
F
0
21
69.10
D
399
D
Common Stock
2024-02-20
4
M
0
451
0.00
A
850
D
Common Stock
2024-02-20
4
D
0
42
69.10
D
808
D
Common Stock
2024-02-20
4
F
0
191
69.10
D
617
D
Common Stock
2024-02-20
4
M
0
486
0.00
A
1103
D
Common Stock
2024-02-20
4
D
0
22
69.10
D
1081
D
Common Stock
2024-02-20
4
F
0
211
69.10
D
870
D
Common Stock
2024-02-20
4
A
0
55
0.00
A
925
D
Common Stock
2024-02-20
4
F
0
23
69.10
D
902
D
Common Stock
2024-02-20
4
G
0
902
0.00
D
0
D
Common Stock
2024-02-20
4
G
0
902
0.00
A
4119
I
by Trust
Common Stock
278
I
by 401(k)
Restricted Stock Units
2024-02-20
4
M
0
148
0.00
D
Common Stock
148
0
D
Restricted Stock Units
2024-02-20
4
M
0
288
0.00
D
Common Stock
288
288
D
Restricted Stock Units
2024-02-20
4
M
0
45
0.00
D
Common Stock
45
93
D
Restricted Stock Units
2024-02-20
4
M
0
451
0.00
D
Common Stock
451
895
D
Restricted Stock Units
2024-02-20
4
M
0
486
0.00
D
Common Stock
486
1456
D
Restricted Stock Units
2024-02-20
4
A
0
2172
A
Common Stock
2172
2172
D
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.
Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.
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.
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.
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.
Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
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.
The reporting person gifted the shares received on February 20, 2024 to a revocable family trust.
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.
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.
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.
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.
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.
Includes 7 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
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.
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.
Includes 77 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
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.
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.
Includes 64 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
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.
/s/ Diane Wood, Attorney-in-Fact
2024-02-22