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