PINNACLE WEST CAPITAL CORP — Director's Dealing 2021

May 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINNACLE WEST CAPITAL CORP (PNW)
CIK: 0000764622
Period of Report: 2021-05-19

Reporting Person: Klein Dale E. (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-19	Stock Units	$	A	1637	Acquired		Common Stock (1637)	Direct

Footnotes

F1: Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Stock Units vested on May 19, 2021 and, at the reporting person's election, will be settled in 100% shares of common stock, 50% in cash and 50% in common stock, or 100% in cash. The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company.