PINNACLE WEST CAPITAL CORP — Director's Dealing 2021

Feb 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PINNACLE WEST CAPITAL CORP (PNW)
CIK: 0000764622
Period of Report: 2021-02-19

Reporting Person: Geisler Theodore N (SVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-19	Common Stock	M	95	—	Acquired	101	Direct
2021-02-19	Common Stock	F	48	$76.26	Disposed	53	Direct
2021-02-19	Common Stock	M	227	—	Acquired	280	Direct
2021-02-19	Common Stock	F	113	$76.26	Disposed	167	Direct
2021-02-19	Common Stock	M	194	—	Acquired	361	Direct
2021-02-19	Common Stock	F	97	$76.26	Disposed	264	Direct
2021-02-19	Common Stock	M	492	—	Acquired	756	Direct
2021-02-19	Common Stock	F	245	$76.26	Disposed	511	Direct
2021-02-19	Common Stock	A	83	—	Acquired	594	Direct
2021-02-19	Common Stock	F	43	$76.26	Disposed	551	Direct
2021-02-19	Common Stock	G	545	$0.00	Disposed	6	Direct
2021-02-19	Common Stock	G	545	$0.00	Acquired	3775	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-19	Restricted Stock Units	$	M	95	Disposed		Common Stock (95)	Direct
2021-02-19	Restricted Stock Units	$	M	227	Disposed		Common Stock (227)	Direct
2021-02-19	Restricted Stock Units	$	M	194	Disposed		Common Stock (194)	Direct
2021-02-19	Restricted Stock Units	$	M	492	Disposed		Common Stock (492)	Direct

Footnotes

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, at the reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash.

F2: Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.

F3: Represents shares of common stock received by the individual in settlement of dividend rights granted in connection with the 2017, 2018, 2019 and 2020 Restricted Stock Unit grants.

F4: The reporting person gifted the shares received on February 19, 2021 to a revocable family trust.

F5: The Restricted Stock Units award was granted and was effective in February 2017, and vests in four equal, annual installments beginning on February 20, 2018.

F6: The Restricted Stock Units award was granted and was effective in February 2018, and vests in four equal, annual installments beginning on February 20, 2019.

F7: The Restricted Stock Units award was granted and was effective in February 2019, and vests in four equal, annual installments beginning on February 20, 2020.

F8: The Restricted Stock Units award was granted and was effective in February 2020, and vests in four equal, annual installments beginning on February 19, 2021.