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PINNACLE WEST CAPITAL CORP Director's Dealing 2021

Feb 23, 2021

30576_dirs_2021-02-23_c57f7c26-36e6-4ec8-86d3-fe814e65d7dd.zip

Director's Dealing

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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: Lockwood Barbara D (SVP, Public Policy, APS)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-02-19 Common Stock M 220 Acquired 2705 Direct
2021-02-19 Common Stock D 220 $76.26 Disposed 2485 Direct
2021-02-19 Common Stock M 292 Acquired 2777 Direct
2021-02-19 Common Stock D 292 $76.26 Disposed 2485 Direct
2021-02-19 Common Stock M 249 Acquired 2734 Direct
2021-02-19 Common Stock D 249 $76.26 Disposed 2485 Direct
2021-02-19 Common Stock M 344 Acquired 2829 Direct
2021-02-19 Common Stock D 344 $76.26 Disposed 2485 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2021-02-19 Restricted Stock Units $ M 220 Disposed Common Stock (220) Direct
2021-02-19 Restricted Stock Units $ M 292 Disposed Common Stock (292) Direct
2021-02-19 Restricted Stock Units $ M 249 Disposed Common Stock (249) Direct
2021-02-19 Restricted Stock Units $ M 344 Disposed Common Stock (344) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 4286 Indirect

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: 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.

F3: 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.

F4: 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.

F5: 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.