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PINNACLE WEST CAPITAL CORP Director's Dealing 2021

Feb 23, 2021

30576_dirs_2021-02-23_985bcaf1-67ad-4e86-b6ec-8411eabce2ef.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: GULDNER JEFFREY B. (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-02-19 Common Stock M 627 Acquired 23187 Direct
2021-02-19 Common Stock D 627 $76.26 Disposed 22560 Direct
2021-02-19 Common Stock M 681 Acquired 23241 Direct
2021-02-19 Common Stock D 681 $76.26 Disposed 22560 Direct
2021-02-19 Common Stock M 1490 Acquired 24050 Direct
2021-02-19 Common Stock D 1490 $76.26 Disposed 22560 Direct
2021-02-19 Common Stock M 2395 Acquired 24955 Direct
2021-02-19 Common Stock D 2395 $76.26 Disposed 22560 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2021-02-19 Restricted Stock Units $ M 627 Disposed Common Stock (627) Direct
2021-02-19 Restricted Stock Units $ M 681 Disposed Common Stock (681) Direct
2021-02-19 Restricted Stock Units $ M 1490 Disposed Common Stock (1490) Direct
2021-02-19 Restricted Stock Units $ M 2395 Disposed Common Stock (2395) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 132 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.