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: Easterly Donna M (SVP, HR, APS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-19	Common Stock	M	142	—	Acquired	4952	Direct
2021-02-19	Common Stock	D	142	$76.26	Disposed	4810	Direct
2021-02-19	Common Stock	M	141	—	Acquired	4951	Direct
2021-02-19	Common Stock	F	60	$76.26	Disposed	4891	Direct
2021-02-19	Common Stock	M	389	—	Acquired	5280	Direct
2021-02-19	Common Stock	D	389	$76.26	Disposed	4891	Direct
2021-02-19	Common Stock	M	166	—	Acquired	5057	Direct
2021-02-19	Common Stock	D	166	$76.26	Disposed	4891	Direct
2021-02-19	Common Stock	M	165	—	Acquired	5056	Direct
2021-02-19	Common Stock	F	70	$76.26	Disposed	4986	Direct
2021-02-19	Common Stock	M	344	—	Acquired	5330	Direct
2021-02-19	Common Stock	F	145	$76.26	Disposed	5185	Direct
2021-02-19	Common Stock	A	53	—	Acquired	5238	Direct
2021-02-19	Common Stock	F	27	$76.26	Disposed	5211	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-19	Restricted Stock Units	$	M	283	Disposed		Common Stock (283)	Direct
2021-02-19	Restricted Stock Units	$	M	389	Disposed		Common Stock (389)	Direct
2021-02-19	Restricted Stock Units	$	M	331	Disposed		Common Stock (331)	Direct
2021-02-19	Restricted Stock Units	$	M	344	Disposed		Common Stock (344)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1686	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: 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, 2019 and 2020 Restricted Stock Unit grants.

F4: 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.

F5: 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.

F6: 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.

F7: 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.