Form 4: Pinnacle West Capital Corp Director Acquires Stock Units
SEC Form 4 Filing
Director Ronald Butler Jr. acquired 1,749 stock units of Pinnacle West Capital Corp on August 1, 2024, which will be settled in common stock and deferred until separation from the company.
Summary
- On August 1, 2024, Ronald Butler Jr., a director of Pinnacle West Capital Corp, acquired 1,749 stock units.
- Each stock unit is equivalent to one share of Pinnacle West common stock.
- The stock units vested on August 1, 2024, and will be settled in 100% shares of common stock.
- The settlement of these shares has been deferred until the second anniversary of Butler's separation from service from the company.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The settlement of the stock units will occur on the second anniversary of the reporting person's separation from service from the Company.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, providing transparency to investors regarding the holdings and transactions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director's holdings.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: Ronald Butler Jr. acquired 1,749 stock units. |
| 08/02/2024 | Date of signature on the Form 4 filing. |
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