Form 4: Pinnacle West Capital Corp Director Acquires Stock Units

Director Richard P. Fox acquired 1,908 stock units of Pinnacle West Capital Corp, which vested on May 22, 2024, and will be settled in common stock.

Summary

• Richard P. Fox, a director of Pinnacle West Capital Corp, acquired 1,908 stock units on May 22, 2024.
• These stock units are the economic equivalent of one share of Pinnacle West common stock each.
• The stock units vested on May 22, 2024, and will be settled in shares of common stock.
• The settlement is deferred until the last business day of the month following the second anniversary of the director's separation from service from the Company.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction by a director, indicating continued investment in the company, but not necessarily a major event.

Positives

• The acquisition of stock units by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

Settlement of the stock units will occur in the future, based on the director's separation from service, impacting the number of common shares outstanding at that time.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This transaction reflects a director's ongoing equity stake in the company.

Stakeholder Impact

• The transaction increases the director's alignment with shareholder interests.

Key Dates