Form 4: Pinnacle West Capital Corp Director Acquires Stock Units
SEC Form 4 Filing
Director Ronald Butler Jr. acquired 1,783 stock units of Pinnacle West Capital Corp on May 21, 2025, which will be settled in common stock upon separation from service.
Summary
- On May 21, 2025, Ronald Butler Jr., a director of Pinnacle West Capital Corp, acquired 1,783 stock units.
- Each stock unit represents the economic equivalent of one share of Pinnacle West common stock.
- The stock units vested on May 21, 2025, and will be settled in shares of common stock.
- Butler elected to defer settlement until the second anniversary of his separation from service from the company.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock unit acquisition by a director, indicating a neutral sentiment.
Future Outlook
The settlement of the stock units will occur two years after the reporting person separates from service from the Company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track potential changes in ownership and sentiment.
Stakeholder Impact
- The acquisition of stock units by a director can signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Date of transaction and vesting of stock units |
| 05/22/2025 | Date of signature on the Form 4 filing |
Keywords
Stock Units, Director, Form 4, PNW, Pinnacle West Capital Corp, Beneficial Ownership
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