Form 4: Pinnacle West Capital Corp Director Carol S. Eicher Reports Stock Unit Acquisition

Director Carol S. Eicher reports acquisition of 1,749 stock units of Pinnacle West Capital Corp, convertible to common stock, with deferred settlement.

Summary

• On August 1, 2024, Carol S. Eicher, a director of Pinnacle West Capital Corp, acquired 1,749 stock units.
• These stock units are the economic equivalent of one share of Pinnacle West common stock each.
• The stock units vested on August 1, 2024, and will be settled in shares of common stock.
• Eicher has elected to defer the settlement of these units until two years after she separates from service with the company.
• Following the transaction, Eicher directly owns 1,749 stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard reporting of stock unit acquisition by a director. It doesn't inherently indicate positive or negative sentiment, but rather a procedural update.

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

The settlement of the stock units is deferred until the second anniversary of the reporting person's separation from service from the Company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of stock units by a director can influence investor perception of the company's prospects.

Key Dates