Form 4: Pinnacle West Capital Corp Director Flanagan Acquires Stock Units

Director Susan T. Flanagan acquired 1,749 stock units of Pinnacle West Capital Corp on August 1, 2024, which will be settled in common stock upon separation from service.

Summary

• On August 1, 2024, Susan T. Flanagan, 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 shares of common stock.
• The settlement of these units has been deferred until the second anniversary of Flanagan's separation from service from the Company.
• The transaction was reported on August 2, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock unit acquisition by a company director, indicating a neutral sentiment.

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

This filing reflects standard executive compensation practices within publicly traded companies, where stock units are granted to align the interests of directors with those of shareholders.

Stakeholder Impact

• The acquisition of stock units by a director aligns their interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates