Form 4: Pinnacle West Capital Corp Director, Glynis Bryan, Reports Acquisition of Stock Units

Director Glynis Bryan reports acquisition of 1,783 stock units of Pinnacle West Capital Corp, convertible to common stock upon separation from service.

Summary

• On May 21, 2025, Glynis Bryan, a director of Pinnacle West Capital Corp, acquired 1,783 stock units.
• Each stock unit is equivalent to one share of Pinnacle West common stock.
• The stock units vested on May 21, 2025, and will be settled in shares of common stock upon the director's separation from service from the company.
• The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company.
• Following the transaction, Bryan directly owns 1,783 stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard disclosure of stock unit acquisition. It doesn't inherently indicate positive or negative performance, but rather transparency in insider transactions.

Positives

• The acquisition of stock units by a director signals confidence in the company's future performance.

Future Outlook

The stock units will be settled in shares of common stock upon the director's separation from service, with settlement deferred until the month following separation.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's acquisition of stock units, which is a common form of executive compensation.

Stakeholder Impact

• The acquisition of stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates

Keywords

Stock Units, Director, Form 4, PNW, Pinnacle West Capital Corp, Beneficial Ownership, Glynis Bryan