Form 4: Pinnacle West Capital Corp: Executive Blankenship Reports Stock Transactions

Elizabeth Blankenship, VP, Controller and CAO of Pinnacle West Capital Corp, reports acquisition and disposal of common stock related to performance share vesting and tax withholding.

Summary

• On October 22, 2024, Elizabeth Blankenship, VP, Controller and CAO of Pinnacle West Capital Corp, reported transactions involving the company's common stock.
• Blankenship acquired 811 shares upon the vesting of performance shares granted in 2021, tied to an operational performance metric, at a price of $0.
• Additionally, 121 shares were acquired in settlement of dividend rights that vested in connection with the performance shares.
• The company retained 218 shares at $88.12 and 33 shares at $88.12 to cover tax withholding requirements.
• Following these transactions, Blankenship directly owns 5,290 shares and indirectly owns 54 shares through a 401(k).
• The transactions were reported on October 23, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of performance shares indicates that the company met certain operational performance metrics.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• Shareholders are informed about insider transactions, which can influence their perception of the company's stock.

Key Dates