Form 4: Pinnacle West Capital Corp Executive Esparza Jr. Reports Stock Transactions
SEC Form 4
Jose Luis Esparza Jr., SVP Public Policy at Pinnacle West Capital Corp, reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On February 20, 2025, Jose Luis Esparza Jr., SVP Public Policy at Pinnacle West Capital Corp, reported transactions involving common stock and restricted stock units.
- These transactions included the vesting of restricted stock units, the settlement of dividend equivalent rights, and shares withheld for tax purposes.
- The reported transactions resulted in changes to the amount of common stock and derivative securities beneficially owned by Esparza Jr.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation arrangements.
- Shareholders may be interested in tracking executive stock ownership as an indicator of management's alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| January 2022 | Restricted Stock Units award was granted and was effective |
| February 20, 2023 | First vesting date of Restricted Stock Units award granted in January 2022 |
| February 2023 | Restricted Stock Units award was granted and was effective |
| February 20, 2024 | First vesting date of Restricted Stock Units award granted in February 2023 |
| February 2024 | Restricted Stock Units award was granted and was effective |
| February 20, 2025 | Date of reported transactions including vesting of RSUs, settlement of dividend equivalent rights, and tax withholding; First vesting date of Restricted Stock Units award granted in February 2024 |
| 02/24/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Pinnacle West Capital Corp, PNW, Jose Luis Esparza Jr., Restricted Stock Units, Stock Transactions, Beneficial Ownership, Dividend Equivalent Rights
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