Form 4: Pinnacle West Capital Corp Executive Receives Restricted Stock Units

Robert Edgar Smith, EVP, CLO, and CDO of Pinnacle West Capital Corp, reports the acquisition of 4,340 Restricted Stock Units on February 18, 2025.

Summary

• Robert Edgar Smith, an executive at Pinnacle West Capital Corp, filed a Form 4.
• The filing reports the acquisition of 4,340 Restricted Stock Units (RSUs) on February 18, 2025.
• These RSUs represent a contingent right to receive the economic equivalent of one share of the company's common stock and will be settled in common stock.
• The RSUs vest in four equal annual installments starting on February 20, 2026.
• The recipient will also be credited with additional RSUs in satisfaction of Dividend Equivalents Award, and vested Dividend Equivalents Award will be made in cash.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally. The vesting schedule is a positive sign of long-term commitment.

Positives

• The grant of RSUs to a key executive aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The executive's compensation is tied to the company's stock performance, incentivizing value creation.

Industry Context

Granting stock-based compensation is a common practice in the corporate world to align executive interests with shareholder value.

Stakeholder Impact

• Shareholders: Aligns executive interests with shareholder value through stock-based compensation.
• Employees: May impact employee morale as they see executives rewarded with stock.

Key Dates

Keywords

Restricted Stock Units, Form 4, Pinnacle West Capital Corp, Executive Compensation, Beneficial Ownership, Robert Edgar Smith, PNW