Form 4: Pinnacle West Capital Corp Executive Reports Stock Transactions

Elizabeth Blankenship, VP, Controller and CAO of Pinnacle West Capital Corp, reports acquisition and disposal of common stock on March 18, 2025.

Summary

• On March 18, 2025, Elizabeth Blankenship, VP, Controller and CAO of Pinnacle West Capital Corp, acquired 3,514 shares of common stock due to the vesting of performance shares granted in 2022.
• These performance shares were tied to total shareholder return performance, earnings per share growth, and clean megawatts installed metrics, as well as dividend equivalent rights.
• Ms. Blankenship also disposed of 448 shares for $93.38 each as a cash settlement of performance shares received in connection with the settlement of dividend equivalent rights.
• Additionally, 825 shares were disposed of at $93.38 each to cover tax withholding requirements.
• Following these transactions, Ms. Blankenship directly owns 8,621 shares of common stock and indirectly owns 54 shares through a 401(k).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports routine stock transactions by an executive. There is no indication of significant positive or negative implications.

Positives

• The acquisition of shares indicates that performance metrics related to shareholder return, earnings per share growth, and clean megawatts installed were met, triggering the vesting of performance shares.

Negatives

• The disposal of shares to cover tax withholding requirements reduces the overall increase in direct ownership.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

Pinnacle West Capital Corp, Elizabeth Blankenship, Stock Transactions, Form 4, Performance Shares, Dividend Equivalent Rights, Tax Withholding, Common Stock, Beneficial Ownership