Form 4: Pinnacle West Capital Corp Executive Sells Shares in Recent Transaction
SEC Form 4 Filing
Robert Edgar Smith, EVP, CLO, and CDO of Pinnacle West Capital Corp, disposed of 1,053 shares of common stock on March 10, 2025.
Summary
- Robert Edgar Smith, an executive at Pinnacle West Capital Corp, filed a Form 4 indicating a change in beneficial ownership.
- On March 10, 2025, Smith disposed of 1,053 shares of common stock.
- The transaction was a disposition (D) of shares, indicated by code 'G'.
- Following the transaction, Smith directly owns 9,159 shares of Pinnacle West Capital Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
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 seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The stock sale by an executive could be perceived in various ways by stakeholders.
- Some might see it as a lack of confidence in the company's future, while others might view it as a personal financial decision.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Robert Edgar Smith disposed of 1,053 shares of common stock. |
| 03/12/2025 | Date of signature on the Form 4 filing. |
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