Form 4: Pinnacle West Capital Corp: Officer Blankenship Reports Acquisition of Restricted Stock Units

Elizabeth Blankenship, VP, Controller and CAO of Pinnacle West Capital Corp, reports the acquisition of 1,672 Restricted Stock Units on February 18, 2025, vesting in equal annual installments starting February 20, 2026.

Summary

• On February 18, 2025, Elizabeth A. Blankenship, VP, Controller and CAO of Pinnacle West Capital Corp, acquired 1,672 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of the company's common stock.
• The RSUs will be settled in common stock.
• The award vests in four equal annual installments beginning on February 20, 2026.
• Dividend equivalents will be credited as additional RSUs until the vesting date, and vested dividend equivalents will be paid in cash.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The acquisition of RSUs by a company officer aligns their interests with those of the shareholders.

Future Outlook

The recipient will be credited with additional Restricted Stock Units in satisfaction of the Dividend Equivalents Award. Vested Restricted Stock Units in satisfaction of the Dividend Equivalents Award will be made in cash.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates compensation in the form of equity.

Stakeholder Impact

• Shareholders may view the granting of RSUs as a positive sign, aligning management's interests with the company's long-term performance.

Key Dates

Keywords

Restricted Stock Units, Form 4, Officer, Beneficial Ownership, Pinnacle West Capital Corp, PNW, Elizabeth Blankenship, Dividend Equivalents, Vesting