Form 4: Pinnacle West Capital Corp: Officer Elizabeth Blankenship Reports Stock Transactions
SEC Form 4 Filing
Elizabeth Blankenship, VP, Controller and CAO of Pinnacle West Capital Corp, reports multiple transactions involving common stock and restricted stock units on February 20, 2025.
Summary
- On February 20, 2025, Elizabeth Blankenship, VP, Controller and CAO of Pinnacle West Capital Corp, reported several transactions involving the company's common stock and restricted stock units.
- These transactions include the acquisition and disposal of common stock, as well as the exercising and vesting of restricted stock units.
- The price of the disposed common stock was $90.77 per share.
- The reporting person now directly owns 6,380 shares of common stock and indirectly owns 54 shares through a 401(k).
- The reporting person also owns 1,698 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and does not convey any particular sentiment. It simply reports transactions.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives and their holdings in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The transactions reported are typical for executives who receive stock options or restricted stock units as part of their compensation packages.
- Comparable companies in the utilities sector would have similar insider transaction reporting.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders, as they provide insight into the trading activities of a company insider.
- The vesting of restricted stock units may have a positive impact on the employee, as it provides them with additional compensation.
Key Dates
| Date | Description |
|---|---|
| 02/20/2022 | First vesting date of Restricted Stock Units granted in February 2021. |
| 02/20/2023 | First vesting date of Restricted Stock Units granted in February 2022. |
| 02/20/2024 | First vesting date of Restricted Stock Units granted in February 2023. |
| 02/20/2025 | Date of the reported transactions, including vesting of Restricted Stock Units granted in February 2024. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Pinnacle West Capital Corp, Stock Transactions, Elizabeth Blankenship, Restricted Stock Units, Common Stock, Officer, PNW
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