Form 4: Pinnacle West Capital Corp SVP & CFO Andrew D. Cooper Reports Acquisition of Restricted Stock Units

Andrew D. Cooper, SVP & CFO of Pinnacle West Capital Corp, reports the acquisition of 7,568 Restricted Stock Units on February 18, 2025, vesting in equal annual installments starting February 20, 2026.

Summary

• On February 18, 2025, Andrew D. Cooper, SVP & CFO of Pinnacle West Capital Corp, reported the acquisition of 7,568 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 includes related Dividend Equivalents, which will credit additional RSUs when the company declares a cash dividend.
• Vested Dividend Equivalents will be paid in cash.
• The RSUs vest in four equal, annual installments beginning on February 20, 2026.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of RSUs is a standard practice and indicates alignment of the executive's interests with those of the shareholders. There are no explicitly negative aspects.

Positives

• The acquisition of Restricted Stock Units by a high-ranking officer signals confidence in the company's future performance.

Future Outlook

The Restricted Stock Units will vest in four equal annual installments beginning February 20, 2026, indicating a multi-year incentive structure for the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the executive to drive long-term value.

Key Dates

Keywords

Restricted Stock Units, Form 4, Beneficial Ownership, Pinnacle West Capital Corp, Andrew D. Cooper, SVP & CFO, Dividend Equivalents, Equity Compensation