Form 4: Pinnacle West Capital Corp SVP & CFO Andrew D. Cooper Reports Stock Transactions

Andrew D. Cooper, SVP & CFO of Pinnacle West Capital Corp, reports multiple transactions involving common stock and restricted stock units on February 20, 2025.

Summary

• On February 20, 2025, Andrew D. Cooper, SVP & CFO of Pinnacle West Capital Corp, reported several transactions.
• These transactions involved the acquisition and disposition of common stock and restricted stock units (RSUs).
• The transactions include the vesting of RSUs, the settlement of dividend equivalent rights, and shares withheld for tax purposes.
• The price of the disposed common stock was $90.77 per share.
• Following these transactions, Cooper directly owns 7,681 shares of common stock and 7,023 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, and the transactions themselves don't necessarily indicate positive or negative sentiment about the company's performance. It reflects standard compensation practices.

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 potential alignment of interests between management and shareholders.

Comparison to Industry Standards

• Form 4 filings are a standard practice across all publicly traded companies in the US, ensuring compliance with SEC regulations.
• The reported transactions are typical for executives receiving stock-based compensation as part of their overall remuneration package.
• Similar filings can be observed for executives at comparable utility companies like Edison International (EIX) and Sempra Energy (SRE).

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.
• The filing ensures compliance with SEC regulations, maintaining investor confidence.

Key Dates