Form 4: Pinnacle West Capital Corp VP, Finance and Treasurer Paul J. Mountain Sells Shares
SEC Form 4
Paul J. Mountain, VP, Finance and Treasurer of Pinnacle West Capital Corp, sold 2,700 shares of common stock at $85.28 per share on August 8, 2024.
Summary
- On August 8, 2024, Paul J. Mountain, VP, Finance and Treasurer of Pinnacle West Capital Corp, sold 2,700 shares of common stock.
- The sale price was $85.28 per share.
- Following the transaction, Mr. Mountain directly owns 1,508 shares through a trust and 277 shares through a 401K.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This is a routine disclosure of insider trading activity. It's important to monitor such filings to understand the sentiment of company executives regarding the company's stock.
Stakeholder Impact
- The sale of shares by a company insider could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of the stock sale transaction. |
| 08/09/2024 | Date of signature on the Form 4 filing. |
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