Form 4: Pinnacle West Capital Corp: VP of Finance and Planning, Paul J. Mountain, Reports Stock Transactions
SEC Form 4 Filing
Paul J. Mountain, VP of Finance and Planning at Pinnacle West Capital Corp, reports acquisition and disposal of common stock and restricted stock units on February 20, 2025, including a gift of shares to a revocable family trust.
Summary
- On February 20, 2025, Paul J. Mountain, VP of Finance and Planning at Pinnacle West Capital Corp, reported transactions involving common stock and restricted stock units.
- These transactions include the acquisition of common stock through the vesting of restricted stock units and the disposal of common stock to cover tax withholding requirements.
- Mountain also gifted 896 shares of common stock to a revocable family trust.
- The reported transactions resulted in a change in both direct and indirect ownership of Pinnacle West Capital Corp stock.
- The price of the disposed stock was $90.77 per share.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The restricted stock units will continue to vest in annual installments.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company executives.
Related Party Transactions
- The reporting person gifted 896 shares received on February 20, 2025 to a revocable family trust.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent routine insider activity.
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 and May 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, tax withholding, and gifting of shares to a trust; also the first vesting date of Restricted Stock Units granted in February 2024. |
| 02/24/2025 | Date of the signature on the Form 4 filing. |
Keywords
Form 4, Pinnacle West Capital Corp, Stock Transactions, Restricted Stock Units, Beneficial Ownership, Paul J. Mountain, Common Stock
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.