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Pinnacle West (NYSE: PNW) director awarded 1,665 stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Svinicki Kristine L reported acquisition or exercise transactions in this Form 4 filing.

Pinnacle West Capital Corp director Kristine L. Svinicki received an equity award of 1,665 Stock Units, each economically equivalent to one share of Pinnacle West common stock. The units vested on May 14, 2026 and will be settled in common shares.

Svinicki elected to defer settlement until the last business day of the month following the month in which she separates from service with the company. After this grant, she holds 1,665 Stock Units directly as reported in this filing.

Positive

  • None.

Negative

  • None.
Insider Svinicki Kristine L
Role null
Type Security Shares Price Value
Grant/Award Stock Units 1,665 $0.00 --
Holdings After Transaction: Stock Units — 1,665 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Stock Units granted 1,665 units Equity award to director Kristine L. Svinicki
Price per unit $0.00 Grant price for Stock Units
Units after transaction 1,665 units Total Stock Units held following grant
Underlying common shares 1,665 shares Common stock underlying the Stock Units
Vesting date May 14, 2026 Date on which Stock Units vested
Stock Units financial
"Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
economic equivalent financial
"Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock."
settled in shares of common stock financial
"The Stock Units vested on May 14, 2026 and will be settled in shares of common stock."
defer settlement financial
"The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Svinicki Kristine L
(Last)(First)(Middle)
400 N. 5TH STREET
(Street)
PHOENIX ARIZONA 85004
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PINNACLE WEST CAPITAL CORP [ PNW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Units(1)05/14/2026A1,665 (1) (1)Common Stock1,665(1)1,665D
Explanation of Responses:
1. Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Stock Units vested on May 14, 2026 and will be settled in shares of common stock. The reporting person elected to defer settlement until the last business day of the month following the month in which the reporting person separates from service from the Company.
Remarks:
/s/ Melissa Sallee, Attorney-in-Fact05/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Pinnacle West (PNW) director Kristine L. Svinicki report on this Form 4?

Director Kristine L. Svinicki reported receiving 1,665 Stock Units as an equity award. Each unit is economically equivalent to one share of Pinnacle West common stock and will ultimately be settled in shares.

How many Pinnacle West (PNW) Stock Units were granted to Kristine L. Svinicki?

She was granted 1,665 Stock Units. These units are derivative securities that mirror the value of Pinnacle West common stock and are scheduled to be settled in an equal number of common shares in the future.

When do Kristine L. Svinicki’s Pinnacle West (PNW) Stock Units vest and settle?

The 1,665 Stock Units vested on May 14, 2026 and will be settled in shares of common stock. Settlement occurs after she separates from service, based on the deferral election described in the filing footnote.

How did Kristine L. Svinicki structure the payout timing of her Pinnacle West (PNW) Stock Units?

She elected to defer settlement of the Stock Units until the last business day of the month following the month in which she separates from service. This deferral choice affects when she actually receives the common shares.

What is the economic relationship between the Stock Units and Pinnacle West (PNW) common stock?

Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. Upon settlement, the units will be paid out in shares, aligning the award’s value directly with the company’s stock price.