EVP Jacob Tetlow sells PNW stock while retaining direct and 401(k) holdings

Rhea-AI Filing Summary

PINNACLE WEST CAPITAL CORP executive Jacob Tetlow reported open-market sales of company stock. On 2026-05-13, he sold 6,567 shares of Common Stock in two transactions, at prices of $99.01 and $99.00 per share. Following these sales, he held 6,675 shares directly and 2,468 shares indirectly through a 401(k) plan.

Insider Trade Summary

Net Seller: 6,567 shares ($650,133)

Net Sell 3 txns

Insider Tetlow Jacob

Role null

Sold 6,567 shs ($650K)

Type	Security	Shares	Price	Value
Sale	Common Stock	6,526	$99.00	$646K
Sale	Common Stock	41	$99.01	$4K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 6,675 shares (Direct, null); Common Stock — 2,468 shares (Indirect, by 401(k))

Footnotes (1)

Key Figures

Total shares sold: 6,567 shares Sale price (lot 1): $99.01 per share Sale price (lot 2): $99.00 per share +2 more

5 metrics

Total shares sold 6,567 shares Net open-market sales on May 13, 2026

Sale price (lot 1) $99.01 per share Sale of 41 shares on May 13, 2026

Sale price (lot 2) $99.00 per share Sale of 6,526 shares on May 13, 2026

Direct holdings after sales 6,675 shares Common Stock directly owned following transactions

Indirect 401(k) holdings 2,468 shares Common Stock held indirectly via 401(k) plan

Key Terms

open-market sale, indirect, 401(k), net-sell

4 terms

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect financial

"ownership_type": "indirect""

401(k) financial

"nature_of_ownership": "by 401(k)""

A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.

net-sell financial

"netBuySellDirection": "net-sell""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Tetlow Jacob

(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)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			EVP, COO, APS

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/13/2026		S		6,526	D	$99	6,675	D
Common Stock	05/13/2026		S		41	D	$99.01	6,634	D
Common Stock								2,468	I	by 401(k)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Melissa Sallee, Attorney-in-Fact	05/14/2026
	** Signature of Reporting Person	Date
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)

FAQ

What insider transaction did PNW executive Jacob Tetlow report?

Jacob Tetlow reported selling company stock in open-market transactions. On 13 May 2026, he disposed of 6,567 shares of Pinnacle West Capital common stock, according to the Form 4 filing, reflecting a net-sell position for the period.

At what prices did Jacob Tetlow sell PNW shares?

The reported sales occurred at prices near $99 per share. One transaction was at $99.01 per share for 41 shares, and another was at $99.00 per share for 6,526 shares of Pinnacle West Capital common stock.

How many PNW shares did Jacob Tetlow sell in total?

Tetlow sold a total of 6,567 shares of Pinnacle West Capital common stock. The Form 4 summarizes two open-market sale transactions on 13 May 2026, resulting in a net-sell share count of 6,567 for that date.

How many PNW shares does Jacob Tetlow hold after the transactions?

After the reported sales, Tetlow directly held 6,675 shares of Pinnacle West Capital. The filing also shows 2,468 additional shares held indirectly through a 401(k) plan, providing both direct and indirect ownership positions after the transactions.

What type of insider is Jacob Tetlow at Pinnacle West (PNW)?

Jacob Tetlow is identified as an executive vice president and chief operating officer of APS, an affiliate of Pinnacle West Capital. In the Form 4, he is not flagged as a director or 10% owner but reports these transactions as an officer-level insider.

Were any PNW shares in Jacob Tetlow’s 401(k) bought or sold?

The filing lists 2,468 Pinnacle West Capital shares held indirectly via a 401(k) plan. This entry is classified as a holding record with an unknown transaction code, and does not explicitly show a buy or sell transaction for the 401(k) position.