Pinnacle West (PNW) SVP Esparza reports 1,800-share stock sale at $102.01

Rhea-AI Filing Summary

Pinnacle West Capital Corp senior vice president Jose Luis Esparza Jr reported a sale of 1,800 shares of common stock on 2026-08-07 at $102.01 per share. After this open-market sale, he directly holds 4,910 shares, including 62 shares acquired through participation in a dividend reinvestment plan.

Insider Trade Summary

Net Seller: 1,800 shares

Net Sell 1 txn

Insider Esparza Jose Luis Jr

Role Insider

Sold 1,800 shs ($184K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1	1,800	$102.01	$184K

Holdings After Transaction: Common Stock — 4,910 shares (Direct)

Footnotes (1)

1. F1. The total number reported includes 62 additional shares resulting from the Reporting Person's participation in a dividend reinvestment plan.

Key Figures

Shares sold: 1,800 shares Sale price per share: $102.01 Approximate transaction value: $183,618 +2 more

5 metrics

Shares sold 1,800 shares Common stock sale on 2026-08-07 by Jose Luis Esparza Jr

Sale price per share $102.01 Per-share price for 1,800 Pinnacle West common shares sold

Approximate transaction value $183,618 1,800 shares sold at $102.01 per share

Shares held after transaction 4,910 shares Direct ownership of Pinnacle West common stock post-sale

Dividend reinvestment plan shares 62 shares Additional shares included in post-transaction total from DRIP participation

Key Terms

dividend reinvestment plan, Rule 10b5-1, open market or private transaction

3 terms

dividend reinvestment plan financial

"62 additional shares resulting from the Reporting Person's participation in a dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Rule 10b5-1 regulatory

"The filing’s Rule 10b5-1 checkbox is not marked, indicating no 10b5-1 plan"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open market or private transaction financial

"transaction code description indicates a Sale in open market or private transaction"

FAQ

What insider transaction did Pinnacle West (PNW) report for Jose Luis Esparza Jr?

Pinnacle West reported that Jose Luis Esparza Jr sold 1,800 shares of common stock on 2026-08-07. The sale was reported as an open-market or private transaction under transaction code S at a price of $102.01 per share.

At what price were the 1,800 Pinnacle West (PNW) shares sold by Esparza?

Jose Luis Esparza Jr sold 1,800 shares of Pinnacle West common stock at $102.01 per share. This price is reported on a per-share basis and reflects the execution price for the disclosed open-market or private transaction on 2026-08-07.

How many Pinnacle West (PNW) shares does Esparza hold after the reported sale?

Following the sale, Jose Luis Esparza Jr directly holds 4,910 shares of Pinnacle West common stock. This total includes 62 additional shares attributed to his participation in a dividend reinvestment plan, as explained in the footnote.

What does the dividend reinvestment plan disclosure mean in the Pinnacle West (PNW) Form 4?

The filing notes that Esparza’s reported post-transaction holdings include 62 extra shares from a dividend reinvestment plan. This means cash dividends on some of his shares were automatically reinvested to buy additional Pinnacle West stock instead of being paid in cash.

Was the Pinnacle West (PNW) insider sale by Esparza under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked, indicating the transaction is not affirmed as made under a 10b5-1 trading plan. No footnote in the report states that the sale was executed pursuant to any pre-arranged trading arrangement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/11/2026 - 07:36 PM Accepted by SEC EDGAR 08/11/2026 - 07:35 PM Learn about SEC filing dates

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^*

Esparza Jose Luis Jr

(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)
			SVP Public Policy APS

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026

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	08/07/2026		S		1,800	D	$102.01	4,910(1)	D

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:

1. The total number reported includes 62 additional shares resulting from the Reporting Person's participation in a dividend reinvestment plan.

Remarks:

	/s/ Melissa Sallee, Attorney-in-Fact	08/11/2026
	** 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)