Every Form 4 that Pinnacle West Capital Corporation (PNW) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow PNW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PNW filings page.
Pinnacle West Capital Corp officer Elizabeth A. Blankenship, VP, Controller and CAO, reported selling 980 shares of common stock on 2026-08-10 at $99.165 per share in an open-market or private transaction. Following the sale, she held 10,886 shares directly and 54 shares indirectly through a 401(k) plan.
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.
EICHER CAROL S reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital director Carol S. Eicher received a grant of 1,665 stock units as compensation. Each stock unit is the economic equivalent of one share of Pinnacle West common stock and will be settled in common shares after she separates from service with the company, based on her prior deferral election.
Butler Ronald Jr reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital director Ronald Butler Jr reported receiving a grant of 1,665 Stock Units, each economically equivalent to one share of common stock. The units vested on May 14, 2026 and will be settled in common shares, with settlement deferred until the second anniversary of his separation from the company.
This is a compensation-related award, not an open-market purchase or sale, and leaves Butler with 1,665 Stock Units directly owned after the transaction.
de la Melena Gonzalo A Jr reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital Corp director Gonzalo A. de la Melena Jr received a grant of 1,665 stock units. These stock units are each economically equivalent to one share of Pinnacle West common stock and increase his direct derivative holdings to 1,665 units.
The stock units vested on May 14, 2026 and will be settled in shares of common stock. He elected to defer settlement until the second anniversary of the year in which he separates from service with the company, so this filing reflects a compensation award rather than an open-market trade.
Flanagan Susan T. reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital Corp director Susan T. Flanagan received a compensation-related grant of 1,665 stock units, each economically equivalent to one share of common stock. The stock units vested on May 14, 2026 and will be settled in common shares, with settlement deferred until the last business day of the month following the month in which she separates from service with the company. Following this grant, she holds 1,665 stock units directly.
TREVATHAN JAMES E JR reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital Corp director James E. Trevathan Jr. received a grant 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, with settlement deferred until after his separation from the company.
Sims Paula J reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital director Paula J. Sims received a grant of company stock. On the reported date, she was awarded 1,665 shares of Pinnacle West Capital common stock at an indicated value of $99.77 per share as a compensation-related grant. Following this award, she directly owns 11,032 common shares.
SPENCE WILLIAM H reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital director William H. Spence received an award of 1,665 shares of Common Stock on May 14, 2026 at an indicated value of $99.77 per share. This was a compensation-related grant, not an open-market purchase. Following the award, he directly holds 6,291 shares.
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.
BRYAN GLYNIS reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital Corp director Glynnis Bryan reported receiving an award of 1,665 stock units, each economically equivalent to one share of common stock. The units vested on May 14, 2026 and will be settled in common shares after Bryan separates from service, based on a deferral election.
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 6,634 shares directly and 2,468 shares indirectly through a 401(k) plan.
Pinnacle West Capital executive Elizabeth A. Blankenship, VP, Controller and CAO, reported compensation-related stock activity in Common Stock on March 18, 2026. She received a grant of 3,098 shares upon vesting of performance shares granted in 2023, tied to total shareholder return, earnings per share growth, clean megawatts installed, and dividend-equivalent rights.
Of these and related performance share settlements, 373 shares were delivered back to the company as a cash settlement of performance shares received in connection with dividend-equivalent rights at 100.92 per share, and 733 shares were retained by the company to satisfy tax withholding requirements, with all remaining shares retained by the executive. Following these transactions, she directly holds 11,866 shares and indirectly holds 54 shares through a 401(k) plan.
Pinnacle West Capital EVP and COO of APS Jacob Tetlow reported a compensation-related stock transaction involving performance shares. He acquired 20,879 shares of common stock upon vesting of 2023 performance share awards tied to total shareholder return, earnings per share growth, clean megawatts installed, and dividend-equivalent rights.
Of the vested shares, 2,490 were settled in cash to the company and 7,880 shares were retained by the company to cover tax withholding obligations, while Tetlow kept the remaining shares. After these transactions, he directly owns 13,201 common shares and indirectly holds 2,467 shares through a 401(k) plan.
Pinnacle West Capital EVP & Chief Nuclear Officer Adam C. Heflin reported equity compensation and related share dispositions. He acquired 22,157 shares of common stock at no cost through the vesting of 2023 performance shares tied to total shareholder return, earnings per share growth, clean megawatts installed, and dividend-equivalent rights. On the same date, 2,642 shares were delivered back to the company as a cash settlement of performance shares received from dividend-equivalent rights, and 8,364 shares were retained by the company to cover tax withholding obligations, with Heflin retaining the remaining shares from the award. Following these transactions, he directly holds 39,471 common shares and has an additional 6 shares held indirectly in a trust.
Pinnacle West Capital Chairman, CEO and President Theodore N. Geisler reported several equity-related transactions in company common stock. He received 24,287 shares on March 18, 2026 from the vesting of 2023 performance shares tied to total shareholder return, earnings per share growth, clean megawatts installed, and dividend-equivalent rights.
On the same date, 2,897 shares were returned to the company at $100.92 per share in connection with cash settlement of performance shares linked to dividend-equivalent rights. Another 8,954 shares were withheld by the company to cover tax obligations, while all remaining vested shares were retained.
Geisler then made a bona fide gift of 12,436 shares, transferring them to a revocable family trust. Following these moves, his direct holdings in common stock fell to zero, and his indirect holdings through the trust increased to 50,003 shares.
PINNACLE WEST CAPITAL CORP SVP Public Policy APS Jose Luis Esparza Jr reported compensation-related stock transactions in common stock. He received a grant of 3,712 shares at $0.00 per share tied to 2023 performance metrics, including total shareholder return, earnings per share growth, and clean megawatts installed, plus dividend-equivalent performance shares.
In connection with this vesting, 443 shares were disposed back to the company as a cash settlement of dividend-equivalent performance shares, and 1,402 shares were retained by the company to satisfy tax withholding at $100.92 per share. After these non-market transactions, Esparza directly holds 6,648 common shares.
Pinnacle West Capital SVP & CFO Andrew D. Cooper reported equity compensation activity involving company common stock. On March 18, 2026, he received 18,177 shares of common stock at $0.00 per share as a grant tied to 2023 performance share awards, including total shareholder return, earnings per share growth, clean megawatts installed, and dividend-equivalent rights.
On the same date, 2,160 shares were disposed of back to the company as a cash settlement of performance shares related to dividend-equivalent rights, and 6,704 shares were withheld by the company to cover tax obligations. After these transactions, Cooper directly held 29,053 shares of Pinnacle West Capital common stock.
Pinnacle West Capital senior vice president and general counsel Shirley A. Baum reported compensation-related stock transactions. She received 2,781 shares of common stock upon vesting of 2023 performance shares, then 327 shares were surrendered to the company and 1,052 shares were withheld to cover taxes at $100.92 per share. After these non‑market transactions, she directly holds 5,846 common shares.
Pinnacle West Capital EVP and COO Jacob Tetlow reported multiple equity award transactions in the form of Restricted Stock Units and common stock on February 20, 2026. Several RSU awards were exercised and settled in shares, consistent with footnotes stating each unit equals one share of common stock and includes dividend-equivalent units tied to cash dividends. To cover tax obligations and issuer-related settlements, Tetlow delivered portions of the common shares back to the company at $98.34 per share under disposition and tax-withholding codes. After these transactions, he held 2,692 common shares directly and 2,471 shares indirectly through a 401(k), reflecting a mix of award vesting, tax withholding, and ongoing ownership rather than open-market buying or selling.
Pinnacle West Capital EVP & CNO Adam C. Heflin reported multiple equity award transactions in company stock. On February 20, 2026, he exercised several batches of Restricted Stock Units (RSUs), which convert into an equal number of common shares and are settled 100% in stock according to the footnotes.
The filing also records related dispositions of common shares back to the company and for tax withholding, with several transactions priced at $98.34 per share. After these exercises and withholding-related dispositions, Heflin directly held 28,120 shares of Pinnacle West common stock, plus a small indirect holding of 6 shares in a trust.
Pinnacle West Capital director and Chairman, CEO and President Theodore N. Geisler reported a series of equity compensation transactions in company stock. On February 20, 2026, multiple tranches of Restricted Stock Units were exercised and converted into shares of common stock at a stated price of $98.34 per share for related tax and settlement entries. A portion of the resulting shares was retained by the company to satisfy tax withholding obligations, while other shares reflected cash settlement of dividend-equivalent rights tied to prior RSU awards. After these moves, Geisler transferred 5,319 shares as a bona fide gift to a revocable family trust, resulting in 37,567 shares of common stock reported as held indirectly by the trust. The activity reflects equity award vesting, tax management, and estate planning rather than open-market buying or selling.
Pinnacle West Capital senior vice president Jose Luis Esparza Jr. reported a mix of equity award vesting and related share movements. On February 20, 2026, he exercised several blocks of restricted stock units into common stock, which convert one-for-one into shares and are settled entirely in stock. Some of the resulting shares were surrendered back to the company at $98.34 per share to cover tax withholding and other obligations. After these transactions, Esparza directly owned 4,746 shares of Pinnacle West common stock and held 1,563 restricted stock units, including amounts accrued from dividend equivalent rights.
Pinnacle West Capital’s SVP & CFO Andrew D. Cooper reported a series of equity compensation transactions on February 20, 2026. He exercised multiple Restricted Stock Units (RSUs), receiving common shares at a stated price of $0.00 per share through derivative exercises.
Some of the newly issued shares were delivered back to the company or withheld to satisfy obligations, including tax-withholding dispositions at $98.34 per share. Footnotes explain that each RSU equals one common share, with awards granted between 2022 and 2025, vesting annually and accruing dividend-equivalent RSUs. After these transactions, Cooper directly owns 19,600 shares of Pinnacle West common stock.
Pinnacle West Capital VP, Controller and CAO Elizabeth A. Blankenship reported multiple equity compensation transactions dated February 20, 2026. She exercised Restricted Stock Units that convert into common stock at no exercise price and received shares accordingly.
Some of the newly issued common shares were surrendered back to the company and withheld at $98.34 per share to cover tax and related obligations, while she retained the remaining shares. After these transactions, she directly held 9,874 shares of common stock and indirectly held 54 shares through a 401(k) plan.
Pinnacle West Capital VP and Treasurer Christopher R. Bauer reported several equity transactions involving restricted stock units and common shares of the company on February 20, 2026. He exercised restricted stock units covering 272 and 291 units, each unit representing the economic equivalent of one share of common stock and settled entirely in shares. These exercises resulted in corresponding acquisitions of company common shares at a stated price of $0.00 per share.
Bauer also disposed of small blocks of common shares back to the company and to satisfy tax obligations. Dispositions included 17 and 12 shares classified as transfers to the issuer, and 81 and 89 shares withheld at $98.34 per share to cover tax liabilities, while he retained the remaining shares from these awards.
Pinnacle West Capital Corp SVP and General Counsel Shirley A. Baum reported multiple equity award transactions dated February 20, 2026. She exercised several Restricted Stock Units, which each represent the right to receive one share of common stock and are settled entirely in shares, increasing her common stock holdings.
On the same date, a portion of the newly delivered common shares was disposed back to the company and withheld at a price of $98.34 per share to cover tax and other obligations, while the remainder was retained. After these acquisitions and related dispositions, Baum directly owned 4,444 shares of Pinnacle West common stock.
Tetlow Jacob reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital executive Jacob Tetlow received an equity award in the form of 5,464 Restricted Stock Units on February 17, 2026. Each unit represents the economic equivalent of one share of common stock and will be settled in stock when it vests.
The award vests in four equal annual installments beginning on February 20, 2027, providing long-term incentive compensation. From the grant date until vesting, Tetlow will also receive dividend equivalents as additional Restricted Stock Units, which, once vested, will be paid in cash.
Heflin Adam C reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital reported that EVP & Chief Nuclear Officer of APS, Adam C. Heflin, received a grant of 4,552 Restricted Stock Units on February 17, 2026. Each unit represents the right to receive the economic equivalent of one share of common stock, to be settled in stock when vested.
The award vests in four equal annual installments beginning on February 20, 2027. The grant also includes related dividend equivalent rights, which accrue additional units during the vesting period and are paid in cash when those dividend-related units vest.
Pinnacle West Capital Chairman, CEO and President Theodore N. Geisler reported an equity compensation award. On February 17, 2026, he acquired 18,204 Restricted Stock Units (RSUs), each representing the economic equivalent of one share of common stock and to be settled in common stock.
The award vests in four equal annual installments beginning on February 20, 2027. From the grant date until vesting, he will also be credited with additional RSUs as dividend equivalents whenever the company pays cash dividends. RSUs earned as dividend equivalents will be paid in cash when they vest.
Blankenship Elizabeth A reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital reported that VP, Controller and CAO Elizabeth A. Blankenship received a grant of 1,772 Restricted Stock Units on February 17, 2026. Each unit represents the economic equivalent of one share of common stock and will be settled in common stock when vested.
The award, effective in February 2026, vests in four equal annual installments beginning on February 20, 2027. From grant date until vesting, cash dividends declared on the stock will generate additional Restricted Stock Units as dividend equivalents, which will be paid in cash when those related units vest.
Pinnacle West Capital reported that VP and Treasurer Christopher R. Bauer acquired 1,140 Restricted Stock Units as an equity award. Each unit represents the economic equivalent of one share of common stock and will be settled in common shares when vested.
The award, granted in February 2026, vests in four equal annual installments beginning on February 20, 2027. From the grant date to vesting, Bauer will also receive additional units as dividend equivalents when cash dividends are declared, with vested dividend-equivalent units paid in cash.
Esparza Jose Luis Jr reported acquisition or exercise transactions in this Form 4 filing.
PINNACLE WEST CAPITAL CORP reported that Jose Luis Esparza Jr., SVP Public Policy at APS, received a grant of 1,824 Restricted Stock Units on February 17, 2026. These units give him the right to receive the economic equivalent of one share of common stock for each unit.
The award, granted and effective in February 2026, will vest in four equal annual installments beginning on February 20, 2027. The units will be settled in common stock, and from the grant date to vesting, additional units will accrue as dividend equivalents, which will be paid in cash once vested.
Cooper Andrew D reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital reported that its SVP & CFO, Andrew D. Cooper, received a grant of 8,092 Restricted Stock Units on February 17, 2026. Each unit represents the economic equivalent of one share of common stock and will ultimately be settled in common stock.
The award vests in four equal annual installments beginning on February 20, 2027, aligning Cooper’s compensation with long-term company performance. From grant until vesting, he will earn additional units through dividend equivalents, which will be paid in cash when those dividend-equivalent units vest.
Baum Shirley A reported acquisition or exercise transactions in this Form 4 filing.
Pinnacle West Capital granted Senior Vice President and General Counsel Shirley A. Baum 3,440 Restricted Stock Units (RSUs) on February 17, 2026. Each RSU represents the economic equivalent of one share of common stock and will ultimately be settled in common stock.
The award vests in four equal annual installments beginning on February 20, 2027. From the grant date until vesting, Baum will also receive dividend equivalent credits in the form of additional RSUs when the company pays cash dividends, with vested dividend-equivalent RSUs paid in cash.