Welcome to our dedicated page for Pinnacl West Cap SEC filings (Ticker: PNW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Pinnacle West Capital Corporation filings document the reporting obligations of the holding company and Arizona Public Service, including combined Form 8-K reports filed or furnished by each registrant for its own information. Recent 8-K disclosures cover operating and financial results, earnings outlook materials, Regulation FD presentations, investor-meeting handouts, and the company’s NYSE-listed common stock.
Proxy filings describe shareholder voting matters, board governance, executive compensation, equity awards, pension-related compensation measures, and related annual meeting disclosures. The filing record also documents capital-structure information and regulatory-risk context for an Arizona electric utility business subject to energy, environmental, nuclear, tax and market-regulation requirements.
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.
Pinnacle West Capital Corporation and its utility subsidiary Arizona Public Service Company (APS) have strengthened their liquidity by replacing and expanding their revolving credit facilities and extending their maturities to February 18, 2031.
Pinnacle West entered into a third amended and restated unsecured revolving credit facility of up to $300 million, replacing a prior $200 million facility that would have expired in 2028. APS entered into an amended and restated unsecured revolving credit facility of up to $1.7 billion, up from $1.25 billion. Both facilities support general corporate purposes, including backing commercial paper and issuing letters of credit, and carry interest rates tied to each borrower’s senior unsecured debt ratings. The agreements include customary covenants on leverage, liens, ownership, and change of control, with standard default remedies.
The filing also details 2026 annual incentive plans for key executives, with target awards ranging from 70% to 125% of base salary and maximum opportunities up to 250%, all tied to APS earnings and business unit performance metrics such as safety, customer experience, financial health, reliability, and nuclear operations, and subject to clawback.
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.