GALLAGHER MICHAEL L 4
4 · PINNACLE WEST CAPITAL CORP · Filed May 18, 2018
Insider Transaction Report
Form 4
GALLAGHER MICHAEL L
Director
Transactions
- Award
Stock Units
2018-05-16+1,554→ 1,554 total→ Common Stock (1,554 underlying)
Footnotes (1)
- [F1]Each Stock Unit is the economic equivalent of one share of Pinnacle West common stock. The Stock Units vested on May 16, 2018 and, at the reporting person's election, will be settled in 100% shares of common stock, 50% in cash and 50% in common stock, or 100% in cash. 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.