BEMENT ROBERT S 4
4 · PINNACLE WEST CAPITAL CORP · Filed Feb 20, 2020
Insider Transaction Report
Form 4
BEMENT ROBERT S
SVP, Site Ops PVNGS, APS
Transactions
- Award
Restricted Stock Units
2020-02-18+2,064→ 2,064 total→ Common Stock (2,064 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive the economic equivalent of one share of the Company's common stock. The Restricted Stock Units will be settled, at the reporting person's election, in 100% shares of common stock, 50% in common stock and 50% in cash, or 100% in cash.
- [F2]The Restricted Stock Units award was granted, was effective and vested on February 18, 2020, and will be settled in four equal, annual installments beginning February 19, 2021.