Esparza Jose Luis Jr 4
4 · PINNACLE WEST CAPITAL CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Pinnacle West (PNW) SVP Jose Luis Esparza Receives RSUs
What Happened
Jose Luis Esparza, Senior Vice President of Public Policy at Pinnacle West Capital Corp (PNW), was granted 1,824 Restricted Stock Units (RSUs) on February 17, 2026. The award is a derivative compensation grant (no cash purchase) and will be settled in common stock when vested. The filing does not state a dollar value for the award.
Key Details
- Transaction date: 2026-02-17 (reported on Form 4 filed 2026-02-19). Filing appears timely.
- Transaction type/code: Award/Grant (A) — 1,824 RSUs (derivative; acquisition price N/A).
- Vesting: Four equal annual installments beginning February 20, 2027.
- Settlement: RSUs will be settled in common stock upon vesting.
- Dividend equivalents: Recipient will receive additional RSUs for dividends declared between grant and vesting; vested dividend equivalents will be paid in cash (see footnotes).
- Shares owned after transaction: Not specified in the filing.
Context
RSUs are a common form of long-term compensation and are typically intended as retention/incentive awards; they do not represent an open-market purchase or sale. Because this is a compensation grant that vests over time, it should be interpreted as part of Esparza’s pay package rather than an immediate market sentiment signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-17+1,824→ 1,824 total→ Common Stock (1,824 underlying)
Footnotes (2)
- [F1]On February 17, 2026, the recipient received the number specified above of Restricted Stock Units and related Dividend Equivalents. 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 in common stock. When the Company declares a cash dividend on its stock from the date of grant until the applicable vesting date, the recipient will be credited with additional Restricted Stock Units in satisfaction of the Dividend Equivalents Award. Vested Restricted Stock Units in satisfaction of the Dividend Equivalents Award will be made in cash.
- [F2]The Restricted Stock Units award was granted and was effective in February 2026, and vests in four equal, annual installments beginning on February 20, 2027.