Bauer Christopher R. 4

4 · PINNACLE WEST CAPITAL CORP · Filed Feb 19, 2026

AI-generated summary of this filing

Updated Feb 19, 2026

Pinnacle West (PNW) VP/Treasurer Christopher R. Bauer Receives RSU Award

What Happened

Christopher R. Bauer, VP and Treasurer of Pinnacle West Capital Corp. (PNW), received a grant of 1,140 Restricted Stock Units (RSUs) on February 17, 2026. The award is a derivative compensation grant (code A); no purchase price or immediate cash value is reported. RSUs will be settled in the company’s common stock when they vest.

Key Details

Transaction date: 2026-02-17 (Form 4 filed 2026-02-19 — filed within the two-business-day window).
Transaction type/code: Award/Grant (A) of 1,140 Restricted Stock Units; price: N/A.
Shares owned after transaction: Not disclosed on this Form 4.
Footnotes: (1) Each RSU represents a contingent right to one share and will be settled in common stock; dividend equivalents will be credited as additional RSUs from grant until vesting, and vested dividend equivalents will be paid in cash. (2) The RSU award vests in four equal annual installments beginning February 20, 2027.
Filing timeliness: Timely (no late filing indicated).

Context

This is a compensation award (RSUs), not an open-market purchase or sale. RSUs are typically used for retention and align executive pay with shareholder value; they do not represent immediate share ownership until vested/settled.

Form 4

Period: 2026-02-17

VP and Treasurer

Transactions

Award
Restricted Stock Unit
[F1][F2]
2026-02-17+1,140→ 1,140 total
→ Common Stock (1,140 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.

Signature

/s/ Melissa Sallee, Attorney-in-Fact|2026-02-19

1 file