Blankenship Elizabeth A 4
4 · PINNACLE WEST CAPITAL CORP · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Pinnacle West (PNW) VP Elizabeth Blankenship Receives RSU Award
What Happened Elizabeth A. Blankenship, Vice President, Controller and Chief Accounting Officer of Pinnacle West Capital Corp (PNW), received a grant of 1,772 Restricted Stock Units (RSUs) on February 17, 2026. The filing shows this as an award (transaction code A); no cash changed hands and no per-share price is reported because this is a grant of derivative compensation that will convert to common stock when vested.
Key Details
- Transaction date: February 17, 2026 (filed Feb 19, 2026). Transaction code: A (award/grant).
- Award size: 1,772 RSUs; price listed as N/A (grant of units, not an open-market trade).
- Vesting: RSUs vest in four equal annual installments beginning February 20, 2027 (per footnote).
- Settlement: RSUs will be settled in common stock. Dividend equivalents credited as additional RSUs from grant date until vesting; vested dividend equivalents paid in cash.
- Shares owned after transaction: Not reported in the provided Form 4 excerpt.
- Timeliness: Filing appears timely (reported two days after the grant).
Context RSUs are a common form of executive compensation—this award represents a contingent right to receive shares in the future subject to vesting and does not represent an immediate buy or sell. Because vesting occurs over multiple years, the grant is primarily a retention/compensation event rather than an immediate market sentiment signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-17+1,772→ 1,772 total→ Common Stock (1,772 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.