Tetlow Jacob 4

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

AI-generated summary of this filing

Updated Feb 19, 2026

Pinnacle West (PNW) EVP Jacob Tetlow Receives RSU Award

What Happened

Jacob Tetlow, EVP and COO of Pinnacle West Capital Corp (PNW / APS), was granted 5,464 Restricted Stock Units (RSUs) on February 17, 2026. The award is a derivative grant (not an open-market buy or sale) and will be settled in common stock when vested. No per-share price or immediate cash value is disclosed in the filing.

Key Details

Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (filed timely).
Award type: Restricted Stock Units (derivative); amount: 5,464 RSUs.
Vesting: Four equal annual installments beginning February 20, 2027.
Dividend treatment: Dividend equivalents accrue as additional RSUs from grant date until vesting; vested dividend equivalents will be paid in cash (see footnote).
Shares owned after the transaction: Not specified in the Form 4 filing.
Footnotes: F1 describes RSU settlement and dividend equivalent treatment; F2 confirms grant effective Feb 2026 and the four-year vesting schedule.

Context

RSU grants are standard executive compensation and do not represent an immediate purchase or sale of shares. These awards typically incentivize retention and align executives with shareholder interests as they vest over time.

Form 4

Period: 2026-02-17

Other

Transactions

Award
Restricted Stock Units
[F1][F2]
2026-02-17+5,464→ 5,464 total
→ Common Stock (5,464 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