Baum Shirley A 4
4 · PINNACLE WEST CAPITAL CORP · Filed Feb 24, 2026
Insider Transaction Report
Form 4
Baum Shirley A
SVP and GC
Transactions
- Exercise/Conversion
Common Sock
[F1]2026-02-20+169→ 3,480 total - Disposition to Issuer
Common Sock
[F2]2026-02-20$98.34/sh−32$3,147→ 3,448 total - Tax Payment
Common Sock
[F3]2026-02-20$98.34/sh−66$6,490→ 3,382 total - Exercise/Conversion
Common Sock
[F1]2026-02-20+198→ 3,580 total - Disposition to Issuer
Common Sock
[F2]2026-02-20$98.34/sh−32$3,147→ 3,548 total - Tax Payment
Common Sock
[F3]2026-02-20$98.34/sh−80$7,867→ 3,468 total - Exercise/Conversion
Common Sock
[F1]2026-02-20+433→ 3,901 total - Disposition to Issuer
Common Sock
[F2]2026-02-20$98.34/sh−53$5,212→ 3,848 total - Tax Payment
Common Sock
[F3]2026-02-20$98.34/sh−183$17,996→ 3,665 total - Exercise/Conversion
Common Sock
[F1]2026-02-20+589→ 4,254 total - Disposition to Issuer
Common Sock
[F2]2026-02-20$98.34/sh−46$4,524→ 4,208 total - Tax Payment
Common Sock
[F3]2026-02-20$98.34/sh−241$23,700→ 3,967 total - Exercise/Conversion
Common Sock
[F1]2026-02-20+869→ 4,836 total - Disposition to Issuer
Common Sock
[F2]2026-02-20$98.34/sh−34$3,344→ 4,802 total - Tax Payment
Common Sock
[F3]2026-02-20$98.34/sh−358$35,206→ 4,444 total - Exercise/Conversion
Restricted Stock Unit
[F1][F4][F5]2026-02-20+169→ 0 total→ Common Stock (169 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F4][F6]2026-02-20+198→ 0 total→ Common Stock (198 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F7][F8][F9]2026-02-20+433→ 430 total→ Common Stock (433 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F10][F11][F12]2026-02-20+589→ 1,177 total→ Common Stock (589 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F13][F14][F15]2026-02-20+869→ 2,605 total→ Common Stock (869 underlying)
Footnotes (15)
- [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 in 100% shares of common stock.
- [F10]The number of derivative securities in Column 5 includes 46 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
- [F11]The Restricted Stock Units award was granted and was effective in February 2024, and vests in four equal, annual installments beginning on February 20, 2025.
- [F12]Includes 91 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
- [F13]The number of derivative securities in Column 5 includes 34 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
- [F14]The Restricted Stock Units award was granted and was effective in February 2025, and vests in four equal, annual installments beginning on February 20, 2026.
- [F15]Includes 100 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
- [F2]Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
- [F3]Shares retained by the Company for purpose of meeting tax withholding requirements. The recipient retained all other shares.
- [F4]The number of derivative securities in Column 5 includes 32 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
- [F5]The Restricted Stock Units award was granted and was effective in February 2022, and vests in four equal, annual installments beginning on February 20, 2023.
- [F6]The Restricted Stock Units award was granted and was effective in Mach 2022, and vests in four equal, annual installments beginning on February 20, 2023.
- [F7]The number of derivative securities in Column 5 includes 53 vested Restricted Stock Units received in connection with the settlement of dividend equivalent rights. Dividend equivalent rights accrue with respect to these Restricted Stock Units when and as cash dividends are paid on the Company's common stock.
- [F8]The Restricted Stock Units award was granted and was effective in February 2023, and vests in four equal, annual installments beginning on February 20, 2024.
- [F9]Includes 50 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
Signature
/s/ Melissa Sallee, Attorney-in-Fact|2026-02-24