Bauer Christopher R. 4
4 · PINNACLE WEST CAPITAL CORP · Filed Feb 24, 2026
Insider Transaction Report
Form 4
Bauer Christopher R.
VP and Treasurer
Transactions
- Exercise/Conversion
Common Sock
[F1]2026-02-20+272→ 402 total - Disposition to Issuer
Common Sock
[F2]2026-02-20$98.34/sh−17$1,672→ 385 total - Tax Payment
Common Sock
[F3]2026-02-20$98.34/sh−81$7,966→ 304 total - Exercise/Conversion
Common Sock
[F1]2026-02-20+291→ 595 total - Disposition to Issuer
Common Sock
[F2]2026-02-20$98.34/sh−12$1,180→ 583 total - Tax Payment
Common Sock
[F3]2026-02-20$98.34/sh−89$8,752→ 494 total - Exercise/Conversion
Restricted Stock Unit
[F1][F4][F5][F6]2026-02-20+272→ 540 total→ Common Stock (272 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F7][F8][F9]2026-02-20+291→ 870 total→ Common Stock (291 underlying)
Footnotes (9)
- [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.
- [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 17 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 November 2024, and vests in four equal, annual installments beginning on February 20, 2025.
- [F6]Includes 30 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
- [F7]The number of derivative securities in Column 5 includes 12 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 effective February 2025, and vests in four equal, annual installments beginning February 20, 2026.
- [F9]Includes 33 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
Signature
/s/ Melissa Sallee, Attorney-in-Fact|2026-02-24