Esparza Jose Luis Jr 4
4 · PINNACLE WEST CAPITAL CORP · Filed Feb 24, 2026
Insider Transaction Report
Form 4
Esparza Jose Luis Jr
Other
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-20+491→ 4,331 total - Disposition to Issuer
Common Stock
[F2]2026-02-20$98.34/sh−86$8,457→ 4,245 total - Tax Payment
Common Stock
[F3]2026-02-20$98.34/sh−196$19,275→ 4,049 total - Exercise/Conversion
Common Stock
[F1]2026-02-20+379→ 4,428 total - Disposition to Issuer
Common Stock
[F2]2026-02-20$98.34/sh−41$4,032→ 4,387 total - Tax Payment
Common Stock
[F3]2026-02-20$98.34/sh−163$16,029→ 4,224 total - Exercise/Conversion
Common Stock
[F1]2026-02-20+473→ 4,697 total - Disposition to Issuer
Common Stock
[F2]2026-02-20$98.34/sh−38$3,737→ 4,659 total - Tax Payment
Common Stock
[F3]2026-02-20$98.34/sh−199$19,570→ 4,460 total - Exercise/Conversion
Common Stock
[F1]2026-02-20+521→ 4,981 total - Disposition to Issuer
Common Stock
[F2]2026-02-20$98.34/sh−20$1,967→ 4,961 total - Tax Payment
Common Stock
[F3]2026-02-20$98.34/sh−215$21,143→ 4,746 total - Exercise/Conversion
Restricted Stock Units
[F1][F4][F5]2026-02-20+491→ 0 total→ Common Stock (491 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6][F7][F8]2026-02-20+379→ 387 total→ Common Stock (379 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F9][F10][F11]2026-02-20+473→ 943 total→ Common Stock (473 underlying) - Award
Restricted Stock Units
[F1][F12][F13][F14]2026-02-20+521→ 1,563 total→ Common Stock (521 underlying)
Footnotes (14)
- [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 Restricted Stock Units award was granted and was effective in February 2024, and vests in four equal, annual installments beginning on February 20, 2025.
- [F11]Includes 73 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
- [F12]The number of derivative securities in Column 5 includes 20 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.
- [F13]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.
- [F14]Includes 60 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 86 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 January 2022, and vests in four equal, annual installments beginning on February 20, 2023.
- [F6]The number of derivative securities in Column 5 includes 41 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.
- [F7]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.
- [F8]Includes 49 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
- [F9]The number of derivative securities in Column 5 includes 38 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.
Signature
/s/ Melissa Sallee, Attorney-in-Fact|2026-02-24