Tetlow Jacob 4

What Happened

• Jacob Tetlow, EVP and COO (APS), sold a total of 6,567 Pinnacle West (PNW) shares in open-market transactions on May 13, 2026. He sold 6,526 shares at $99.00 each (proceeds $646,074) and 41 shares at $99.01 each (proceeds $4,059), for combined proceeds of approximately $650,133. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: May 13, 2026 (two trades: 6,526 @ $99.00; 41 @ $99.01)
• Total shares sold: 6,567; total proceeds: ~$650,133
• Transaction type/code: Open-market sale (S)
• Shares owned after transaction: Not specified in the reported Form 4
• Footnotes/plan: No 10b5-1 plan, tax-withholding, or other footnotes disclosed in the filing
• Filing timeliness: Report filed May 14, 2026 (appears timely; Form 4s are generally due within two business days)

Context

• This was a straightforward open-market sale of existing shares. Sales by insiders can be routine (diversification, tax planning, or other personal reasons) and do not by themselves indicate company performance; purchases are generally considered more informative about insider sentiment.