BRYAN GLYNIS 4

What Happened

• Glynis Bryan, a director of Pinnacle West Capital Corp. (PNW), was credited with 1,665 Stock Units as an award/vesting event on May 14, 2026. The filing reports these as derivative units (no cash purchase or sale and no per-share price reported). The units vested on May 14, 2026 and will be settled in shares of common stock.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (filed on the reporting deadline).
• Transaction type: Award/Grant (derivative stock units), 1,665 units; price reported as N/A.
• Settlement: Each Stock Unit equals one share and will be settled in common stock; the reporting person elected to defer settlement until the last business day of the month following the month in which they separate from service.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filed on May 18, 2026 — consistent with the Form 4 deadline following the May 14 vesting.

Context

• This was an equity award/vesting event rather than an open-market buy or sale. Such grants are common for director compensation and do not by themselves indicate buying or selling sentiment. Because settlement is deferred, the actual issuance of shares will occur later (upon the director’s separation from service, per the election).