Christopher R. Bauer - 20 Feb 2026 Form 4 Insider Report for PINNACLE WEST CAPITAL CORP (PNW)

Role
VP and Treasurer
Signature
/s/ Melissa Sallee, Attorney-in-Fact
Issuer symbol
PNW
Transactions as of
20 Feb 2026
Net transactions value
-$19,570
Form type
4
Filing time
24 Feb 2026, 18:10:27 UTC
Previous filing
19 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Bauer Christopher R. VP and Treasurer 400 NORTH 5TH STREET, PHOENIX /s/ Melissa Sallee, Attorney-in-Fact 24 Feb 2026 0002069494

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNW Common Sock Options Exercise +272 +209% 402 20 Feb 2026 Direct F1
transaction PNW Common Sock Disposed to Issuer $1,672 -17 -4.2% $98.34 385 20 Feb 2026 Direct F2
transaction PNW Common Sock Tax liability $7,966 -81 -21% $98.34 304 20 Feb 2026 Direct F3
transaction PNW Common Sock Options Exercise +291 +96% 595 20 Feb 2026 Direct F1
transaction PNW Common Sock Disposed to Issuer $1,180 -12 -2% $98.34 583 20 Feb 2026 Direct F2
transaction PNW Common Sock Tax liability $8,752 -89 -15% $98.34 494 20 Feb 2026 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PNW Restricted Stock Unit Options Exercise +272 +101% 540 20 Feb 2026 Common Stock 272 Direct F1, F4, F5, F6
transaction PNW Restricted Stock Unit Options Exercise +291 +50% 870 20 Feb 2026 Common Stock 291 Direct F1, F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.