0001209191-23-011437.txt : 20230221
0001209191-23-011437.hdr.sgml : 20230221
20230221200633
ACCESSION NUMBER: 0001209191-23-011437
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230217
FILED AS OF DATE: 20230221
DATE AS OF CHANGE: 20230221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Heflin Adam C
CENTRAL INDEX KEY: 0001331794
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08962
FILM NUMBER: 23650193
MAIL ADDRESS:
STREET 1: 1901 CHOUTEAU AVENUE
STREET 2: P. O. BOX 66149, MC-1370
CITY: ST. LOUIS
STATE: MO
ZIP: 63166-6149
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PINNACLE WEST CAPITAL CORP
CENTRAL INDEX KEY: 0000764622
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 860512431
STATE OF INCORPORATION: AZ
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 400 NORTH FIFTH STREET
STREET 2: MS 8695
CITY: PHOENIX
STATE: AZ
ZIP: 85004
BUSINESS PHONE: 602 250 1000
MAIL ADDRESS:
STREET 1: 400 NORTH FIFTH STREET
STREET 2: MS 8695
CITY: PHOENIX
STATE: AZ
ZIP: 85004
FORMER COMPANY:
FORMER CONFORMED NAME: AZP GROUP INC
DATE OF NAME CHANGE: 19870506
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2023-02-17
0
0000764622
PINNACLE WEST CAPITAL CORP
PNW
0001331794
Heflin Adam C
400 N 5TH ST
PHOENIX
AZ
85004
0
0
0
1
EVP & CNO, APS
Common Stock
2023-02-17
4
M
0
1194
A
1194
D
Common Stock
2023-02-17
4
D
0
41
75.10
D
1153
D
Common Stock
2023-02-17
4
F
0
495
75.10
D
658
D
Common Stock
2023-02-17
4
M
0
3317
A
3975
D
Common Stock
2023-02-17
4
D
0
115
75.10
D
3860
D
Common Stock
2023-02-17
4
F
0
1414
75.10
D
2446
D
Common Stock
6
I
by 401K
Restricted Stock Units
2023-02-17
4
M
0
1194
D
Common Stock
1194
3584
D
Restricted Stock Units
2023-02-17
4
M
0
3317
D
Common Stock
3317
9951
D
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 either in 100% shares of common stock or 100% in cash with respect to Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
Represents the cash settlement of Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
Shares retained by the Company for the purpose of meeting tax withholding requirements. The recipient retained all other shares.
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.
The Restricted Stock Units award was granted and was effective in June 2022, and vests in four equal, annual installments beginning on
February 20, 2023.
Includes 125 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
The number of derivative securities in Column 5 includes 115 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.
Includes 345 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.
/s/ Diane Wood, Attorney-in-Fact
2023-02-21
EX-24
2
poa.txt
POA DOCUMENT
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and
appoints each of Diane Wood and Robert E. Smith, or either of them signing
singly, and with full power of substitution, the undersigneds true and lawful
attorney-in-fact to:
(1) prepare, execute in the undersigneds name and on the undersigneds behalf,
and submit to the U.S. Securities and Exchange Commission (the "SEC") a Form ID,
including amendments thereto, and any other documents necessary or appropriate
to obtain codes and passwords enabling the undersigned to make electronic
filings with the SEC of reports required by Section 16(a) of the Securities
Exchange Act of 1934 or any rule or regulation of the SEC;
(2) execute for and on behalf of the undersigned, in the undersigneds capacity
as an officer and/or director of Pinnacle West Capital Corporation (the
"Company"), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities
Exchange Act of 1934 and the rules thereunder;
(3) do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4, or 5,
complete and execute any amendment or amendments thereto, and timely file such
form with the SEC and any stock exchange or similar authority; and
(4) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney in fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such terms and conditions as such attorney-in-fact may approve in such
attorney-in-facts discretion.
The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-facts substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming,
nor is the Company assuming, any of the undersigneds responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 24th day of May, 2022.
/s/ Adam Heflin
____________________________________
Signature
_________Adam Heflin________
Print Name