Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Feb 20, 2026
Reporting period
Not applicable
Filed with the SEC
Feb 25, 2026
InsiderOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references vesting of compensation awards
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001628280-26-011348
Filed / recorded
Feb 25, 2026, 1:28 AM UTC
Added to OQRO
Oct 2, 2026, 12:28 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
PINNACLE WEST CAPITAL CORP
Issuer CIK
764622
Ticker
PNW
Reporting person
Heflin Adam C
Relationship
Other
Security
Restricted Stock Units
Table
Derivative (Table II)
Transaction date
Feb 20, 2026
Transaction code
M
Shares / units
1,492
Acquired / disposed
Disposed (D)
Shares owned after
1,496
Ownership form
Direct
Amendment
No
Footnotes from the filing
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.
The number of derivative securities in Column 5 includes 176 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 February 2023, and vests in four equal, annual installments beginning on February 20, 2024.
Includes 180 Restricted Stock Units received in connection with the settlement of dividend equivalent rights.