<SEC-DOCUMENT>0000950170-23-068947.txt : 20231208
<SEC-HEADER>0000950170-23-068947.hdr.sgml : 20231208
<ACCEPTANCE-DATETIME>20231208102658
ACCESSION NUMBER:		0000950170-23-068947
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20231208
DATE AS OF CHANGE:		20231208

SUBJECT COMPANY:	

	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

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-08962
		FILM NUMBER:		231474258

	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

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Smith Robert Edgar
		CENTRAL INDEX KEY:			0001628362

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		400 NORTH FIFTH STREET
		STREET 2:		MAIL STATION 8602
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<headerData>
<submissionType>144</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001628362</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>
</filerInfo>
</headerData>
<formData>
<issuerInfo>
<issuerCik>0000764622</issuerCik>
<issuerName>Pinnacle West Capital Corporation</issuerName>
<secFileNumber>001-08962</secFileNumber>
<issuerAddress>
<street1 xmlns="http://www.sec.gov/edgar/common">400 North Fifth Street, P.O. Box 53999</street1>
<city xmlns="http://www.sec.gov/edgar/common">Phoenix</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">AZ</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">85072-3999</zipCode>
</issuerAddress>
<issuerContactPhone>(602)-250-1000</issuerContactPhone>
<nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Robert E. Smith</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
<relationshipsToIssuer>
<relationshipToIssuer>Officer</relationshipToIssuer>
</relationshipsToIssuer>
</issuerInfo>
<securitiesInformation>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>E*TRADE from Morgan Stanley</name>
<address>
<street1 xmlns="http://www.sec.gov/edgar/common">PO Box 484</street1>
<city xmlns="http://www.sec.gov/edgar/common">Jersey City</city>
<stateOrCountry xmlns="http://www.sec.gov/edgar/common">NJ</stateOrCountry>
<zipCode xmlns="http://www.sec.gov/edgar/common">07303-0484</zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>1610</noOfUnitsSold>
<aggregateMarketValue>122698.10</aggregateMarketValue>
<noOfUnitsOutstanding>113398346</noOfUnitsOutstanding>
<approxSaleDate>12/08/2023</approxSaleDate>
<securitiesExchangeName>NYSE</securitiesExchangeName>
</securitiesInformation>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/20/2019</acquiredDate>
<natureOfAcquisitionTransaction>Stock issued in connection with awards granted under the Company's Long Term Incentive Plan</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>338</amountOfSecuritiesAcquired>
<paymentDate>02/20/2019</paymentDate>
<natureOfPayment>N/A</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>02/20/2020</acquiredDate>
<natureOfAcquisitionTransaction>Stock issued in connection with awards granted under the Company's Long Term Incentive Plan</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>946</amountOfSecuritiesAcquired>
<paymentDate>02/20/2020</paymentDate>
<natureOfPayment>N/A</natureOfPayment>
</securitiesToBeSold>
<securitiesToBeSold>
<securitiesClassTitle>Common Stock</securitiesClassTitle>
<acquiredDate>11/09/2020</acquiredDate>
<natureOfAcquisitionTransaction>Stock issued in connection with awards granted under the Company's Long Term Incentive Plan</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>326</amountOfSecuritiesAcquired>
<paymentDate>11/09/2020</paymentDate>
<natureOfPayment>N/A</natureOfPayment>
</securitiesToBeSold>
<nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
<remarks>Aggregate value based on 12/6/2023 stock price.  Number of shares outstanding as of 10/27/2023.  The filing of this Form 144 shall not be construed as an admission that the undersigned is an Affiliate of the Issuer.  </remarks>
<noticeSignature>
<noticeDate>12/08/2023</noticeDate>
<signature>/s/ Robert E. Smith</signature>
</noticeSignature>
</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
