<SEC-DOCUMENT>0001628280-24-036026.txt : 20240808
<SEC-HEADER>0001628280-24-036026.hdr.sgml : 20240808
<ACCEPTANCE-DATETIME>20240808143112
ACCESSION NUMBER:		0001628280-24-036026
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240808
DATE AS OF CHANGE:		20240808

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PINNACLE WEST CAPITAL CORP
		CENTRAL INDEX KEY:			0000764622
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		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:		241187590

	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:			Mountain Paul J
		CENTRAL INDEX KEY:			0001929738
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		400 N 5TH ST
		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:com="http://www.sec.gov/edgar/common">
  <!-- Generated by Workiva -->
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001929738</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>
        <com:street1>400 North 5th Streeet</com:street1>
        <com:street2>P.O. Box 53999</com:street2>
        <com:city>Phoenix</com:city>
        <com:stateOrCountry>AZ</com:stateOrCountry>
        <com:zipCode>85004</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>602-250-3958</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Mountain Family Trust/Paul J. Mountain</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Wells Fargo</name>
        <address>
          <com:street1>2025 East Beltline S.E. Suite 501</com:street1>
          <com:city>Grand Rapids</com:city>
          <com:stateOrCountry>MI</com:stateOrCountry>
          <com:zipCode>49546</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>2700</noOfUnitsSold>
      <aggregateMarketValue>230364</aggregateMarketValue>
      <noOfUnitsOutstanding>113611506</noOfUnitsOutstanding>
      <approxSaleDate>08/08/2024</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/16/2016</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>39</amountOfSecuritiesAcquired>
      <paymentDate>02/16/2016</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/21/2017</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>321</amountOfSecuritiesAcquired>
      <paymentDate>02/21/2017</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/20/2018</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>377</amountOfSecuritiesAcquired>
      <paymentDate>02/20/2018</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/19/2019</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>365</amountOfSecuritiesAcquired>
      <paymentDate>02/19/2019</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/20/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Dividend Equivalent</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>12</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>27</amountOfSecuritiesAcquired>
      <paymentDate>11/09/2020</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/18/2020</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>663</amountOfSecuritiesAcquired>
      <paymentDate>02/18/2020</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/19/2021</acquiredDate>
      <natureOfAcquisitionTransaction>Dividend Equivalent</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>20</amountOfSecuritiesAcquired>
      <paymentDate>02/19/2021</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>11/04/2021</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>41</amountOfSecuritiesAcquired>
      <paymentDate>11/04/2021</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/18/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Dividend Equivalent</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>26</amountOfSecuritiesAcquired>
      <paymentDate>02/18/2022</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/16/2021</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>02/16/2021</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>10/19/2022</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>37</amountOfSecuritiesAcquired>
      <paymentDate>10/19/2022</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/17/2023</acquiredDate>
      <natureOfAcquisitionTransaction>Dividend Equivalent</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>26</amountOfSecuritiesAcquired>
      <paymentDate>02/17/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>02/22/2022</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>215</amountOfSecuritiesAcquired>
      <paymentDate>02/22/2022</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>05/16/2022</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>22</amountOfSecuritiesAcquired>
      <paymentDate>05/16/2022</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>03/01/2023</acquiredDate>
      <natureOfAcquisitionTransaction>Dividend Reinvest</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>26</amountOfSecuritiesAcquired>
      <paymentDate>03/01/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>06/01/2023</acquiredDate>
      <natureOfAcquisitionTransaction>Dividend Reinvest</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>30</amountOfSecuritiesAcquired>
      <paymentDate>06/01/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>09/01/2023</acquiredDate>
      <natureOfAcquisitionTransaction>Dividend Reinvest</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>30</amountOfSecuritiesAcquired>
      <paymentDate>09/01/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>10/17/2023</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>59</amountOfSecuritiesAcquired>
      <paymentDate>10/17/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <acquiredDate>12/01/2023</acquiredDate>
      <natureOfAcquisitionTransaction>Dividend Reinvest</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Pinnacle West Capital Corporation</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>37</amountOfSecuritiesAcquired>
      <paymentDate>12/01/2023</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>Aggregate value based on 8/6/24 stock price.  Number of shares outstanding as of 7/25/24. Form 144 is providing information regarding proposed sales on behalf of the Mountain Family Trust, for which Paul Mountain is a trustee.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>08/08/2024</noticeDate>
      <signature>/s/ Paul J. Mountain</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
