FINHUB Insights

What the executives and directors of Pinnacle West Capital actually did with their own shares, decoded from three years of SEC Form 4 filings.

−$1.3M net open-market flow, 12 m
0 open-market buys, 12 m
0% of sale value on 10b5-1 plans
731 days since an insider bought

The tape: three years of insider trades

Open-market buy Discretionary sale Planned sale (10b5-1) Reported-price path Routine
$50$1002024Jul2025Jul2026JulGULDNER JEFFREY B. — routine flow, 25.6K (2023-10-17)Smith Robert Edgar — routine flow, 4,668 (2023-10-17)Easterly Donna M — routine flow, 2,359 (2023-10-17)Blankenship Elizabeth A — routine flow, 1,047 (2023-10-17)Geisler Theodore N — routine flow, 6,065 (2023-10-17)Cooper Andrew D — routine flow, 1,618 (2023-10-17)Tetlow Jacob — routine flow, 2,022 (2023-10-17)Mountain Paul J — routine flow, 1,827 (2023-10-17)Smith Robert Edgar — routine flow, 690 (2023-12-11)Heflin Adam C — routine flow, 8,568 (2024-02-20)GULDNER JEFFREY B. — routine flow, 41.1K (2024-02-20)Smith Robert Edgar — routine flow, 7,268 (2024-02-20)Blankenship Elizabeth A — routine flow, 2,214 (2024-02-20)Esparza Jose Luis Jr — routine flow, 1,055 (2024-02-20)Geisler Theodore N — routine flow, 21.6K (2024-02-20)Cooper Andrew D — routine flow, 5,704 (2024-02-20)Tetlow Jacob — routine flow, 6,897 (2024-02-20)Mountain Paul J — routine flow, 4,334 (2024-02-20)NORDSTROM BRUCE J — routine flow, 1,908 (2024-05-22)GULDNER JEFFREY B. — routine flow, 34.3K (2024-10-22)Smith Robert Edgar — routine flow, 5,739 (2024-10-22)Blankenship Elizabeth A — routine flow, 1,183 (2024-10-22)Geisler Theodore N — routine flow, 14.5K (2024-10-22)Cooper Andrew D — routine flow, 1,323 (2024-10-22)Tetlow Jacob — routine flow, 4,756 (2024-10-22)Mountain Paul J — routine flow, 2,105 (2024-10-22)Smith Robert Edgar — routine flow, 826 (2024-12-10)Heflin Adam C — routine flow, 10.9K (2025-02-20)GULDNER JEFFREY B. — routine flow, 30.7K (2025-02-20)Smith Robert Edgar — routine flow, 5,833 (2025-02-20)Blankenship Elizabeth A — routine flow, 2,323 (2025-02-20)Esparza Jose Luis Jr — routine flow, 1,677 (2025-02-20)Geisler Theodore N — routine flow, 17.7K (2025-02-20)Cooper Andrew D — routine flow, 8,174 (2025-02-20)Tetlow Jacob — routine flow, 6,037 (2025-02-20)Mountain Paul J — routine flow, 4,281 (2025-02-20)Smith Robert Edgar — routine flow, 1,053 (2025-03-10)Heflin Adam C — routine flow, 31.3K (2025-03-18)GULDNER JEFFREY B. — routine flow, 129.2K (2025-03-18)Smith Robert Edgar — routine flow, 24.4K (2025-03-18)Blankenship Elizabeth A — routine flow, 4,339 (2025-03-18)Esparza Jose Luis Jr — routine flow, 4,369 (2025-03-18)Geisler Theodore N — routine flow, 57.8K (2025-03-18)Cooper Andrew D — routine flow, 19.6K (2025-03-18)Tetlow Jacob — routine flow, 17.9K (2025-03-18)Mountain Paul J — routine flow, 9,228 (2025-03-18)SPENCE WILLIAM H — routine flow, 1,783 (2025-05-21)TREVATHAN JAMES E JR — routine flow, 1,783 (2025-05-21)FOX RICHARD P — routine flow, 1,783 (2025-05-21)Sims Paula J — routine flow, 1,783 (2025-05-21)Heflin Adam C — routine flow, 11.7K (2026-02-20)Blankenship Elizabeth A — routine flow, 2,528 (2026-02-20)Esparza Jose Luis Jr — routine flow, 2,637 (2026-02-20)Geisler Theodore N — routine flow, 24.5K (2026-02-20)Cooper Andrew D — routine flow, 10.7K (2026-02-20)Tetlow Jacob — routine flow, 7,113 (2026-02-20)Bauer Christopher R. — routine flow, 733 (2026-02-20)Baum Shirley A — routine flow, 3,186 (2026-02-20)Heflin Adam C — routine flow, 30.5K (2026-03-18)Blankenship Elizabeth A — routine flow, 3,831 (2026-03-18)Esparza Jose Luis Jr — routine flow, 5,114 (2026-03-18)Geisler Theodore N — routine flow, 58.1K (2026-03-18)Cooper Andrew D — routine flow, 24.9K (2026-03-18)Tetlow Jacob — routine flow, 28.8K (2026-03-18)Baum Shirley A — routine flow, 3,833 (2026-03-18)SPENCE WILLIAM H — routine flow, 1,665 (2026-05-14)Sims Paula J — routine flow, 1,665 (2026-05-14)Routine: vests, tax, giftsGeisler Theodore N (Other) — Discretionary sale: 1,491 @ $79.93 = $119K (2023-08-24)×3Smith Robert Edgar (Officer) — Discretionary sale: 1,610 @ $75.95 = $122K (2023-12-08)Mountain Paul J (Officer) — Discretionary sale: 2,700 @ $85.28 = $230K (2024-08-08)Smith Robert Edgar (Officer) — Discretionary sale: 4,950 @ $85.8 = $425K (2024-08-09)Tetlow Jacob (Other) — Discretionary sale: 9,474 @ $90.8 = $860K (2024-11-13)Tetlow Jacob (Other) — Discretionary sale: 2,272 @ $93.41 = $212K (2025-03-03)Mountain Paul J (Officer) — Discretionary sale: 1,503 @ $93.93 = $141K (2025-05-06)Tetlow Jacob (Other) — Discretionary sale: 6,496 @ $92.37 = $600K (2025-08-11)Tetlow Jacob (Other) — Discretionary sale: 6,567 @ $99 = $650K (2026-05-13)Flanagan Susan T. (Director) — Open-market buy: 500 @ $86.54 = $43K (2024-08-05)Tetlow $860KTetlow $650K

Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.

Where the shares went, last 12 months

Granted: 98.4KGranted 98.4KVested / exercised: 38.9KVested / exercised 38.9KWithheld for tax: 63.7KWithheld for tax 63.7KDiscretionary sales: 13.1KDiscretionary sales 13.1KGifts: 17.8KGifts 17.8KKept: 42.9KKept 42.9K

Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.

Who holds what

Insider Role Shares held Buys 12 m Sales 12 m 12 m Last trade
GULDNER JEFFREY B. Chairman, President and CEO CEO 184.4K 2019-03-08
Geisler Theodore N Chairman, CEO and President CEO 74.3K 2023-08-24
NORDSTROM BRUCE J Director 73.6K 2020-03-05
Heflin Adam C Other 50.5K
Cooper Andrew D SVP & CFO CFO 37.9K
Smith Robert Edgar EVP, CLO, and CDO Officer 27.1K 2024-08-09
Blankenship Elizabeth A VP, Controller and CAO Officer 13K
Sims Paula J Director 11K
FOX RICHARD P Director 10.6K
Easterly Donna M Other 10.2K 2019-03-14
Esparza Jose Luis Jr Other 8,493
Mountain Paul J VP, Finance and Planning Officer 7,887 2025-05-06
Baum Shirley A SVP and GC Officer 7,225
Tetlow Jacob Other 6,675 $1.3M 2026-05-13

Open-market trade log

Date Insider Type Shares Price Value Since trade Filed
2026-05-13 Tetlow Jacob (Other) Discretionary sale 41 $99.01 $4K 0% 2026-05-14
2026-05-13 Tetlow Jacob (Other) Discretionary sale 6,526 $99.00 $646K +0% 2026-05-14
2025-08-11 Tetlow Jacob (Other) Discretionary sale 6,496 $92.37 $600K +7.2% 2025-08-12
2025-05-06 Mountain Paul J (Officer) Discretionary sale 592 $93.97 $56K +5.4% 2025-05-06
2025-05-06 Mountain Paul J (Officer) Discretionary sale 911 $93.91 $86K +5.4% 2025-05-06
2025-03-03 Tetlow Jacob (Other) Discretionary sale 678 $93.44 $63K +6% 2025-03-04
2025-03-03 Tetlow Jacob (Other) Discretionary sale 1,594 $93.40 $149K +6% 2025-03-04
2024-11-13 Tetlow Jacob (Other) Discretionary sale 9,474 $90.80 $860K +9% 2024-11-13
2024-08-09 Smith Robert Edgar (Officer) Discretionary sale 4,950 $85.80 $425K +15.4% 2024-08-12
2024-08-08 Mountain Paul J (Officer) Discretionary sale 2,700 $85.28 $230K +16.1% 2024-08-09
2024-08-05 Flanagan Susan T. (Director) Open-market buy 500 $86.54 $43K +14.4% 2024-10-24 late
2023-12-08 Smith Robert Edgar (Officer) Discretionary sale 1,610 $75.95 $122K +30.4% 2023-12-11
2023-08-24 Geisler Theodore N (Other) Discretionary sale 1 $79.29 $79 +24.9% 2023-08-25
2023-08-24 Geisler Theodore N (Other) Discretionary sale 6 $79.80 $479 +24.1% 2023-08-25
2023-08-24 Geisler Theodore N (Other) Discretionary sale 1,484 $79.93 $119K +23.9% 2023-08-25
2022-12-06 Lockwood Barbara D (Other) Discretionary sale 689 $77.88 $54K +27.1% 2022-12-08
2022-05-17 Lockwood Barbara D (Other) Discretionary sale 3,489 $74.25 $259K +33.4% 2022-05-18
2021-11-09 HATFIELD JAMES R (CEO) Discretionary sale 3,327 $63.76 $212K +55.3% 2021-11-10
2021-10-12 Geisler Theodore N (Other) Discretionary sale 247 $67.58 $17K +46.5% 2023-08-22 late
2020-03-05 NORDSTROM BRUCE J (Director) Discretionary sale 4,742 $98.79 $468K 2020-03-09
2020-02-26 FROETSCHER DANIEL T (Other) Discretionary sale 2,500 $98.18 $245K 2020-02-28
2020-02-25 HATFIELD JAMES R (Officer) Discretionary sale 2,295 $100.51 $231K 2020-02-27
2020-02-25 HATFIELD JAMES R (Officer) Discretionary sale 6,899 $99.91 $689K 2020-02-27
2020-02-25 HATFIELD JAMES R (Officer) Discretionary sale 10.8K $98.72 $1.1M 2020-02-27
2020-02-25 Nickloy Lee R. (Officer) Discretionary sale 1,628 $100.61 $164K 2020-02-27
2019-11-13 Lockwood Barbara D (Other) Discretionary sale 1,750 $86.19 $151K 2019-11-15
2019-05-13 GALLAGHER MICHAEL L (Director) Discretionary sale 5,000 $95.90 $480K 2019-05-15
2019-05-03 Cortese Denis A. (Director) Discretionary sale 3,014 $94.12 $284K 2019-05-07
2019-03-14 Easterly Donna M (Other) Discretionary sale 2,358 $95.67 $226K 2019-03-18
2019-03-11 NORDSTROM BRUCE J (Director) Discretionary sale 3,374 $93.44 $315K 2019-03-13
2019-03-08 GULDNER JEFFREY B. (Officer) Discretionary sale 1,395 $92.46 $129K 2019-03-12
2019-02-28 HATFIELD JAMES R (CFO) Discretionary sale 3,000 $92.89 $279K 2019-03-04
2019-02-27 BRANDT DONALD E (CEO) Discretionary sale 30K $92.85 $2.8M 2019-03-01
2019-02-27 Danner Denise R (Officer) Discretionary sale 3,278 $92.88 $304K 2019-03-01
2019-02-26 Nickloy Lee R. (Officer) Discretionary sale 1,000 $93.50 $94K 2019-02-28
2018-12-13 FROETSCHER DANIEL T (Other) Discretionary sale 2,558 $92.20 $236K 2018-12-17
2018-12-13 BEMENT ROBERT S (Other) Discretionary sale 4,700 $91.22 $429K 2018-12-17
2018-11-27 Danner Denise R (Officer) Discretionary sale 3,320 $88.78 $295K 2018-11-29
2018-11-14 BRANDT DONALD E (CEO) Discretionary sale 300 $89.17 $27K 2018-11-16
2018-11-14 BRANDT DONALD E (CEO) Discretionary sale 15.6K $88.58 $1.4M 2018-11-16
2018-09-09 MUNRO KATHRYN L (Director) Discretionary sale 2,468 $76.99 $190K 2022-09-13 late
2018-05-29 Schiavoni Mark A. (Other) Discretionary sale 9,534 $79.02 $753K 2018-05-31
2018-03-14 HERBERGER ROY A JR (Director) Discretionary sale 2,126 $76.25 $162K 2018-03-16
2018-03-13 HATFIELD JOHN S. (Other) Discretionary sale 2,145 $76.14 $163K 2018-03-15
2018-03-07 MUNRO KATHRYN L (Director) Discretionary sale 2,666 $75.36 $201K 2018-03-09
2018-03-01 BRANDT DONALD E (CEO) Discretionary sale 11.7K $77.64 $911K 2018-03-05
2018-03-01 BRANDT DONALD E (CEO) Discretionary sale 27.4K $77.05 $2.1M 2018-03-05
2018-02-27 HATFIELD JAMES R (CFO) Discretionary sale 15K $79.99 $1.2M 2018-03-01
2018-02-27 Nickloy Lee R. (Officer) Discretionary sale 2,000 $78.78 $158K 2018-03-01
2018-01-19 BRANDT DONALD E (CEO) Discretionary sale 24.2K $79.21 $1.9M 2018-01-22
2017-12-14 Falck David P (Officer) Discretionary sale 4,500 $89.07 $401K 2017-12-18
2017-11-09 GALLAGHER MICHAEL L (Director) Discretionary sale 2,012 $89.37 $180K 2017-11-14
2017-11-09 BRANDT DONALD E (CEO) Discretionary sale 18.2K $89.54 $1.6M 2017-11-14
2017-08-25 MUNRO KATHRYN L (Director) Discretionary sale 1,806 $90.28 $163K 2017-08-29
2017-08-24 Falck David P (Officer) Discretionary sale 4,600 $89.98 $414K 2017-08-28
2017-08-23 BRANDT DONALD E (CEO) Discretionary sale 35K $89.57 $3.1M 2017-08-25
2017-05-26 FROETSCHER DANIEL T (Other) Discretionary sale 2,800 $87.31 $244K 2017-05-31
2017-05-16 GOMEZ BARBARA M (Other) Discretionary sale 1,900 $84.00 $160K 2017-05-18
2017-05-15 GALLAGHER MICHAEL L (Director) Discretionary sale 5,000 $84.72 $424K 2017-05-17
2017-05-11 Cortese Denis A. (Director) Discretionary sale 1,776 $83.85 $149K 2017-05-15

“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.

Filing hygiene

125 Forms 4, 3 years
2 filed late
2 amendments
8.8 avg. days to file

How to read this

A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.

Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.

Every number on this page comes from Forms 3, 4 and 5 filed with the SEC, refreshed daily. Browse the source filings on SEC EDGAR. Data through 2026-08-06