---
schema_version: "secwatch.filing_event.v1"
accession: "0000764622-26-000034"
form_type: "8-K"
ticker: "PNW"
cik: "0000764622"
company_name: "PINNACLE WEST CAPITAL CORP"
filed_at: "2026-06-29T20:03:39+00:00"
generated_at: "2026-06-29T20:05:26.339651+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Pinnacle West awards $1.5M retention credit to EVP & Chief Nuclear Officer Adam Heflin

## Summary
- Aggregate discretionary credit of $1.5 million to Adam Heflin, EVP and Chief Nuclear Officer of APS.
- Credits vest on May 1, 2030; subject to continued employment through that date.
- Forfeiture of unvested amounts occurs except for death, disability, or termination without cause.
- Payment in ten-year installments following separation from service.

## SEC filing metadata
- accession: 0000764622-26-000034
- form_type: 8-K
- ticker: PNW
- cik: 0000764622
- company_name: PINNACLE WEST CAPITAL CORP
- filed_at: 2026-06-29T20:03:39+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764622/000076462226000034/0000764622-26-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/7286/000076462226000034/pnw-20260623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764622-26-000034
- JSON: https://secwatch.observer/filing/0000764622-26-000034.json
- Plain text: https://secwatch.observer/filing/0000764622-26-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.