{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-030516","form_type":"8-K","ticker":"PNW","cik":"0000764622","company_name":"PINNACLE WEST CAPITAL CORP","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.883685+00:00","generated_at":"2026-06-05T05:07:32.612425+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Pinnacle West enters forward sale agreements for 11.24M shares at $64.505/share","bullets":["Forward sale agreements for 11,240,601 common shares; initial forward price $64.505.","Settlement may occur at company's discretion up to September 4, 2025.","Underwriters exercised option to purchase an additional 1,466,165 shares.","Shares sold to underwriters on March 4, 2024; company to receive proceeds upon forward settlement."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-030516","json":"https://secwatch.observer/filing/0001104659-24-030516.json","markdown":"https://secwatch.observer/filing/0001104659-24-030516.md","text":"https://secwatch.observer/filing/0001104659-24-030516.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764622/000110465924030516/0001104659-24-030516-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764622/000110465924030516/tm2330082d7_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:07:32.612425+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3acebf08ca93428373a8ca71f6cc04f4cfb9fadf","claim":"PINNACLE WEST CAPITAL CORP entered into Forward Sale Agreements with Mizuho Markets Americas LLC and Wells Fargo Bank, National Association valued at aggregate of 9,774,436 shares of common stock; aggregate of 1,466,165 shares under Additional Forwar (effective 2024-02-28).","evidence_excerpt":"On February 28, 2024, Pinnacle West Capital Corporation (“Pinnacle West” or the “Company”) entered into separate forward sale agreements (each, a “Forward Sale Agreement” and, together, the “Forward Sale Agreements”) with Mizuho Markets Americas LLC and Wells Fargo Bank, National Association (each, a “Forward Purchaser” and, together, the “Forward Purchasers”), relating to an aggregate of 9,774,436 shares of the Company’s common stock, no par value (the “common stock”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764622/000110465924030516/0001104659-24-030516-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Mizuho Markets Americas LLC and Wells Fargo Bank, National Association"},{"label":"Value","value":"aggregate of 9,774,436 shares of common stock; aggregate of 1,466,165 shares under Additional Forwar"},{"label":"Effective","value":"2024-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}