---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-115857"
form_type: "8-K"
ticker: "PNW"
cik: "0000764622"
company_name: "PINNACLE WEST CAPITAL CORP"
filed_at: "2024-11-08T23:59:59+00:00"
generated_at: "2026-05-30T03:07:49.044219+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pinnacle West enters $900M at-the-market equity distribution agreement

## Summary
- Equity Distribution Agreement allows sale of up to $900M of common stock via ATM or block transactions.
- Company may also enter forward sale agreements for borrowed shares; proceeds received upon physical settlement.
- Net proceeds will fund APS capital expenditures, repay commercial paper, or for general corporate purposes.
- Managers include BofA Securities, Barclays, J.P. Morgan, Mizuho, MUFG, TD, Truist, and Wells Fargo; commission up to 1%.
- Agreement effective November 8, 2024; no obligation to sell any shares.

## SEC filing metadata
- accession: 0001104659-24-115857
- form_type: 8-K
- ticker: PNW
- cik: 0000764622
- company_name: PINNACLE WEST CAPITAL CORP
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764622/000110465924115857/0001104659-24-115857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764622/000110465924115857/tm2427616d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-115857
- JSON: https://secwatch.observer/filing/0001104659-24-115857.json
- Plain text: https://secwatch.observer/filing/0001104659-24-115857.txt

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