Cooper Andrew D, Senior Vice President and CFO, has demonstrated a consistent pattern of selling activity in Pinnacle West Capital Corporation (PNW) shares, as evidenced by SEC Form 4 filings. Over 67 reported transactions, Cooper has exclusively engaged in sales, with no recorded purchases, resulting in a total sell value of $2,309,193.09. The transactions span multiple dates, with notable activity on March 18, 2026, and February 20, 2026, where sales totaled $676,567.68 and $217,987.20, respectively, on the former date. Earlier transactions, such as those on March 18, 2025, and February 20, 2025, also reflect substantial sales, including a single transaction valued at $492,859.64.
The filings indicate that Cooper’s sales are often accompanied by derivative transactions, coded as "F" (sale of derivative securities) and "D" (disposition to the issuer), suggesting the exercise of options or other equity-based compensation. Notably, the "A" and "M" codes, representing acquisitions and exempt transactions, consistently show zero value, reinforcing the absence of buying activity. This pattern underscores a clear bias toward divestment rather than accumulation of PNW shares. While the reasons for these transactions are not disclosed, the data highlights Cooper’s ongoing reduction in equity holdings within the company.
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