Jeffrey B. Guldner, Chairman, President, and CEO, has demonstrated a clear selling bias in his recent insider transactions, with $6.3 million in total sales compared to just $123,000 in purchases across three companies. His most significant activity has been in Pinnacle West Capital (PNW), where he executed multiple sales in February and March 2025, including a $3.29 million disposition on March 18 and a series of smaller transactions totaling over $1.1 million the same day. Earlier in February 2025, he conducted additional PNW sales ranging from $25,053 to $252,068, reinforcing a pattern of consistent divestment in the utility holding company.
Guldner’s only recent purchase was a $122,982 acquisition of Duke Energy (DUK) shares on September 15, 2025, while his activity in NextEra Energy (NXT) showed no monetary value. The absence of recent buys in PNW, coupled with the scale of his sales—particularly the multimillion-dollar transactions—suggests a strategic reduction in his holdings. The data reflects a concentrated focus on PNW, with sporadic activity in other energy sector stocks, but no trades in any of these companies since late 2025.
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