Smith Robert Edgar, EVP, GC, and CDO, has demonstrated a consistent pattern of selling activity in Pinnacle West Capital Corporation (PNW) shares, with no recorded purchases across 41 transactions. Since February 2024, Edgar has executed multiple sales, primarily through dispositions (code "D") and tax-related transactions (code "F"), totaling $1,247,163.84 in aggregate value. The most significant transactions occurred on March 18, 2025, with a $603,981.84 sale (code "F") and a $211,132.18 disposition (code "D"), marking the largest single-day liquidation in the observed period. Earlier activity on February 20, 2025, included a series of smaller sales, ranging from $3,086.18 to $53,009.68, alongside dispositions between $5,536.97 and $43,297.29. Notably, Edgar’s transactions show no recent buying activity, reinforcing a clear divestment trend. The absence of any acquisitions—coupled with the frequency and scale of sales—suggests a deliberate reduction in exposure to PNW stock over the past year. While the filings include routine transactions such as gifts (code "G") and small acquisitions (code "A") with zero reported value, the dominant theme remains the systematic unwinding of holdings in this single utility holding company.
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