Pinnacle West grants $1.5M retention award to Chief Nuclear Officer, vesting 2030

Filed June 29, 2026 · Period ending June 23, 2026 · ~1 min read

Key Changes

• medium

  Board approved $1.5M deferred compensation award for Chief Nuclear Officer Adam Heflin, crediting in annual increments through July 2029 with full vesting contingent on employment through May 2030.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Award structure provides increasing annual credits ($300K in 2026-2027, $400K in 2028, $500K in 2029), designed to retain executive overseeing nuclear operations through nearly four-year period.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• low

  Standard forfeiture provisions apply if Heflin leaves before May 2030 vesting date, with exceptions for death, disability, or termination without cause.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →