Monday, January 22, 2018 10:15 PM ET
Pinnacle West Capital (PNW) sees Significant Insider Selling Continuing
One insider — Donald E Brandt, Director and Officer — today, sold 24,216 shares of Pinnacle West Capital having a market value of approximately $1,918,149, as revealed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 24,665 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 48,881 shares and have averaged 12,220 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Pinnacle West Capital is above the 70-company peer group average. Electric Utilities peer group saw 79 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Pinnacle West Capital insiders was also higher. Within the peer group there were 231,762 shares purchased and 519,401 shares sold with company insiders disposing of 3,641 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data obtained to evaluate and write this story.
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