Adam Heflin compensation by year
PINNACLE WEST CAPITAL Summary Compensation Table · all 4 fiscal years held| Component | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Salary | $400,822 | $715,000 | $735,000 | $760,000 |
| Bonus | $500,000 | $0 | $0 | $0 |
| Stock awards | $2,283,316 | $1,338,517 | $1,337,015 | $1,465,175 |
| Option awards | $0 | $0 | $0 | $0 |
| Non-equity incentive | $527,008 | $757,721 | $1,026,703 | $998,925 |
| Pension and deferred compensation | $71,793 | $240,596 | $293,745 | $376,444 |
| All other | $5,577 | $24,473 | $27,640 | $27,915 |
| Total | $3,788,516 | $3,076,307 | $3,420,103 | $3,628,459 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: PINNACLE WEST CAPITAL CORP DEF 14A filed April 3, 2026, accession 0001628280-26-023516, and prior-year filings. Open the filing on EDGAR.
How this page was built: the PINNACLE WEST CAPITAL CORP filed document, accession 0001628280-26-023516. Every figure is read from that document and cited to the page and table it appears in. Filed April 3, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 10,538 | $934,721 | — |
| RSU | 9,329 | $827,482 | — |
| PSU | 8,724 | $773,819 | — |
| RSU | 7,320 | $649,284 | — |
| PSU | 5,269 | $467,360 | — |
| RSU | 4,676 | $414,761 | — |
| RSU | 4,233 | $375,467 | — |
| RSU | 3,202 | $284,017 | — |
| RSU | 2,866 | $254,214 | — |
| RSU | 2,632 | $233,458 | — |
| PSU | 2,181 | $193,455 | — |
| PSU | 1,317 | $116,818 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in PINNACLE WEST CAPITAL CORP's FY2025 proxy; value at the fiscal year-end close, as the company printed it. The 12 largest of 14 award rows shown.
PINNACLE WEST CAPITAL’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Theodore Geisler | Chairman of the Board, President and Chief Executive Officer of PNW and APS | $8,414,652 |
| Jacob Tetlow | Executive Vice President and Chief Operating Officer of APS | $3,795,987 |
| Adam Heflin · this page | Executive Vice President and Chief Nuclear Officer of PVGS, APS | $3,628,459 |
| Andrew Cooper | Senior Vice President and Chief Financial Officer, PNW and APS | $3,392,860 |
| Jeffrey Guldner | Former Chairman of the Board, President and Chief Executive Officer of PNW and Chairman of the Board, President and Chief Executive of APS and currently, Special Advisor to the CEO | $2,828,115 |
| Robert Smith | Former Executive Vice President, Chief Legal Officer and Chief Development Officer, PNW and APS and currently, Special Advisor to the CEO | $2,708,803 |
| Shirley Baum | Senior Vice President and General Counsel, PNW and APS | $1,886,647 |
The full PINNACLE WEST CAPITAL compensation record
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are PINNACLE WEST CAPITAL's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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