PINNACLE WEST CAP CORP

Ticker: PNW CUSIP: 723484101 Class: COM

Retirement Systems of Alabama's Holding History (CIK: 0001593051)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 25,461 Value ($000) $2,258 Avg Close $89.23 Range $86.18 - $93.48

Q3 2025

Shares 25,476 Value ($000) $2,284 Avg Close $88.79 Range $84.44 - $93.47

Q2 2025

Shares 25,620 Value ($000) $2,292 Avg Close $89.32 Range $84.01 - $93.67

Q1 2025

Shares 24,434 Value ($000) $2,327 Avg Close $86.37 Range $78.26 - $93.02

Q4 2024

Shares 24,618 Value ($000) $2,087 Avg Close $84.97 Range $80.67 - $91.67

Q3 2024

Shares 24,834 Value ($000) $2,200 Avg Close $80.90 Range $70.66 - $87.05

Q2 2024

Shares 25,050 Value ($000) $1,913 Avg Close $70.74 Range $65.76 - $74.22

Q1 2024

Shares 25,029 Value ($000) $1,870 Avg Close $65.20 Range $60.62 - $69.54

Q4 2023

Shares 24,991 Value ($000) $1,795 Avg Close $67.20 Range $62.94 - $70.91

Q3 2023

Shares 25,621 Value ($000) $1,888 Avg Close $71.78 Range $66.39 - $77.25

Q2 2023

Shares 25,742 Value ($000) $2,097 Avg Close $71.39 Range $67.35 - $75.96

Q1 2023

Shares 33,441 Value ($000) $2,650 Avg Close $66.77 Range $63.66 - $71.10

Q4 2022

Shares 36,246 Value ($000) $2,756 Avg Close $62.50 Range $51.16 - $70.75

Q3 2022

Shares 37,546 Value ($000) $2,422 Avg Close $63.64 Range $55.76 - $68.03

Q2 2022

Shares 37,462 Value ($000) $2,739 Avg Close $63.84 Range $55.80 - $68.19

Q1 2022

Shares 37,380 Value ($000) $2,919 Avg Close $60.39 Range $56.02 - $66.65

Q4 2021

Shares 37,382 Value ($000) $2,639 Avg Close $55.84 Range $51.86 - $61.46

Q3 2021

Shares 38,731 Value ($000) $2,803 Avg Close $65.26 Range $58.98 - $71.06

Q2 2021

Shares 41,245 Value ($000) $3,381 Avg Close $68.95 Range $65.28 - $72.42

Q1 2021

Shares 42,032 Value ($000) $3,419 Avg Close $62.43 Range $56.60 - $66.33

Q4 2020

Shares 45,223 Value ($000) $3,616 Avg Close $65.83 Range $58.83 - $73.60

Q3 2020

Shares 45,367 Value ($000) $3,382 Avg Close $60.54 Range $54.95 - $66.17

Q2 2020

Shares 48,100 Value ($000) $3,525 Avg Close $59.12 Range $52.33 - $65.86

Q1 2020

Shares 339,715 Value ($000) $25,747 Avg Close $70.35 Range $46.70 - $82.05

Q4 2019

Shares 339,703 Value ($000) $30,549 Avg Close $69.39 Range $65.00 - $74.61

Q3 2019

Shares 49,179 Value ($000) $4,774 Avg Close $71.87 Range $68.70 - $75.42

Q2 2019

Shares 253,562 Value ($000) $23,858 Avg Close $72.15 Range $69.78 - $75.74

Q1 2019

Shares 253,419 Value ($000) $24,222 Avg Close $67.77 Range $60.95 - $73.24

Q4 2018

Shares 51,637 Value ($000) $4,399 Avg Close $64.12 Range $57.80 - $69.17

Q3 2018

Shares 51,637 Value ($000) $4,089 Avg Close $59.27 Range $56.90 - $61.30

Q2 2018

Shares 52,458 Value ($000) $4,226 Avg Close $57.22 Range $53.85 - $59.87

Q1 2018

Shares 53,408 Value ($000) $4,262 Avg Close $56.89 Range $53.69 - $61.68

Q4 2017

Shares 54,147 Value ($000) $4,612 Avg Close $63.49 Range $60.19 - $66.68

Q3 2017

Shares 54,157 Value ($000) $4,580 Avg Close $62.55 Range $59.60 - $65.04

Q2 2017

Shares 54,090 Value ($000) $4,606 Avg Close $61.03 Range $58.21 - $63.58

Q1 2017

Shares 53,819 Value ($000) $4,487 Avg Close $56.18 Range $53.40 - $59.69

Q4 2016

Shares 52,756 Value ($000) $4,117 Avg Close $52.24 Range $49.50 - $55.16

Q3 2016

Shares 56,228 Value ($000) $4,273 Avg Close $53.79 Range $51.20 - $56.86

Q2 2016

Shares 56,661 Value ($000) $4,593 Avg Close $51.08 Range $48.16 - $55.70

Q1 2016

Shares 56,311 Value ($000) $4,227 Avg Close $46.44 Range $42.15 - $51.17

Q4 2015

Shares 57,484 Value ($000) $3,707 Avg Close $42.78 Range $40.93 - $44.75

Q3 2015

Shares 62,515 Value ($000) $4,010 Avg Close $40.69 Range $37.54 - $43.56

Q2 2015

Shares 63,535 Value ($000) $3,615 Avg Close $39.75 Range $37.04 - $42.55

Q1 2015

Shares 64,113 Value ($000) $4,087 Avg Close $43.61 Range $40.31 - $47.62

Q4 2014

Shares 67,381 Value ($000) $4,603 Avg Close $40.25 Range $35.11 - $46.19

Q3 2014

Shares 67,491 Value ($000) $3,688 Avg Close $35.72 Range $33.53 - $37.13

Q2 2014

Shares 65,578 Value ($000) $3,793 Avg Close $35.10 Range $33.77 - $36.96

Q1 2014

Shares 66,375 Value ($000) $3,628 Avg Close $33.65 Range $32.14 - $35.28

Q4 2013

Shares 65,485 Value ($000) $3,465 Avg Close $34.02 Range $32.61 - $36.23

Q3 2013

Shares 65,411 Value ($000) $3,581 Avg Close $34.55 Range $32.11 - $37.02

Q2 2013

Shares 64,868 Value ($000) $3,598 Avg Close $35.40 Range $31.53 - $37.84

Q1 2013

Shares 63,458 Value ($000) $3,674 Avg Close $32.98 Range $30.89 - $35.12

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	25,461	$2,258	$89.23	$86.18 - $93.48
Q3 2025	25,476	$2,284	$88.79	$84.44 - $93.47
Q2 2025	25,620	$2,292	$89.32	$84.01 - $93.67
Q1 2025	24,434	$2,327	$86.37	$78.26 - $93.02
Q4 2024	24,618	$2,087	$84.97	$80.67 - $91.67
Q3 2024	24,834	$2,200	$80.90	$70.66 - $87.05
Q2 2024	25,050	$1,913	$70.74	$65.76 - $74.22
Q1 2024	25,029	$1,870	$65.20	$60.62 - $69.54
Q4 2023	24,991	$1,795	$67.20	$62.94 - $70.91
Q3 2023	25,621	$1,888	$71.78	$66.39 - $77.25
Q2 2023	25,742	$2,097	$71.39	$67.35 - $75.96
Q1 2023	33,441	$2,650	$66.77	$63.66 - $71.10
Q4 2022	36,246	$2,756	$62.50	$51.16 - $70.75
Q3 2022	37,546	$2,422	$63.64	$55.76 - $68.03
Q2 2022	37,462	$2,739	$63.84	$55.80 - $68.19
Q1 2022	37,380	$2,919	$60.39	$56.02 - $66.65
Q4 2021	37,382	$2,639	$55.84	$51.86 - $61.46
Q3 2021	38,731	$2,803	$65.26	$58.98 - $71.06
Q2 2021	41,245	$3,381	$68.95	$65.28 - $72.42
Q1 2021	42,032	$3,419	$62.43	$56.60 - $66.33
Q4 2020	45,223	$3,616	$65.83	$58.83 - $73.60
Q3 2020	45,367	$3,382	$60.54	$54.95 - $66.17
Q2 2020	48,100	$3,525	$59.12	$52.33 - $65.86
Q1 2020	339,715	$25,747	$70.35	$46.70 - $82.05
Q4 2019	339,703	$30,549	$69.39	$65.00 - $74.61
Q3 2019	49,179	$4,774	$71.87	$68.70 - $75.42
Q2 2019	253,562	$23,858	$72.15	$69.78 - $75.74
Q1 2019	253,419	$24,222	$67.77	$60.95 - $73.24
Q4 2018	51,637	$4,399	$64.12	$57.80 - $69.17
Q3 2018	51,637	$4,089	$59.27	$56.90 - $61.30
Q2 2018	52,458	$4,226	$57.22	$53.85 - $59.87
Q1 2018	53,408	$4,262	$56.89	$53.69 - $61.68
Q4 2017	54,147	$4,612	$63.49	$60.19 - $66.68
Q3 2017	54,157	$4,580	$62.55	$59.60 - $65.04
Q2 2017	54,090	$4,606	$61.03	$58.21 - $63.58
Q1 2017	53,819	$4,487	$56.18	$53.40 - $59.69
Q4 2016	52,756	$4,117	$52.24	$49.50 - $55.16
Q3 2016	56,228	$4,273	$53.79	$51.20 - $56.86
Q2 2016	56,661	$4,593	$51.08	$48.16 - $55.70
Q1 2016	56,311	$4,227	$46.44	$42.15 - $51.17
Q4 2015	57,484	$3,707	$42.78	$40.93 - $44.75
Q3 2015	62,515	$4,010	$40.69	$37.54 - $43.56
Q2 2015	63,535	$3,615	$39.75	$37.04 - $42.55
Q1 2015	64,113	$4,087	$43.61	$40.31 - $47.62
Q4 2014	67,381	$4,603	$40.25	$35.11 - $46.19
Q3 2014	67,491	$3,688	$35.72	$33.53 - $37.13
Q2 2014	65,578	$3,793	$35.10	$33.77 - $36.96
Q1 2014	66,375	$3,628	$33.65	$32.14 - $35.28
Q4 2013	65,485	$3,465	$34.02	$32.61 - $36.23
Q3 2013	65,411	$3,581	$34.55	$32.11 - $37.02
Q2 2013	64,868	$3,598	$35.40	$31.53 - $37.84
Q1 2013	63,458	$3,674	$32.98	$30.89 - $35.12