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PINNACLE WEST CAPITAL CORP. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and PINNACLE WEST CAPITAL CORP.’s Form 8-K, filed May 22, 2025 (Item 5.07 on EDGAR). Page generated October 25, 2026.

  • 15Ballot items
  • 613Asset managers
  • 8,261Fund votes
  • May 21, 2025Meeting date

Results at a glance

Meeting of May 21, 2025: 15 items on PINNACLE WEST CAPITAL CORP.’s Form 8-K, filed May 22, 2025: 11 elected · 3 approved · 1 not approved.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore PINNACLE WEST CAPITAL CORP. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by PINNACLE WEST CAPITAL CORP.

These tallies are PINNACLE WEST CAPITAL CORP.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 22, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

PINNACLE WEST CAPITAL CORP. — official shareholder meeting results, meeting held May 21, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Glynis A. Bryan 89,246,758---- 6,915,0769,572,519 93%Elected—
Elect Director: Ronald Butler, Jr. 95,577,664---- 584,1709,572,519 99.3%Elected—
Elect Director: Gonzalo A. de la Melena, Jr. 95,642,055---- 519,7799,572,519 99.4%Elected—
Elect Director: Carol S. Eicher 95,720,856---- 440,9789,572,519 99.5%Elected—
Elect Director: Susan T. Flanagan 95,742,862---- 418,9729,572,519 99.5%Elected—
Elect Director: Richard P. Fox 92,066,504---- 4,095,3309,572,519 96%Elected—
Elect Director: Theodore N. Geisler 89,433,422---- 6,728,4129,572,519 93%Elected—
Elect Director: Paula J. Sims 94,060,499---- 2,101,3359,572,519 98%Elected—
Elect Director: William H. Spence 94,699,617---- 1,462,2179,572,519 98%Elected—
Elect Director: Kristine L. Svinicki 95,761,001---- 400,8339,572,519 99.5%Elected—
Elect Director: James E. Trevathan, Jr. 94,746,354---- 1,415,4809,572,519 99%Elected—
2. An advisory vote on executive compensation 92,569,2503,307,398285,186 --9,572,519 97%Approved—
3. The appointment of Deloitte & Touche LLP as the Company's independent accountant for the year ending December 31, 2025 102,889,6412,628,959215,753 ---- 98%Approved—
4. An amendment to the Company's Restated Articles of Incorporation, as amended, to increase the number of authorized common stock of the Company 102,015,7733,408,833309,747 ---- 97%Approved—
5. A shareholder proposal entitled "Support Special Shareholder Meeting Improvement." The voting results are set forth below 2,501,57893,354,983305,273 --9,572,519 3%Not approved—

Source: PINNACLE WEST CAPITAL CORP., Form 8-K, filed with the SEC on May 22, 2025 — read the filing on EDGAR.

How asset managers voted at the PINNACLE WEST CAPITAL CORP. 2024-2025 meeting

Each item below shows how the 613 asset managers that disclosed a PINNACLE WEST CAPITAL CORP. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Glynis A. Bryan

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 89,246,758WITHHELD: 6,915,076
Details: description as filed, official tally, votes by 128 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Glynis A. Bryan

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: Glynis A. Bryan”): 89,246,758 for, 6,915,076 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 128 asset managers below reported 49,933,391 for, 926,823 withheld, 1,135,381 abstained.

FOR
FOR: 49,933,391ABSTAIN: 1,135,381WITHHOLD: 926,823
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Glynis A. Bryan” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,835,5070 30For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,5410 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust327,7730 1,003,9430Mixed
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal19,6380 0385,417Withhold
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS00 0286,312Withhold
Equitable136,2060 0134,786Mixed
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 128 asset managers. See all 128 in the interactive database.

2. Elect Director: Carol S. Eicher

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 95,720,856WITHHELD: 440,978
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Carol S. Eicher

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: Carol S. Eicher”): 95,720,856 for, 440,978 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 99.5% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 51,978,989 for, 15,606 withheld, 0 abstained.

FOR
FOR: 51,978,989ABSTAIN: 0WITHHOLD: 15,606
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Carol S. Eicher” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,835,5100 00For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,5410 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

3. Elect Director: Gonzalo A. de la Melena, Jr.

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 95,642,055WITHHELD: 519,779
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Gonzalo A. de la Melena, Jr.

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: Gonzalo A. de la Melena, Jr.”): 95,642,055 for, 519,779 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 99.4% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 51,978,981 for, 15,606 withheld, 8 abstained.

FOR
FOR: 51,978,981ABSTAIN: 8WITHHOLD: 15,606
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Gonzalo A. de la Melena, Jr.” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,835,5100 00For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,5410 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

4. Elect Director: James E. Trevathan, Jr.

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 94,746,354WITHHELD: 1,415,480
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: James E. Trevathan, Jr.

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: James E. Trevathan, Jr.”): 94,746,354 for, 1,415,480 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 51,978,980 for, 15,607 withheld, 8 abstained.

FOR
FOR: 51,978,980ABSTAIN: 8WITHHOLD: 15,607
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: James E. Trevathan, Jr.” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,835,5100 00For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,5410 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

5. Elect Director: Kristine L. Svinicki

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 95,761,001WITHHELD: 400,833
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Kristine L. Svinicki

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: Kristine L. Svinicki”): 95,761,001 for, 400,833 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 99.5% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 51,978,989 for, 15,606 withheld, 0 abstained.

FOR
FOR: 51,978,989ABSTAIN: 0WITHHOLD: 15,606
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Kristine L. Svinicki” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,835,5100 00For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,5410 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

6. Elect Director: Paula J. Sims

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 94,060,499WITHHELD: 2,101,335
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Paula J. Sims

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: Paula J. Sims”): 94,060,499 for, 2,101,335 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 51,970,075 for, 20,316 withheld, 4,204 abstained.

FOR
FOR: 51,970,075ABSTAIN: 4,204WITHHOLD: 20,316
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Paula J. Sims” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,834,8490 1660For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,5410 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

7. Elect Director: Richard P. Fox

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 92,066,504WITHHELD: 4,095,330
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Richard P. Fox

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: Richard P. Fox”): 92,066,504 for, 4,095,330 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 96% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 51,626,787 for, 38,929 withheld, 328,879 abstained.

FOR
FOR: 51,626,787ABSTAIN: 328,879WITHHOLD: 38,929
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Richard P. Fox” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,835,5080 20For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,3960 0145For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,012,5850 319,1310Mixed
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

8. Elect Director: Ronald Butler, Jr.

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 95,577,664WITHHELD: 584,170
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Ronald Butler, Jr.

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: Ronald Butler, Jr.”): 95,577,664 for, 584,170 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 99.3% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 51,975,475 for, 19,120 withheld, 0 abstained.

FOR
FOR: 51,975,475ABSTAIN: 0WITHHOLD: 19,120
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Ronald Butler, Jr.” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,834,8500 0660For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,5410 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

9. Elect Director: Susan T. Flanagan

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 95,742,862WITHHELD: 418,972
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Susan T. Flanagan

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: Susan T. Flanagan”): 95,742,862 for, 418,972 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 99.5% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 51,978,989 for, 15,606 withheld, 0 abstained.

FOR
FOR: 51,978,989ABSTAIN: 0WITHHOLD: 15,606
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Susan T. Flanagan” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,835,5100 00For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,5410 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

10. Elect Director: Theodore N. Geisler

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 89,433,422WITHHELD: 6,728,412
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Theodore N. Geisler

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: Theodore N. Geisler”): 89,433,422 for, 6,728,412 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 93% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 51,633,805 for, 351,106 withheld, 9,684 abstained.

FOR
FOR: 51,633,805ABSTAIN: 9,684WITHHOLD: 351,106
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: Theodore N. Geisler” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,835,5060 40For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,4950 046For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS00 0296,950Withhold
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

11. Elect Director: William H. Spence

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 94,699,617WITHHELD: 1,462,217
Details: description as filed, official tally, votes by 127 asset managers

Description as filed by funds: To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: William H. Spence

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“Elect Director: William H. Spence”): 94,699,617 for, 1,462,217 withheld, per its Form 8-K filed May 22, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “The shareholders elected the eleven directors nominated for one-year terms that will expire at the 2026 Annual Meeting.”
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 127 asset managers below reported 51,978,006 for, 15,607 withheld, 982 abstained.

FOR
FOR: 51,978,006ABSTAIN: 982WITHHOLD: 15,607
Largest asset managers voting on “To elect eleven directors to serve until the 2026 Annual Meeting of Shareholders: William H. Spence” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,835,5090 10For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,5410 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For
Jackson National249,6330 00For

Showing the 25 largest of 127 asset managers. See all 127 in the interactive database.

12. 4. An amendment to the Company's Restated Articles of Incorporation, as amended, to increase the number of authorized…

Official resultCAPITAL STRUCTUREReported outcome: Approved

Combines 4 wordings of this item as funds reported it.

97% Approved · of votes cast

FOR 97%
FOR: 102,015,773AGAINST: 3,408,833
Details: description as filed, official tally, votes by 132 asset managers

Description as filed by funds: TO AMEND THE RESTATED ARTICLES OF INCORPORATION, AS AMENDED, TO INCREASE THE NUMBER OF AUTHORIZED COMMON STOCK OF PINNACLE WEST.

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“4. An amendment to the Company's Restated Articles of Incorporation, as amended, to increase the number of authorized common stock of the Company”): 102,015,773 for, 3,408,833 against — passed, per its Form 8-K filed May 22, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders approved an amendment to the Company's Restated Articles of Incorporation, as amended, to increase the number of authorized common stock of the Company.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 132 asset managers below reported 52,262,475 for, 64,602 against, 0 abstained.

FOR
FOR: 52,262,475AGAINST: 64,602ABSTAIN: 0
Largest asset managers voting on “TO AMEND THE RESTATED ARTICLES OF INCORPORATION, AS AMENDED, TO INCREASE THE NUMBER OF AUTHORIZED COMMON STOCK” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,834,1971,313 00For
Capital Group10,089,7240 00For
BlackRock5,962,7011,821 00For
Fidelity2,853,6940 00For
State Street2,714,702839 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM387,71327,439 00Mixed
Principal405,0550 00For
Gabelli329,8000 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For

Showing the 25 largest of 132 asset managers. See all 132 in the interactive database.

13. 2. An advisory vote on executive compensation

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 11 wordings of this item as funds reported it.

97% Approved · of votes cast

FOR 97%
FOR: 92,569,250AGAINST: 3,307,398
Details: description as filed, official tally, votes by 595 asset managers

Description as filed by funds: To hold an advisory vote to approve executive compensation.

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“2. An advisory vote on executive compensation”): 92,569,250 for, 3,307,398 against — passed, per its Form 8-K filed May 22, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders approved an advisory vote on executive compensation.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of PINNACLE WEST CAPITAL CORP.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (20 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “SECTION 14A SAY-ON-PAY VOTES” (2 managers, 1,360 for).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 128 asset managers voting on “To hold an advisory vote to approve executive compensation.” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,835,5091 00For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,5410 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Gabelli329,8000 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For

Fund voting reports, all 128 managers: 52,077,349 for, 91,193 against, 15,605 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 497 asset managers voting on “To hold an advisory vote to approve executive compensation.” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Research Global Investors11,697,6290 00For
BARROW HANLEY MEWHINNEY & STRAUSS LLC4,319,3870 00For
State Street3,852,3450 00For
GEODE CAPITAL MANAGEMENT, LLC2,956,3810 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/2,915,9260 00For
BlackRock2,740,157316 00For
Invesco1,801,0110 00For
PICTET ASSET MANAGEMENT SA1,775,8940 00For
ATLAS Infrastructure Partners (UK) Ltd.1,437,1110 00For
Two Sigma1,124,1190 00For
Nuveen1,121,9560 00For
Charles Schwab1,050,3880 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC1,010,1930 00For
Empower855,8980 00For
FRANKLIN ADVISERS INC812,6940 00For
Northern Trust656,8580 00For
CAPTRUST FINANCIAL ADVISORS654,4020 00For
Merewether Investment Management, LP638,0130 00For
CINCINNATI FINANCIAL CORP628,0670 00For
Epoch Investment Partners, Inc.542,5560 00For
Vanguard537,6650 00For
Legal & General Investment Management Ltd8,368449,139 00Against
RREEF AMERICA LLC450,6280 00For
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM435,2390 00For
Victory Capital422,7270 00For

Institutional-manager reports, all 497 managers: 53,063,264 for, 1,560,580 against, 31,471 abstained, 5,913 not voted, 1,067 unknown. Showing the 25 largest; see all in the interactive database.

14. 3. The appointment of Deloitte & Touche LLP as the Company's independent accountant for the year ending December 31…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 3 wordings of this item as funds reported it.

98% Approved · of votes cast

FOR 98%
FOR: 102,889,641AGAINST: 2,628,959
Details: description as filed, official tally, votes by 132 asset managers

Description as filed by funds: TO RATIFY THE APPOINTMENT OF OUR INDEPENDENT ACCOUNTANT FOR THE YEAR ENDING DECEMBER 31, 2025.

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“3. The appointment of Deloitte & Touche LLP as the Company's independent accountant for the year ending December 31, 2025”): 102,889,641 for, 2,628,959 against — passed, per its Form 8-K filed May 22, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The shareholders ratified the appointment of Deloitte & Touche LLP as the Company's independent accountant for the year ending December 31, 2025.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 132 asset managers below reported 52,290,723 for, 18,582 against, 15,605 abstained.

FOR
FOR: 52,290,723AGAINST: 18,582ABSTAIN: 15,605
Largest asset managers voting on “TO RATIFY THE APPOINTMENT OF OUR INDEPENDENT ACCOUNTANT FOR THE YEAR ENDING DECEMBER 31, 2025.” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard13,834,849661 00For
Capital Group10,089,7240 00For
BlackRock5,964,5220 00For
Fidelity2,853,6940 00For
State Street2,715,396145 00For
MFS2,243,5890 00For
INVESTMENT CO OF AMERICA1,514,8740 00For
Bridge Builder Trust1,331,7160 00For
REAVES UTILITY INCOME FUND1,265,0000 00For
Charles Schwab1,042,8760 00For
First Trust876,8570 00For
Invesco767,6630 00For
Franklin Custodian Funds750,0000 00For
TIAA559,7570 00For
Dimensional532,3700 00For
WisdomTree440,9550 00For
Prudential/PGIM415,1520 00For
Principal405,0550 00For
Gabelli329,8000 00For
Federated Hermes321,9270 00For
John Hancock299,4560 00For
DWS296,9500 00For
AMERICAN BEACON FUNDS286,3120 00For
Equitable270,9920 00For
Nuveen249,8820 00For

Showing the 25 largest of 132 asset managers. See all 132 in the interactive database.

15. 5. A shareholder proposal entitled "Support Special Shareholder Meeting Improvement." The voting results are set forth…

Official resultOTHERReported outcome: Not approved

Combines 2 wordings of this item as funds reported it.

3% Not approved · of votes cast

AGAINST
FOR: 2,501,578AGAINST: 93,354,983
Details: description as filed, official tally, votes by 125 asset managers

Description as filed by funds: To act upon a shareholder proposal entitled "Support Special Shareholder Meeting Improvement" that seeks to remove the one- year holding requirement to call a special shareholder meeting.

PINNACLE WEST CAPITAL CORP.’s own tally for this item (“5. A shareholder proposal entitled "Support Special Shareholder Meeting Improvement." The voting results are set forth below”): 2,501,578 for, 93,354,983 against — failed, per its Form 8-K filed May 22, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “The shareholders rejected a shareholder proposal entitled "Support Special Shareholder Meeting Improvement." The voting results are set forth below:”
Support: 3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of PINNACLE WEST CAPITAL CORP.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “TO ACT UPON A SHAREHOLDER PROPOSAL ENTITLED SUPPORT SPECIAL SHAREHOLDER MEETING IMPROVEMENT" THAT SEEKS TO REMOVE THE ONE-YEAR HOLDING REQUIREMENT TO CALL A SPECIAL SHAREHOLDER MEETING. "” (3 managers, 3,180 for).

The 125 asset managers below reported 270,565 for, 51,871,203 against, 15,605 abstained, 1,200 not voted.

AGAINST
FOR: 270,565AGAINST: 51,871,203ABSTAIN: 15,605NOT VOTED: 1,200
Largest asset managers voting on “To act upon a shareholder proposal entitled "Support Special Shareholder Meeting Improvement" that seeks to re” at PINNACLE WEST CAPITAL CORP., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard1,31213,834,198 00Against
Capital Group010,089,724 00Against
BlackRock1,8215,962,701 00Against
Fidelity02,853,694 00Against
State Street7922,714,749 00Against
MFS02,243,589 00Against
INVESTMENT CO OF AMERICA01,514,874 00Against
Bridge Builder Trust01,331,716 00Against
REAVES UTILITY INCOME FUND01,265,000 00Against
Charles Schwab01,042,876 00Against
First Trust0876,857 00Against
Invesco0767,663 00Against
Franklin Custodian Funds0750,000 00Against
TIAA0559,757 00Against
Dimensional0532,370 00Against
WisdomTree0440,955 00Against
Prudential/PGIM0415,152 00Against
Principal0405,055 00Against
Gabelli0329,800 00Against
Federated Hermes0321,927 00Against
John Hancock0299,456 00Against
DWS0296,950 00Against
AMERICAN BEACON FUNDS0286,312 00Against
Equitable0270,992 00Against
Nuveen0249,882 00Against

Showing the 25 largest of 125 asset managers. See all 125 in the interactive database.

Largest PINNACLE WEST CAPITAL CORP. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 119,399,009 shares outstanding at the time of that meeting.

Fund voting reports: top PINNACLE WEST CAPITAL CORP. shareholders by shares voted on “TO AMEND THE RESTATED ARTICLES OF INCORPORATION, AS AMENDED, TO INCREASE THE NUMBER OF…”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 11.59%
2Capital Group 8.45%
3BlackRock 5.00%
4Fidelity 2.39%
5State Street 2.27%
6MFS 1.88%
7INVESTMENT CO OF AMERICA 1.27%
8Bridge Builder Trust 1.12%
9REAVES UTILITY INCOME FUND 1.06%
10Charles Schwab 0.87%
Institutional-manager reports: top PINNACLE WEST CAPITAL CORP. shareholders by shares voted on “To hold an advisory vote to approve executive compensation.”, 2024-2025
#Asset manager % of shares outstanding
1Capital Research Global Investors 9.80%
2BARROW HANLEY MEWHINNEY & STRAUSS LLC 3.62%
3State Street 3.23%
4GEODE CAPITAL MANAGEMENT, LLC 2.48%
5MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 2.44%
6BlackRock 2.30%
7Invesco 1.51%
8PICTET ASSET MANAGEMENT SA 1.49%
9ATLAS Infrastructure Partners (UK) Ltd. 1.20%
10Two Sigma 0.94%

Reported PINNACLE WEST CAPITAL CORP. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

PINNACLE WEST CAPITAL CORP. holdings and ownership disclosed for the 2024-2025 proxy season
Holder % outstanding Disclosure
Capital Research Global Investors 13.77% 13G
Vanguard Group 12.11% 13F
BlackRock 9.06% 13F
BARROW HANLEY MEWHINNEY & STRAUSS LLC 5.86% 13G
State Street 5.29% 13F
Invesco 3.47% 13F
Norges Bank 1.76% 13F
Morgan Stanley 1.51% 13F
Nuveen 0.96% 13F
Dimensional Fund Advisors 0.93% 13F

Percentages above are of 119,399,009 shares outstanding, as reported by PINNACLE WEST CAPITAL CORP. on its Form 10-Q dated April 24, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from PINNACLE WEST CAPITAL CORP.’s 10-Q dated April 24, 2025. This page is a static snapshot rebuilt weekly on October 25, 2026; a live search always shows the current data.

At PINNACLE WEST CAPITAL CORP.'s shareholder meeting held May 21, 2025, in the 2024-2025 proxy season, 613 asset managers reported how they voted on 15 ballot items in their SEC Form N-PX filings, covering 8,261 separate fund positions. On the most widely held item on that ballot — To hold an advisory vote to approve executive compensation. — PINNACLE WEST CAPITAL CORP.'s filing reports the proposal as approved, with 97% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: PINNACLE WEST CAPITAL CORP.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 22, 2025.

PINNACLE WEST CAPITAL CORP. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.