Pinnacle West Capital Corp

Pinnacle West Capital

PNW · NYSE

Industrials

Catalog as of September 15, 2026. Not a live market feed.

Fiscal Year: 2025
Revenue: $5.3B
Assets: $30B
SEC filing: DEF 14A
Filed: April 3, 2026

Executive Compensation

Compensation reported for Pinnacle West Capital’s named executive officers, including salary, stock awards, incentive compensation, other compensation, and total compensation.

Named executive officer compensation
Executive	Position	Salary	Stock Awards	Incentives	Option Awards	Other	Reported total
Theodore N. Geisler	Chairman Of The Board, President And Chief Executive Officer Of Pnw And Aps	$938,356	$5,257,108	$1,853,040	$0	$366,148	$8,414,652
Jacob Tetlow	Executive Vice President And Chief Operating Officer Of Aps	$700,000	$1,673,955	$754,031	$0	$668,001	$3,795,987
Adam C. Heflin	Executive Vice President and Chief Nuclear Officer of PVGS, APS	$760,000	$1,465,175	$998,925	$0	$404,359	$3,628,459
Andrew D. Cooper	Senior Vice President and Chief Financial Officer, PNW and APS	$680,000	$1,787,327	$684,012	$0	$241,521	$3,392,860
Jeffrey B. Guldner	Former Chairman Of The Board, President And Chief Executive Officer Of Pnw And Chairman Of The Board	$744,247	$0	$541,443	$0	$1,542,425	$2,828,115
Robert E. Smith	Former Executive Vice President, Chief Legal Officer And Chief Development Officer, Pnw And Aps And Currently, Special Advisor To The Ceo	$514,658	$1,360,231	$421,609	$0	$412,305	$2,708,803
Shirley A. Baum	Senior Vice President and General Counsel, PNW and APS	$486,575	$788,780	$431,100	$0	$180,192	$1,886,647

Theodore N. Geisler
Chairman Of The Board, President And Chief Executive Officer Of Pnw And Aps
$8.4M
Reported total
Salary
$938,356
Stock awards
$5,257,108
Incentives
$1,853,040
Option awards
$0
Other
$366,148
Jacob Tetlow
Executive Vice President And Chief Operating Officer Of Aps
$3.8M
Reported total
Salary
$700,000
Stock awards
$1,673,955
Incentives
$754,031
Option awards
$0
Other
$668,001
Adam C. Heflin
Executive Vice President and Chief Nuclear Officer of PVGS, APS
$3.6M
Reported total
Salary
$760,000
Stock awards
$1,465,175
Incentives
$998,925
Option awards
$0
Other
$404,359
Andrew D. Cooper
Senior Vice President and Chief Financial Officer, PNW and APS
$3.4M
Reported total
Salary
$680,000
Stock awards
$1,787,327
Incentives
$684,012
Option awards
$0
Other
$241,521
Jeffrey B. Guldner
Former Chairman Of The Board, President And Chief Executive Officer Of Pnw And Chairman Of The Board
$2.8M
Reported total
Salary
$744,247
Stock awards
$0
Incentives
$541,443
Option awards
$0
Other
$1,542,425
Robert E. Smith
Former Executive Vice President, Chief Legal Officer And Chief Development Officer, Pnw And Aps And Currently, Special Advisor To The Ceo
$2.7M
Reported total
Salary
$514,658
Stock awards
$1,360,231
Incentives
$421,609
Option awards
$0
Other
$412,305
Shirley A. Baum
Senior Vice President and General Counsel, PNW and APS
$1.9M
Reported total
Salary
$486,575
Stock awards
$788,780
Incentives
$431,100
Option awards
$0
Other
$180,192

Theodore N. Geisler

Chairman Of The Board, President And Chief Executive Officer Of Pnw And Aps

$8.4M

Reported total · FY2025 · SCT Total as filed

Source: DEF 14A Summary Compensation Table, filed April 3, 2026.

Salary: $938K
Stock Awards: $5.3M
Incentives: $1.9M
Other: $366K

Historical Compensation

Theodore N. Geisler total compensation, fiscal years 2023–2025.

Year-by-year total compensation
Fiscal Year	Salary	Stock Awards	Total Compensation
2025	$938,356	$5,257,108	$8,414,652
2024	$700,000	$1,696,843	$3,865,493
2023	$670,000	$1,467,032	$3,255,088

Named Executive Officers

Theodore N. Geisler

Chairman Of The Board, President And Chief Executive Officer Of Pnw And Aps

Pinnacle West Capital · PNW

$8.4M

FY 2025 · DEF 14A

Jeffrey B. Guldner

Former Chairman Of The Board, President And Chief Executive Officer Of Pnw And Chairman Of The Board

Pinnacle West Capital · PNW

$2.8M

FY 2025 · DEF 14A

Andrew D. Cooper

Senior Vice President and Chief Financial Officer, PNW and APS

Pinnacle West Capital · PNW

$3.4M

FY 2025 · DEF 14A

Shirley A. Baum

Senior Vice President and General Counsel, PNW and APS

Pinnacle West Capital · PNW

$1.9M

FY 2025 · DEF 14A

Adam C. Heflin

Executive Vice President and Chief Nuclear Officer of PVGS, APS

Pinnacle West Capital · PNW

$3.6M

FY 2025 · DEF 14A

Jacob Tetlow

Executive Vice President And Chief Operating Officer Of Aps

Pinnacle West Capital · PNW

$3.8M

FY 2025 · DEF 14A

Robert E. Smith

Former Executive Vice President, Chief Legal Officer And Chief Development Officer, Pnw And Aps And Currently, Special Advisor To The Ceo

Pinnacle West Capital · PNW

$2.7M

FY 2025 · DEF 14A

Source information

Company: Pinnacle West Capital Corp
Ticker: PNW · NYSE
Filing type: DEF 14A
Fiscal year: 2025
Filing date: April 3, 2026
SEC accession number: 0001628280-26-023516

Source: U.S. Securities and Exchange Commission, DEF 14A Summary Compensation Table. View SEC filing

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