Pinnacle West grants $1.5 million discretionary credit award to nuclear officer Adam Heflin
Pinnacle West's Human Resources Committee approved a $1.5 million discretionary credit award for Adam Heflin, executive vice president and chief nuclear officer of Arizona Public Service. The credits are tied to his continued employment and vest on May 1, 2030, which is a retention arrangement rather than a change in leadership.
Key points
- Total discretionary credits of $1.5 million, paid in installments of $300,000 on July 1, 2026 and July 1, 2027, $400,000 on July 1, 2028, and $500,000 on July 1, 2029
- Account vests May 1, 2030 if Heflin remains employed with APS through that date
- Unvested amounts are forfeited if he separates from service, except on death, disability or termination without cause
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 29, 2026.
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