PG&E Corp (PCG) EVP John R. Simon reports stock grant, tax forfeiture, gifts
Rhea-AI Filing Summary
PG&E Corp executive John R. Simon reported a mix of equity awards, tax-related share forfeitures, and gifts of common stock. He received a grant of 145,742 shares on March 1, 2026 at no cost, tied to vested performance shares under the PG&E Corporation 2021 Long-Term Incentive Plan, which are payable one-for-one in common stock.
On the same date, 92,782 shares were disposed of at $19 per share to cover tax withholding obligations related to the vesting of performance share units and restricted stock units. He also made bona fide gifts totaling 89,105 directly held shares and 89,105 shares held indirectly through the Simon Family Trust.
After these transactions, he directly owned 68,261.29 shares and indirectly owned 481,408 shares through the Simon Family Trust, plus approximately 3,237.15 shares held indirectly in the PG&E Corporation Retirement Savings Plan stock fund as of March 2, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 145,742 | $0.00 | -- |
| Tax Withholding | Common Stock | 92,782 | $19.00 | $1.76M |
| Gift | Common Stock | 89,105 | $0.00 | -- |
| Gift | Common Stock | 89,105 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Vested performance shares granted under the PG&E Corporation 2021 Long-Term Incentive Plan for the performance cycle ended 12/31/2025. Performance shares are payable in shares of PG&E Corporation common stock on a one-for-one basis. Includes 162.29 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program. SISOPs vest three years after the date of grant subject to accelerated vesting upon certain events. Unvested SISOPs are subject to forfeiture if certain stock ownership targets are not met. Vested SISOPs are automatically payable in an equal number of shares following termination of employment. These shares were forfeited to satisfy tax withholding obligations in connection with the vesting of performance share units and restricted stock units. Represents the approximate number of shares of PG&E Corporation common stock held for the Reporting Person in the PG&E Corporation Stock Fund of the PG&E Corporation Retirement Savings Plan (RSP). That fund holds units consisting of PG&E Corporation common stock and a small short-term investments component. The number of shares is computed by dividing the value of the units by the daily closing price. Dividends are automatically invested in additional units at the election of the participant. These holdings have been trued up to conform to the RSP balance as of 3/2/2026.