PG&E Corp (NYSE: PCG) director granted 17,639 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PG&E Corp director Kerry Whorton Cooper received a grant of 17,639 shares of common stock in the form of Restricted Stock Units (RSUs) under the PG&E Corporation 2021 Long Term Incentive Plan. The RSUs are payable one-for-one in common shares and were awarded at no cash cost.
According to the plan, these RSUs vest upon the earliest of one year from grant, the last day of the director's elected term, certain termination events, or specified change-in-control situations. After this award, Cooper directly holds 90,852.58 shares, a total that includes 72.80 RSUs acquired on April 15, 2026 through the plan’s dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cooper Kerry Whorton
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,639 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 90,852.58 shares (Direct, null)
Footnotes (1)
- Restricted Stock Units (RSUs) granted under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP). RSUs are payable in shares of PG&E Corporation common stock on a one-for-one basis. As described in the LTIP, RSUs vest upon the earliest of one year from the date of grant; the last day of a director's elected term; a director's death, disability, or termination following a change in control; or a change in control in which the acquiror does not assume, continue, or substitute the award. This total reflects the acquisition of 72.80 RSUs on 4/15/2026 pursuant to a dividend reinvestment feature of the PG&E Corporation 2021 LTIP.
Key Figures
RSU grant size: 17,639 shares
Post-transaction holdings: 90,852.58 shares
Dividend reinvestment RSUs: 72.80 RSUs
+1 more
4 metrics
RSU grant size
17,639 shares
Restricted Stock Units granted on May 21, 2026
Post-transaction holdings
90,852.58 shares
Total common stock directly held after grant
Dividend reinvestment RSUs
72.80 RSUs
Additional units acquired on April 15, 2026
Grant price per share
$0.0000 per share
Equity compensation, no cash paid by director
Key Terms
Restricted Stock Units (RSUs), 2021 Long Term Incentive Plan (LTIP), dividend reinvestment feature, change in control
4 terms
Restricted Stock Units (RSUs) financial
"Restricted Stock Units (RSUs) granted under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP)."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
2021 Long Term Incentive Plan (LTIP) financial
"RSUs granted under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP)."
dividend reinvestment feature financial
"acquisition of 72.80 RSUs on 4/15/2026 pursuant to a dividend reinvestment feature of the PG&E Corporation 2021 LTIP."
change in control financial
"a director's death, disability, or termination following a change in control; or a change in control in which the acquiror does not assume..."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did PG&E (PCG) director Kerry Whorton Cooper report on this Form 4?
The Form 4 reports a grant of 17,639 Restricted Stock Units to director Kerry Whorton Cooper. These RSUs, payable in PG&E common stock, were awarded as equity compensation under the 2021 Long Term Incentive Plan at no cash cost.
What are the vesting conditions for the PG&E (PCG) RSUs granted to the director?
The RSUs vest upon the earliest of one year from the grant date, the last day of the director’s elected term, the director’s death or disability, termination following a change in control, or a change in control where the award is not assumed, continued, or substituted.
Are the PG&E (PCG) RSUs granted to Kerry Whorton Cooper settled in cash or stock?
The RSUs are payable in shares of PG&E Corporation common stock on a one-for-one basis. This means each vested RSU converts into one share of common stock rather than a cash payment, aligning director compensation with shareholder interests.
What does the dividend reinvestment feature in PG&E’s 2021 LTIP mean for RSUs?
The dividend reinvestment feature credits additional RSUs in lieu of cash dividends on unvested units. For Kerry Whorton Cooper, it resulted in the acquisition of 72.80 additional RSUs on April 15, 2026, which are included in the reported total holdings.