PG&E Corp (PCG) director granted 10,948 RSUs under 2021 long-term plan
Rhea-AI Filing Summary
DENAULT LEO P reported acquisition or exercise transactions in this Form 4 filing.
PG&E Corp director Leo P. Denault reported an equity award of 10,948 shares of common stock on May 21, 2026. The award is in the form of Restricted Stock Units (RSUs) granted under the PG&E Corporation 2021 Long Term Incentive Plan and carries no purchase price.
Each RSU is payable in one share of PG&E common stock and generally vests after one year or earlier upon specific director events such as term expiration, death, disability, or certain change in control situations. Following this grant and prior RSU-related accruals, Denault’s direct holdings total 27,923.45 shares, including small incremental RSUs added through the plan’s dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,948 shares
Net Buy
1 txn
Insider
DENAULT LEO P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,948 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 27,923.45 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. This total reflects the acquisition of 20.34 RSUs on 7/15/2025, 15.88 RSUs on 10/15/2025, 33.62 RSUs on 1/15/2026, and 30.61 RSUs on 4/15/2026 pursuant to a dividend reinvestment feature of the PG&E Corporation 2021 LTIP.
Key Figures
RSU grant size: 10,948 shares
Total holdings after grant: 27,923.45 shares
Dividend RSUs 07/15/2025: 20.34 RSUs
+4 more
7 metrics
RSU grant size
10,948 shares
Award of common stock/RSUs on May 21, 2026
Total holdings after grant
27,923.45 shares
Direct holdings following reported transaction
Dividend RSUs 07/15/2025
20.34 RSUs
Credited via dividend reinvestment feature
Dividend RSUs 10/15/2025
15.88 RSUs
Credited via dividend reinvestment feature
Dividend RSUs 01/15/2026
33.62 RSUs
Credited via dividend reinvestment feature
Dividend RSUs 04/15/2026
30.61 RSUs
Credited via dividend reinvestment feature
Grant price per share
$0.0000 per share
Indicates compensation grant, not purchase
Key Terms
Restricted Stock Units (RSUs), PG&E Corporation 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.
PG&E Corporation 2021 Long Term Incentive Plan (LTIP) financial
"RSUs granted under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP)."
dividend reinvestment feature financial
"pursuant to a dividend reinvestment feature of the PG&E Corporation 2021 LTIP."
change in control financial
"termination following a change in control; or a change in control in which the acquiror does not assume, continue, or substitute the award."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did PG&E Corp (PCG) director Leo P. Denault report on this Form 4?
Leo P. Denault reported receiving an equity award of 10,948 PG&E Corp common shares as Restricted Stock Units. These RSUs were granted as director compensation under the 2021 Long Term Incentive Plan and did not involve an open-market stock purchase.
What are the key terms of the PG&E Corp RSUs granted to Leo P. Denault?
The RSUs are payable in PG&E Corp common stock on a one-for-one basis and generally vest after one year. They may also vest earlier upon the end of the director’s term, death, disability, or certain change in control events described in the long-term incentive plan.
What is the PG&E Corp 2021 Long Term Incentive Plan (LTIP) mentioned in the Form 4?
The 2021 Long Term Incentive Plan is PG&E Corp’s equity compensation program under which directors receive RSUs. The plan includes vesting rules and a dividend reinvestment feature that credits fractional RSUs over time, increasing the director’s total share-based holdings incrementally.
How did dividend reinvestment affect Leo P. Denault’s PG&E Corp RSU holdings?
Footnotes show dividend reinvestment credited 20.34, 15.88, 33.62, and 30.61 RSUs on four dates. These small additions came from the plan’s dividend reinvestment feature, slightly increasing Denault’s overall RSU-based holdings in PG&E Corp before and alongside the main grant.