PG&E Corp (NYSE: PCG) director gets 10,948 RSU equity award
Rhea-AI Filing Summary
PG&E Corporation director John O. Larsen received an equity award in the form of Restricted Stock Units (RSUs). On May 21, 2026, he was granted 10,948 shares of common stock at a price of $0.00 per share as a grant or award acquisition. The RSUs were granted under the PG&E Corporation 2021 Long Term Incentive Plan and are payable in shares of common stock on a one-for-one basis.
Under the plan, these RSUs vest upon the earliest of one year from the grant date, the last day of a director's elected term, a director's death or disability, a termination following a change in control, or a qualifying change in control. Following this award and prior RSU-related acquisitions described in the plan’s dividend reinvestment feature, Larsen’s direct holdings reported in this filing total 29,123.45 shares.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 10,948 shares
Net Buy
1 txn
Insider
LARSEN JOHN O
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,948 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 29,123.45 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 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
RSUs granted: 10,948 shares
Grant price: $0.00 per share
Total holdings after transaction: 29,123.45 shares
+2 more
5 metrics
RSUs granted
10,948 shares
Grant of RSUs on May 21, 2026
Grant price
$0.00 per share
Price for RSU grant to director
Total holdings after transaction
29,123.45 shares
Direct holdings following RSU grant
Dividend reinvestment RSUs (Jan 15, 2026)
33.62 RSUs
Acquired via dividend reinvestment feature
Dividend reinvestment RSUs (Apr 15, 2026)
30.61 RSUs
Acquired via dividend reinvestment feature
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
"RSUs on 4/15/2026 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 does the latest Form 4 for PG&E Corp (PCG) show for John O. Larsen?
The Form 4 shows director John O. Larsen received a grant of 10,948 Restricted Stock Units at $0.00 per share. These RSUs were awarded under PG&E Corporation’s 2021 Long Term Incentive Plan and are payable in common stock on a one-for-one basis.
What are the key terms of the RSUs granted to PG&E Corp (PCG) director John O. Larsen?
The RSUs are payable in PG&E common stock on a one-for-one basis and vest upon specified triggers. Vesting occurs at the earliest of one year from grant, end of the director’s elected term, death, disability, certain terminations after a change in control, or specified change in control events.
Were the PG&E Corp (PCG) RSUs granted to John O. Larsen purchased on the market?
No, the 10,948 RSUs were recorded at a price of $0.00 per share as a grant or award. The filing classifies the transaction as a grant, award, or other acquisition rather than an open-market purchase, reflecting compensation under the 2021 Long Term Incentive Plan.
How do dividend reinvestments affect John O. Larsen’s PG&E Corp (PCG) RSU holdings?
The filing notes acquisitions of 33.62 RSUs on January 15, 2026, and 30.61 RSUs on April 15, 2026 via a dividend reinvestment feature. These small incremental RSU amounts are added to Larsen’s overall position as part of the 2021 Long Term Incentive Plan.