PG&E director granted 10,948 RSUs under LTIP

PG&E Corporation director John O. Larsen received an equity award in the form of Restricted Stock Units (RSUs).

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.

Insider Trade Summary

Grant/Award: 10,948 shares

Grant/Award 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)

1. 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.
2. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many PG&E Corp (PCG) shares or units does John O. Larsen hold after this grant?

After the reported RSU grant, John O. Larsen’s directly held position is 29,123.45 shares. This total includes the new 10,948-unit award and prior incremental RSU acquisitions from the plan’s dividend reinvestment feature under the 2021 Long Term Incentive Plan.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 04:30 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LARSEN JOHN O

(Last) (First) (Middle)

C/O PG&E CORPORATION

300 LAKESIDE DRIVE

(Street)

OAKLAND CALIFORNIA 94612

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PG&E Corp [ PCG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/21/2026		A		10,948(1)	A	$0	29,123.45(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. 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.

Remarks:

	/s/ Koyo Konishi, attorney-in-fact for John O. Larsen (Signed Power of Attorney on file with SEC)	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)