PG&E director granted 10,948 RSUs as equity pay

Denecour Jessica reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Denecour Jessica reported acquisition or exercise transactions in this Form 4 filing.

PG&E Corporation director Jessica Denecour received an equity award of 10,948 Restricted Stock Units (RSUs) of common stock, recorded at no cash price, as compensation. The RSUs were granted under the PG&E Corporation 2021 Long Term Incentive Plan.

The RSUs vest upon the earliest of one year from grant, the last day of her elected term, or if she dies, becomes disabled, or is terminated after a qualifying change in control, including certain cases where an acquiror does not assume the award. Following this grant and prior dividend-based RSU accruals, she now holds 81,714.68 shares directly.

Insider Trade Summary

Grant/Award: 10,948 shares

Grant/Award 1 txn

Insider Denecour Jessica

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,948	$0.00	$0.00

Holdings After Transaction: Common Stock — 81,714.68 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 68.65 RSUs on 7/15/2025, 53.61 RSUs on 10/15/2025, 113.50 RSUs on 1/15/2026, and 103.32 RSUs on 4/15/2026 pursuant to a dividend reinvestment feature of the PG&E Corporation 2021 LTIP.

Key Figures

RSUs granted: 10,948 RSUs Shares after transaction: 81,714.68 shares Dividend RSUs 2025-07-15: 68.65 RSUs +4 more

7 metrics

RSUs granted 10,948 RSUs Equity award on 2026-05-21 to director Jessica Denecour

Shares after transaction 81,714.68 shares Total direct holdings following RSU grant

Dividend RSUs 2025-07-15 68.65 RSUs Credited via dividend reinvestment feature of 2021 LTIP

Dividend RSUs 2025-10-15 53.61 RSUs Credited via dividend reinvestment feature of 2021 LTIP

Dividend RSUs 2026-01-15 113.50 RSUs Credited via dividend reinvestment feature of 2021 LTIP

Dividend RSUs 2026-04-15 103.32 RSUs Credited via dividend reinvestment feature of 2021 LTIP

Grant price $0.00 per share RSU award recorded with no cash purchase price

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

"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."

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 insider transaction did PG&E Corp (PCG) disclose for Jessica Denecour?

PG&E Corp reported that director Jessica Denecour received an award of 10,948 Restricted Stock Units of common stock. The grant is a stock-based compensation award under the 2021 Long Term Incentive Plan and involved no cash purchase price, increasing her direct holdings.

How many PG&E Corp (PCG) shares does Jessica Denecour hold after this Form 4?

After the RSU grant, Jessica Denecour holds 81,714.68 PG&E Corp common shares directly. This total includes the new 10,948 RSUs and earlier fractional RSUs credited through the dividend reinvestment feature of the 2021 Long Term Incentive Plan.

What are the vesting conditions for Jessica Denecour’s PG&E Corp (PCG) RSUs?

Her RSUs vest at the earliest of one year from grant, the last day of her elected director term, her death or disability, or certain change-in-control events. Some change-in-control scenarios also accelerate vesting if an acquiror does not assume, continue, or substitute the award.

Under which plan were Jessica Denecour’s PG&E Corp (PCG) RSUs granted?

The RSUs were granted under the PG&E Corporation 2021 Long Term Incentive Plan. This plan provides equity-based compensation, and each RSU is payable in one share of PG&E common stock, aligning director incentives with shareholder interests over time.

How do dividend reinvestment features affect Jessica Denecour’s PG&E Corp (PCG) RSUs?

Her reported total holdings include 68.65, 53.61, 113.50, and 103.32 RSUs credited on specific 2025 and 2026 dates. These were added through a dividend reinvestment feature of the 2021 Long Term Incentive Plan, incrementally increasing her RSU-based ownership.

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Accepted by SEC EDGAR 05/26/2026 - 04:36 PM 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^*

Denecour Jessica

(Last) (First) (Middle)

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	81,714.68(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 68.65 RSUs on 7/15/2025, 53.61 RSUs on 10/15/2025, 113.50 RSUs on 1/15/2026, and 103.32 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 Jessica L. Denecour (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)