PG&E Corp (NYSE: PCG) grants phantom stock to Chief People Officer
Rhea-AI Filing Summary
PG&E Corp (PCG) reported that officer Alejandro T. Vallejo, EVP and Chief People Officer, acquired 420.710 units of Phantom Stock on 2026-08-21 as a grant/award. Each phantom stock unit is economically equivalent to one share of common stock and is payable in cash after his service as an officer ends. Following this award, Vallejo holds a total of 34,930.540 phantom stock units, which arise from deferred compensation under the SRSP and credits under the DC-ESRP, each exempt under Rule 16b-3(d).
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vallejo Alejandro T
Role
EVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1, F2 | 420.71 | $17.60 | $7K |
Holdings After Transaction:
Phantom Stock — 34,930.54 shares (Direct)
Footnotes (2)
- F1. Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable in cash following the reporting person's termination of service as an officer. The reporting person may transfer his phantom stock account into an alternative investment account at any time, subject to the terms of the PG&E Corporation 2005 Supplemental Retirement Savings Plan ("SRSP") and the PG&E Corporation Defined Contribution Executive Supplemental Retirement Plan ("DC-ESRP").
- F2. Phantom stock acquired upon (1) deferral of compensation under the SRSP and (2) credits awarded to the reporting person's account under the DC-ESRP, each exempt under Rule 16b-3(d).
Key Figures
Phantom Stock units granted: 420.710 units
Transaction price per Phantom Stock unit: $17.60 per unit
Total Phantom Stock holdings after transaction: 34,930.540 units
+2 more
5 metrics
Phantom Stock units granted
420.710 units
Grant/award on 2026-08-21 to EVP and Chief People Officer Alejandro T. Vallejo
Transaction price per Phantom Stock unit
$17.60 per unit
Recorded price for the 2026-08-21 Phantom Stock grant
Total Phantom Stock holdings after transaction
34,930.540 units
Post-transaction phantom stock balance for Alejandro T. Vallejo
Underlying common stock equivalent
420.710 shares
Each Phantom Stock unit is economically equivalent to one share of common stock
Form code
A
Grant, award, or other acquisition of derivative security
Key Terms
Phantom Stock, Rule 16b-3(d), Supplemental Retirement Savings Plan, Defined Contribution Executive Supplemental Retirement Plan
4 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Rule 16b-3(d) regulatory
"credits awarded to the reporting person's account under the DC-ESRP, each exempt under Rule 16b-3(d)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Supplemental Retirement Savings Plan financial
"subject to the terms of the PG&E Corporation 2005 Supplemental Retirement Savings Plan"
Defined Contribution Executive Supplemental Retirement Plan financial
"the PG&E Corporation Defined Contribution Executive Supplemental Retirement Plan ("DC-ESRP")"
FAQ
What insider transaction did PG&E Corp (PCG) disclose for Alejandro T. Vallejo?
PG&E Corp disclosed that Alejandro T. Vallejo, EVP and Chief People Officer, received a grant of 420.710 Phantom Stock units on 2026-08-21, classified as a grant, award, or other acquisition under transaction code A.
How many phantom stock units does Alejandro T. Vallejo hold after this PG&E (PCG) transaction?
After the 2026-08-21 grant of 420.710 Phantom Stock units, Alejandro T. Vallejo holds a total of 34,930.540 Phantom Stock units, according to the reported post-transaction holdings figure.
What is Phantom Stock in the context of PG&E Corp (PCG)?
Each PG&E Corp Phantom Stock unit is the economic equivalent of one share of common stock and becomes payable in cash after the officer’s termination of service. The value tracks the common stock but does not represent actual share ownership.
How was the phantom stock award to Alejandro T. Vallejo at PG&E (PCG) priced?
The 420.710 Phantom Stock units awarded to Alejandro T. Vallejo were recorded at a transaction price of $17.60 per unit, with each unit economically equivalent to one share of PG&E Corp common stock.
Under which plans were Alejandro T. Vallejo’s PG&E (PCG) phantom stock units credited?
The filing states that the phantom stock was acquired upon (1) deferral of compensation under the SRSP and (2) credits awarded under the DC-ESRP, with both components treated as exempt under Rule 16b-3(d).
Can Alejandro T. Vallejo move his PG&E (PCG) phantom stock into other investments?
Yes. The officer may transfer his Phantom Stock account into an alternative investment account at any time, subject to the terms of PG&E Corporation’s 2005 SRSP and the DC-ESRP plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.
