PG&E director granted 10,948 RSUs in PCG stock

PG&E Corp director Rajat Bahri reported a new equity award of company stock.

Rhea-AI Filing Summary

PG&E Corp director Rajat Bahri reported a new equity award of company stock. On May 21, 2026, he received 10,948 shares of Common Stock at $0.00 per share, classified as a grant or award under the PG&E Corporation 2021 Long Term Incentive Plan.

The award consists of Restricted Stock Units that convert into common shares on a one-for-one basis and vest upon the earlier of one year from grant, the last day of his elected term, or certain events such as death, disability, or qualifying change in control. After this transaction, Bahri directly holds 83,169 shares of PG&E Corp common stock.

Insider Trade Summary

Grant/Award: 10,948 shares

Grant/Award 1 txn

Insider Bahri Rajat

Role Director

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

Holdings After Transaction: Common Stock — 83,169 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 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 Grant price per share: $0.00 per share Shares held after grant: 83,169 shares +4 more

7 metrics

RSU grant size 10,948 shares Common Stock grant on May 21, 2026

Grant price per share $0.00 per share RSU grant under 2021 LTIP

Shares held after grant 83,169 shares Direct PG&E Corp holdings following transaction

Dividend reinvestment RSUs on 7/15/2025 20.34 RSUs Credited via LTIP dividend reinvestment feature

Dividend reinvestment RSUs on 10/15/2025 15.88 RSUs Additional RSUs from LTIP dividend reinvestment

Dividend reinvestment RSUs on 1/15/2026 33.62 RSUs LTIP dividend reinvestment credit

Dividend reinvestment RSUs on 4/15/2026 30.61 RSUs Latest LTIP dividend reinvestment credit

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"

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

"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"

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 did PG&E Corp (PCG) director Rajat Bahri report on this Form 4?

Rajat Bahri reported receiving 10,948 shares of PG&E Corp Common Stock as a stock grant. The award is a Restricted Stock Unit grant under the 2021 Long Term Incentive Plan and increased his direct holdings to 83,169 shares after the transaction.

How many PG&E Corp (PCG) shares does Rajat Bahri hold after the reported grant?

Following the reported grant, Rajat Bahri directly holds 83,169 shares of PG&E Corp Common Stock. This total includes the new 10,948-share award and prior Restricted Stock Units accumulated under the company’s 2021 Long Term Incentive Plan, including amounts from its dividend reinvestment feature.

What type of transaction was reported for PG&E Corp (PCG) on May 21, 2026?

The transaction was an acquisition of shares through a grant or award, coded “A” on Form 4. Bahri received 10,948 shares of Common Stock at no cash cost, reflecting a Restricted Stock Unit award rather than an open-market purchase of PG&E Corp shares.

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

The Restricted Stock Units were granted under the PG&E Corporation 2021 Long Term Incentive Plan. This plan provides RSU awards that are payable in PG&E Corp common stock on a one-for-one basis, with vesting tied to service and certain change-in-control or separation events.

When do Rajat Bahri’s PG&E Corp (PCG) RSUs vest according to the plan terms?

The RSUs vest upon the earliest of one year from the grant date, the last day of Bahri’s elected director term, his death or disability, termination following a change in control, or a change in control where the acquiror does not assume, continue, or substitute the award under the plan.

How have PG&E Corp (PCG) dividend reinvestments affected Rajat Bahri’s RSUs?

Bahri’s total includes RSUs acquired through a dividend reinvestment feature of the 2021 Long Term Incentive Plan. The filing notes 20.34, 15.88, 33.62, and 30.61 RSUs credited on specific 2025 and 2026 dates, all adding to his overall Restricted Stock Unit balance.

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

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Accepted by SEC EDGAR 05/26/2026 - 04:38 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^*

Bahri Rajat

(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	83,169(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 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.

Remarks:

	/s/ Koyo Konishi, attorney-in-fact for Rajat Bahri (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)