PG&E Corp (PCG) EVP receives RSU grant, forfeits shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PG&E Corp executive Jason M. Glickman reported equity compensation activity involving company common stock. He received a grant of 27,473 Restricted Stock Units under the PG&E Corporation 2021 Long-Term Incentive Plan, which are payable in shares of PG&E stock on a one-for-one basis. In connection with RSU vesting, 5,888 shares were forfeited to cover tax withholding obligations. Following these transactions, he directly held 183,697 shares of PG&E common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Glickman Jason M
Role
EVP, Strategy and Growth
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,888 | $19.11 | $113K |
| Grant/Award | Common Stock | 27,473 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 183,697 shares (Direct)
Footnotes (1)
- Restricted Stock Units (RSUs) granted under the PG&E Corporation 2021 Long-Term Incentive Plan. RSUs are payable in shares of PG&E Corporation stock on a one-for-one basis. These shares were forfeited to satisfy tax withholding obligations in connection with the vesting of RSUs.
FAQ
What insider transactions did PG&E Corp (PCG) report for Jason M. Glickman?
Jason M. Glickman reported a grant of 27,473 Restricted Stock Units and a related forfeiture of 5,888 PG&E common shares to satisfy tax withholding obligations. These transactions reflect equity compensation activity rather than open-market buying or selling of stock.
Was the PG&E Corp Form 4 transaction a stock sale by Jason M. Glickman?
The filing shows no open-market sale by Jason M. Glickman. Instead, 5,888 shares were forfeited to satisfy tax withholding obligations tied to vesting Restricted Stock Units, a common administrative mechanism for covering tax liabilities on equity compensation.
What type of equity award did PG&E Corp grant to Jason M. Glickman?
PG&E Corp granted Jason M. Glickman 27,473 Restricted Stock Units under its 2021 Long-Term Incentive Plan. Each RSU is payable in one share of PG&E common stock, aligning executive compensation with the company’s equity performance over time.
What role does Jason M. Glickman hold at PG&E Corp according to this Form 4?
According to the Form 4, Jason M. Glickman serves as Executive Vice President, Strategy and Growth at PG&E Corp. His reported transactions involve equity compensation in the form of Restricted Stock Units and related tax-withholding share forfeitures.