What does the 5,151-share gift by PG&E (PCG) EVP John R. Simon represent?

The Form 4 reports a 5,151-share bona fide gift of PG&E common stock. This transaction is coded as a gift (code G), indicating a transfer without consideration, separate from compensation grants or tax-related share forfeitures reported in the same insider filing.

PG&E EVP John Simon logs stock grants, transfers

PG&E Corporation executive John R. Simon reported a mix of stock grants and share dispositions.

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Rhea-AI Filing Summary

PG&E Corporation executive John R. Simon reported a mix of stock grants and share dispositions. On March 2, 2026, he received a 31,398-share award of common stock, and a separate 5,151-share award was recorded for the Simon Family Trust.

Also on March 2, Simon made a bona fide gift of 5,151 shares of common stock. On March 3, 2026, 5,500 shares were forfeited to cover tax withholding tied to vesting restricted stock units. Retirement plan holdings were updated to reflect his balance in the PG&E Corporation Retirement Savings Plan.

Insider Trade Summary

5,151 shares gifted

Gift 5 txns

Insider SIMON JOHN R

Role EVP, GC, Chief E&C Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	5,500	$19.11	$105K
Grant/Award	Common Stock	31,398	$0.00	$0.00
Gift	Common Stock	5,151	$0.00	$0.00
Grant/Award	Common Stock	5,151	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 94,159.29 shares (Direct); Common Stock — 486,559 shares (Indirect, Held by Simon Family Trust); Common Stock — 3,237.15 shares (Indirect, Held by Trustee of PG&E Corporation Retirement Savings Plan)

Footnotes (4)

F1. 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.
F2. Includes 162.29 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program. SISOPs vest three years after the date of grant subject to accelerated vesting upon certain events. Unvested SISOPs are subject to forfeiture if certain stock ownership targets are not met. Vested SISOPs are automatically payable in an equal number of shares following termination of employment.
F3. These shares were forfeited to satisfy tax withholding obligations in connection with the vesting of RSUs.
F4. Represents the approximate number of shares of PG&E Corporation common stock held for the Reporting Person in the PG&E Corporation Stock Fund of the PG&E Corporation Retirement Savings Plan (RSP). That fund holds units consisting of PG&E Corporation common stock and a small short-term investments component. The number of shares is computed by dividing the value of the units by the daily closing price. Dividends are automatically invested in additional units at the election of the participant. These holdings have been trued up to conform to the RSP balance as of 3/2/2026.

FAQ

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What insider stock transactions did PG&E (PCG) EVP John R. Simon report?

John R. Simon reported stock grants, a gift, and shares withheld for taxes. He received 31,398 common shares, a related trust received 5,151 shares, he gifted 5,151 shares, and 5,500 shares were forfeited to satisfy tax withholding on vesting restricted stock units.

How many PG&E (PCG) shares were granted to John R. Simon in this Form 4?

The filing shows a grant of 31,398 PG&E common shares directly to John R. Simon. It also records a separate 5,151-share award to the Simon Family Trust, reflecting both direct and indirect equity compensation linked to his executive role at PG&E Corporation.

Why were 5,500 PG&E (PCG) shares disposed of in John R. Simon’s Form 4?

The 5,500-share disposition represents shares forfeited to satisfy tax withholding obligations when restricted stock units vested. Rather than selling on the market, these shares were delivered to cover the related tax liability, as described in the tax-withholding footnote to the transaction.

How are the Simon Family Trust holdings in PG&E (PCG) stock reflected?

The filing shows a 5,151-share acquisition coded as a grant or award held indirectly by the Simon Family Trust. This indicates trust-level ownership rather than direct personal holding, and it contributes to the total indirect common stock reported for that trust entity.

What PG&E (PCG) retirement plan holdings are reported for John R. Simon?

The Form 4 notes approximately 3,237.15 PG&E common shares held in the PG&E Corporation Stock Fund within the Retirement Savings Plan. These are represented as units in a fund combining company stock with short-term investments, and the balance is trued up to a March 2, 2026 valuation.

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Accepted by SEC EDGAR 03/04/2026 - 06:25 PM EST

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^*

SIMON JOHN R

(Last)

(First)

(Middle)

PG&E CORPORATION

300 LAKESIDE DRIVE

(Street)

OAKLAND

94612

(City)

(State)

(Zip)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, GC, Chief E&C Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/02/2026		A		31,398⁽¹⁾	A	$0	99,659.29⁽²⁾	D
Common Stock	03/03/2026		F		5,500⁽³⁾	D	$19.11	94,159.29	D
Common Stock	03/02/2026		G		5,151	D	$0	89,008.29	D
Common Stock	03/02/2026		A		5,151	A	$0	486,559	I	Held by Simon Family Trust
Common Stock								3,237.15⁽⁴⁾	I	Held by Trustee of PG&E Corporation Retirement Savings Plan

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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.

2. Includes 162.29 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program. SISOPs vest three years after the date of grant subject to accelerated vesting upon certain events. Unvested SISOPs are subject to forfeiture if certain stock ownership targets are not met. Vested SISOPs are automatically payable in an equal number of shares following termination of employment.

3. These shares were forfeited to satisfy tax withholding obligations in connection with the vesting of RSUs.

4. Represents the approximate number of shares of PG&E Corporation common stock held for the Reporting Person in the PG&E Corporation Stock Fund of the PG&E Corporation Retirement Savings Plan (RSP). That fund holds units consisting of PG&E Corporation common stock and a small short-term investments component. The number of shares is computed by dividing the value of the units by the daily closing price. Dividends are automatically invested in additional units at the election of the participant. These holdings have been trued up to conform to the RSP balance as of 3/2/2026.

Remarks:

	/s/ Koyo Konishi, attorney-in-fact for John R. Simon (signed Power of Attorney on file with SEC)	03/04/2026
	** 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.

Source: View Original Filing on SEC EDGAR