PG&E Corp (NYSE: PCG) CEO details RSU grants, tax withholding and gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PG&E Corp Chief Executive Officer Patricia K. Poppe reported several stock transactions involving company common shares. On March 2, she acquired 200,157 shares as a grant under a long-term incentive plan, increasing her direct holdings. On March 3, 39,972 shares were forfeited at $19.11 per share to satisfy tax withholding tied to vesting restricted stock units, and 32,335 shares were transferred as a bona fide gift. Also on March 3, 32,335 shares were acquired indirectly by the Patricia K. Poppe Revocable Living Trust. On March 4, she received an additional 3,973 shares as a stock award, bringing her direct ownership to 348,744 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
32,335 shares gifted
Mixed
5 txns
Insider
Poppe Patricia K
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,973 | $0.00 | -- |
| Tax Withholding | Common Stock | 39,972 | $19.11 | $764K |
| Gift | Common Stock | 32,335 | $0.00 | -- |
| Grant/Award | Common Stock | 32,335 | $0.00 | -- |
| Grant/Award | Common Stock | 200,157 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 348,744 shares (Direct);
Common Stock — 2,304,518 shares (Indirect, Held by Patricia K. Poppe Revocable Living Trust)
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 did PG&E Corp (PCG) CEO Patricia Poppe report in this Form 4?
PG&E Corp CEO Patricia K. Poppe reported multiple common stock transactions, including stock grants, tax-related share forfeitures, and a bona fide gift. These entries reflect routine equity compensation activity and related adjustments to her direct and indirect share holdings.
What gift transaction did the PG&E Corp (PCG) CEO report?
On March 3, Patricia K. Poppe reported a bona fide gift of 32,335 PG&E Corp common shares. The transaction is coded “G,” indicating a gift transfer, and is separate from her stock awards and tax-withholding share forfeitures disclosed in the same Form 4.
What is the role of the revocable living trust in PG&E Corp (PCG) holdings?
The filing notes 32,335 PG&E Corp shares acquired on March 3 are held indirectly through the Patricia K. Poppe Revocable Living Trust. This trust ownership is reported as indirect, separate from her directly held common stock position disclosed in the Form 4.