PG&E CFO receives stock award, withholds shares for tax

PG&E Corporation EVP and CFO Carolyn Jeanne Burke reported compensation-related stock transactions.

Rhea-AI Filing Summary

PG&E Corporation EVP and CFO Carolyn Jeanne Burke reported compensation-related stock transactions. She acquired 144,806 shares of PG&E common stock at $0.00 per share as vested performance shares under the PG&E Corporation 2021 Long-Term Incentive Plan for the performance cycle ended 12/31/2025.

To cover tax withholding obligations tied to this vesting, 80,049 shares of common stock were forfeited at a value of $18.14 per share. After these transactions, Burke directly owned 149,511 shares of PG&E common stock. The filing reflects equity compensation and associated tax withholding, not open-market buying or selling.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Burke Carolyn Jeanne

Role EVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	144,806	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	80,049	$18.14	$1.45M

Holdings After Transaction: Common Stock — 149,511 shares (Direct)

Footnotes (2)

1. F1. Vested performance shares granted under the PG&E Corporation 2021 Long-Term Incentive Plan for the performance cycle ended 12/31/2025. Performance shares are payable in shares of PG&E Corporation common stock on a one-for-one basis.
2. F2. These shares were forfeited to satisfy tax withholding obligations in connection with the vesting of performance share units.

FAQ

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What did PG&E (PCG) CFO Carolyn Burke report in this Form 4?

She reported equity compensation and related tax withholding. Burke received 144,806 PG&E common shares from vested performance share awards, then forfeited 80,049 shares to satisfy tax obligations, ending with 149,511 directly owned shares after the transactions.

Were the PG&E (PCG) CFO’s Form 4 transactions open-market stock sales?

No, they were not open-market sales. The Form 4 shows a grant of 144,806 performance-based shares and a disposition of 80,049 shares solely to cover tax withholding upon vesting, a standard, non-discretionary compensation-related mechanism.

How many PG&E (PCG) shares does CFO Carolyn Burke hold after this filing?

After these transactions, Carolyn Burke directly owns 149,511 PG&E common shares. This reflects the net result of receiving 144,806 vested performance shares and forfeiting 80,049 shares to meet tax withholding obligations tied to those equity awards.

What is the nature of the PG&E (PCG) performance shares granted to the CFO?

The 144,806 shares represent vested performance shares from the PG&E Corporation 2021 Long-Term Incentive Plan. They relate to a performance cycle that ended on December 31, 2025, and are payable one-for-one in PG&E common stock upon vesting.

At what price were the PG&E (PCG) shares forfeited for tax withholding?

The 80,049 PG&E common shares forfeited for tax withholding were valued at $18.14 per share. This disposition was coded as a tax-withholding transaction, reflecting payment of tax obligations rather than a voluntary market sale of shares.

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

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Accepted by SEC EDGAR 03/17/2026 - 04:23 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
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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^*

Burke Carolyn Jeanne

(Last) (First) (Middle)

PG&E CORPORATION

300 LAKESIDE DRIVE

(Street)

OAKLAND CA 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 and CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/16/2026		A		144,806(1)	A	$0	229,560	D
Common Stock	03/16/2026		F		80,049(2)	D	$18.14	149,511	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. Vested performance shares granted under the PG&E Corporation 2021 Long-Term Incentive Plan for the performance cycle ended 12/31/2025. Performance shares are payable in shares of PG&E Corporation common stock on a one-for-one basis.

2. These shares were forfeited to satisfy tax withholding obligations in connection with the vesting of performance share units.

Remarks:

	/s/ Koyo Konishi, attorney-in-fact for Burke Carolyn Jeanne (Signed Power of Attorney on file with SEC	03/17/2026
	** 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).
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