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

HERNANDEZ CARLOS M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

HERNANDEZ CARLOS M reported acquisition or exercise transactions in this Form 4 filing.

PG&E Corp director Carlos M. Hernandez received a grant of 10,948 shares of common stock in the form of Restricted Stock Units (RSUs) under the 2021 Long Term Incentive Plan. The award was at no cash cost and brings his direct holdings to 57,270.96 shares. The RSUs vest after one year from grant or earlier upon specific events such as the end of his elected term, death, disability, or certain change-in-control situations described in the plan.

Insider Trade Summary

Grant/Award: 10,948 shares

Grant/Award 1 txn

Insider HERNANDEZ CARLOS M

Role Director

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

Holdings After Transaction: Common Stock — 57,270.96 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 82.26 RSUs on 7/15/2025, 64.24 RSUs on 10/15/2025, 136.00 RSUs on 1/15/2026, and 123.80 RSUs on 4/15/2026 pursuant to a dividend reinvestment feature of the PG&E Corporation 2021 LTIP.

Key Figures

RSUs granted: 10,948 shares Price per share: $0.0000 per share Holdings after grant: 57,270.96 shares +4 more

7 metrics

RSUs granted 10,948 shares Restricted Stock Units granted on 2026-05-21

Price per share $0.0000 per share Reported grant price for RSUs

Holdings after grant 57,270.96 shares Total PG&E Corp common stock following transaction

Dividend reinvestment RSUs 7/15/2025 82.26 RSUs Credited via LTIP dividend reinvestment feature

Dividend reinvestment RSUs 10/15/2025 64.24 RSUs Credited via LTIP dividend reinvestment feature

Dividend reinvestment RSUs 1/15/2026 136.00 RSUs Credited via LTIP dividend reinvestment feature

Dividend reinvestment RSUs 4/15/2026 123.80 RSUs Credited via LTIP dividend reinvestment feature

Key Terms

Restricted Stock Units (RSUs), 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 (LTIP)."

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.

2021 Long Term Incentive Plan (LTIP) financial

"RSUs 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 does not assume, continue, or substitute the award."

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 insider transaction did PG&E Corp (PCG) report for Carlos M. Hernandez?

PG&E Corp reported that director Carlos M. Hernandez received a grant of 10,948 Restricted Stock Units. The RSUs are payable in common shares on a one-for-one basis and were granted at no cash cost as part of the company’s 2021 Long Term Incentive Plan.

How many PG&E Corp (PCG) shares does Carlos M. Hernandez hold after this Form 4?

Following the RSU grant, Carlos M. Hernandez is shown holding 57,270.96 shares of PG&E Corp common stock. This total includes prior RSU accumulations from the dividend reinvestment feature of the 2021 Long Term Incentive Plan, as detailed in the filing’s explanatory footnote.

What are the key vesting conditions for the PG&E Corp (PCG) RSUs granted to Hernandez?

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

How are the PG&E Corp (PCG) RSUs for Carlos M. Hernandez settled?

The Restricted Stock Units granted to Hernandez are payable in PG&E Corp common stock on a one-for-one basis. This means each vested RSU converts into one share, providing equity-based compensation rather than cash, in line with the 2021 Long Term Incentive Plan’s structure.

What does the dividend reinvestment feature mean in PG&E Corp’s 2021 LTIP for PCG?

The dividend reinvestment feature of PG&E Corp’s 2021 Long Term Incentive Plan credits additional RSUs instead of cash dividends. For Hernandez, the filing notes acquisitions of 82.26, 64.24, 136.00, and 123.80 RSUs on specific past dates through this reinvestment mechanism.

Is the Carlos M. Hernandez Form 4 for PG&E Corp (PCG) an open-market stock purchase?

No, the Form 4 reflects a grant or award acquisition of 10,948 RSUs, not an open-market purchase. The transaction code is “A,” indicating a compensation-related award under the 2021 Long Term Incentive Plan, with a reported price per share of $0.0000.

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

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Accepted by SEC EDGAR 05/26/2026 - 04:29 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^*

HERNANDEZ CARLOS M

(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	57,270.96(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 82.26 RSUs on 7/15/2025, 64.24 RSUs on 10/15/2025, 136.00 RSUs on 1/15/2026, and 123.80 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 Carlos M. Hernandez (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)