PG&E EVP gets 14,994 shares; 8,401 withheld

PG&E Corp executive Alejandro T. Vallejo reported equity compensation activity involving company common stock.

Rhea-AI Filing Summary

PG&E Corp executive Alejandro T. Vallejo reported equity compensation activity involving company common stock. He received a grant of 14,994 shares on a grant, award, or other acquisition basis, tied to vested performance shares under the PG&E Corporation 2021 Long-Term Incentive Plan for the performance cycle ended 12/31/2025.

A separate transaction disposed of 8,401 shares at a reported price of $19.00 per share to cover tax withholding obligations related to the vesting of performance share units and restricted stock units. After these transactions, Vallejo directly held 53,319 shares of PG&E Corp common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Vallejo Alejandro T

Role EVP, Chief People Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	14,994	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	8,401	$19.00	$160K

Holdings After Transaction: Common Stock — 53,319 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 and restricted stock units.

FAQ

What insider transactions did PG&E Corp (PCG) report for Alejandro T. Vallejo?

PG&E Corp reported that EVP and Chief People Officer Alejandro T. Vallejo received 14,994 common shares as an equity award and disposed of 8,401 shares to cover tax withholding obligations related to vested performance and restricted stock units.

How many PG&E Corp (PCG) shares did Alejandro T. Vallejo acquire in this Form 4?

Alejandro T. Vallejo acquired 14,994 shares of PG&E Corp common stock through a grant classified as a grant, award, or other acquisition, linked to vested performance shares under the company’s 2021 Long-Term Incentive Plan for the 12/31/2025 performance cycle.

Why did Alejandro T. Vallejo dispose of PG&E Corp (PCG) shares in this filing?

He disposed of 8,401 PG&E Corp common shares at $19.00 per share to satisfy tax withholding obligations arising from the vesting of performance share units and restricted stock units, as described in the Form 4 footnotes accompanying the reported transactions.

What is Alejandro T. Vallejo’s PG&E Corp (PCG) share ownership after these transactions?

Following the reported grant and tax-related share disposition, Alejandro T. Vallejo directly owns 53,319 shares of PG&E Corp common stock, according to the Form 4 totals listed for his non-derivative holdings after the transactions on March 1, 2026.

What compensation plan is referenced in Alejandro T. Vallejo’s PG&E Corp (PCG) Form 4?

The Form 4 states that vested performance shares were granted under the PG&E Corporation 2021 Long-Term Incentive Plan, covering a performance cycle that ended on 12/31/2025, with performance shares payable one-for-one in PG&E Corp common stock.

Are the PG&E Corp (PCG) shares granted to Alejandro T. Vallejo tied to performance?

Yes. The filing explains that the 14,994 acquired shares relate to vested performance shares for the performance cycle ended 12/31/2025, payable in PG&E Corp common stock on a one-for-one basis under the company’s 2021 Long-Term Incentive Plan.

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Accepted by SEC EDGAR 03/03/2026 - 07:33 PM 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^*

Vallejo Alejandro T

(Last) (First) (Middle)

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, Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		A		14,994(1)	A	$0	61,720	D
Common Stock	03/01/2026		F		8,401(2)	D	$19	53,319	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 and restricted stock units.

Remarks:

	/s/ Koyo Konishi, attorney-in-fact for Alejandro T. Vallejo (Signed Power of Attorney on file with SEC)	03/03/2026
	** 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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