PG&E CEO gets stock grant, withholds, gifts shares

PG&E Corp Chief Executive Officer Patricia K. Poppe reported several equity transactions in company common stock.

Rhea-AI Filing Summary

PG&E Corp Chief Executive Officer Patricia K. Poppe reported several equity transactions in company common stock. She received a grant of 895,264 shares tied to a performance cycle under the PG&E Corporation 2021 Long-Term Incentive Plan, with performance shares payable on a one-for-one basis in common stock.

To cover tax withholding obligations upon vesting of these performance share units, 487,041 shares were forfeited at a price of $19.00 per share. Poppe also made bona fide gifts totaling 408,223 shares from her direct holdings and 408,223 shares from shares held indirectly through the Patricia K. Poppe Revocable Living Trust.

Insider Trade Summary

816,446 shares gifted

Gift 4 txns

Insider Poppe Patricia K

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	895,264	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	487,041	$19.00	$9.25M
Gift	Common Stock	408,223	$0.00	$0.00
Gift	Common Stock	408,223	$0.00	$0.00

Holdings After Transaction: Common Stock — 216,921 shares (Direct); Common Stock — 2,272,183 shares (Indirect, Held by Patricia K. Poppe Revocable Living Trust)

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

What equity award did PG&E Corp (PCG) CEO Patricia K. Poppe receive?

Patricia K. Poppe received 895,264 shares of PG&E Corp common stock as vested performance shares under the 2021 Long-Term Incentive Plan, for the performance cycle ended 12/31/2025, payable on a one-for-one basis in common stock.

How many PG&E Corp (PCG) shares were forfeited for tax withholding?

A total of 487,041 PG&E Corp shares were forfeited to satisfy tax withholding obligations related to the vesting of performance share units. The forfeiture price was reported as $19.00 per share, reflecting a non-open-market tax-withholding disposition.

Did PG&E Corp (PCG) CEO Patricia K. Poppe sell any shares on the open market?

The reported transactions show no open-market sales. Dispositions were classified as a tax-withholding forfeiture and bona fide gifts, rather than sales. Form 4 codes used were A for award, F for tax withholding, and G for gifts.

What gift transactions did PG&E Corp (PCG) CEO Patricia K. Poppe report?

Patricia K. Poppe reported bona fide gifts of PG&E Corp common stock. One gift involved 408,223 shares from her direct holdings, and a second involved 408,223 shares held indirectly through the Patricia K. Poppe Revocable Living Trust.

What is the role of the Patricia K. Poppe Revocable Living Trust in PG&E (PCG) holdings?

One reported transaction shows indirect ownership of PG&E Corp shares through the Patricia K. Poppe Revocable Living Trust. A bona fide gift of 408,223 shares was reported from this trust, reflecting indirect holdings separate from Poppe’s directly owned shares.

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Accepted by SEC EDGAR 03/03/2026 - 07:29 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^*

Poppe Patricia K

(Last) (First) (Middle)

C/O 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive 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		895,264(1)	A	$0	1,112,185	D
Common Stock	03/01/2026		F		487,041(2)	D	$19	625,144	D
Common Stock	03/01/2026		G		408,223	D	$0	216,921	D
Common Stock	03/01/2026		G		408,223	A	$0	2,272,183	I	Held by Patricia K. Poppe Revocable Living Trust

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 Patricia K. Poppe (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).
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.