PG&E director receives 10,948 RSUs grant

PG&E Corp director William Craig Fugate received an award of 10,948 Restricted Stock Units (RSUs) of PG&E common stock on May 21, 2026.

Rhea-AI Filing Summary

PG&E Corp director William Craig Fugate received an award of 10,948 Restricted Stock Units (RSUs) of PG&E common stock on May 21, 2026. The RSUs were granted at no cash cost to him under the PG&E Corporation 2021 Long Term Incentive Plan.

Each RSU converts into one share of PG&E common stock upon vesting. According to the plan, these RSUs vest at the earliest of one year from grant, the last day of the director’s elected term, or upon specified events such as death, disability, or certain change-in-control situations.

After this grant, Fugate directly holds 79,999 shares or share-equivalent units, a figure that includes prior small RSU amounts acquired through the plan’s dividend reinvestment feature.

Insider Trade Summary

Grant/Award: 10,948 shares

Grant/Award 1 txn

Insider Fugate William Craig

Role Director

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

Holdings After Transaction: Common Stock — 79,999 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 20.34 RSUs on 7/15/2025, 15.88 RSUs on 10/15/2025, 33.62 RSUs on 1/15/2026, and 30.61 RSUs on 4/15/2026 pursuant to a dividend reinvestment feature of the PG&E Corporation 2021 LTIP.

Key Figures

RSUs granted: 10,948 units Grant price: $0.0000 per unit Holdings after grant: 79,999 shares/units +4 more

7 metrics

RSUs granted 10,948 units Restricted Stock Units awarded on May 21, 2026

Grant price $0.0000 per unit Reported transaction price per RSU

Holdings after grant 79,999 shares/units Total direct share-equivalent holdings following transaction

Dividend reinvestment RSUs 20.34 units RSUs credited on July 15, 2025 via dividend reinvestment

Dividend reinvestment RSUs 15.88 units RSUs credited on October 15, 2025 via dividend reinvestment

Dividend reinvestment RSUs 33.62 units RSUs credited on January 15, 2026 via dividend reinvestment

Dividend reinvestment RSUs 30.61 units RSUs credited on April 15, 2026 via dividend reinvestment

Key Terms

Restricted Stock Units (RSUs), Long Term Incentive Plan (LTIP), dividend reinvestment feature

3 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.

Long Term Incentive Plan (LTIP) financial

"RSUs granted under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP)."

dividend reinvestment feature financial

"RSUs on 4/15/2026 pursuant to a dividend reinvestment feature of the PG&E Corporation 2021 LTIP."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PG&E (PCG) director William Craig Fugate report?

Director William Craig Fugate reported receiving 10,948 Restricted Stock Units (RSUs) of PG&E common stock as an award. The grant was made at no cash cost under the company’s 2021 Long Term Incentive Plan and increases his direct equity-based holdings.

How many PG&E (PCG) shares does William Craig Fugate hold after this Form 4?

After the RSU award, William Craig Fugate holds 79,999 PG&E share-equivalent units directly. This total includes the new 10,948 RSUs plus previously accumulated RSUs, including small fractional amounts acquired through the plan’s dividend reinvestment feature over multiple prior dates.

What are the key vesting conditions for PG&E (PCG) director RSUs in this filing?

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

Under which plan were the PG&E (PCG) RSUs granted to William Craig Fugate?

The 10,948 RSUs were granted under the PG&E Corporation 2021 Long Term Incentive Plan. This plan provides equity-based compensation to directors, with RSUs payable in PG&E common stock on a one-for-one basis when vesting conditions described in the plan are satisfied.

Does the PG&E (PCG) RSU award to William Craig Fugate involve any purchase price?

The RSU award carries no purchase price; it is a grant with a reported price per unit of 0.0000. Fugate does not pay cash to receive the 10,948 RSUs, which are a form of equity compensation that may convert into shares upon vesting.

How did dividend reinvestment affect William Craig Fugate’s PG&E (PCG) RSU balance?

His total RSU-related holdings reflect additional fractional units from dividend reinvestment. Footnotes show acquisitions of 20.34, 15.88, 33.62, and 30.61 RSUs on prior dates, all credited under the 2021 Long Term Incentive Plan’s dividend reinvestment feature, increasing his aggregate position.

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

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Accepted by SEC EDGAR 05/26/2026 - 04:27 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^*

Fugate William Craig

(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	79,999(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 20.34 RSUs on 7/15/2025, 15.88 RSUs on 10/15/2025, 33.62 RSUs on 1/15/2026, and 30.61 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 William Craig Fugate (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)