PG&E Corp (PCG) CFO granted 40,817 RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PG&E Corporation EVP and CFO Carolyn Jeanne Burke reported a new equity award and related tax withholding. She received a grant of 40,817 shares of common stock on a zero-price award under the 2021 Long-Term Incentive Plan, in the form of Restricted Stock Units payable one-for-one in shares.
On the following day, 4,067 shares were forfeited to satisfy tax withholding obligations tied to the RSU vesting. After these transactions, she directly owned 84,754 shares of PG&E Corporation common stock as reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Burke Carolyn Jeanne
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,067 | $19.11 | $78K |
| Grant/Award | Common Stock | 40,817 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 84,754 shares (Direct)
Footnotes (1)
- Restricted Stock Units (RSUs) granted under the PG&E Corporation 2021 Long-Term Incentive Plan. RSUs are payable in shares of PG&E Corporation stock on a one-for-one basis. These shares were forfeited to satisfy tax withholding obligations in connection with the vesting of RSUs.
FAQ
What insider transactions did PG&E Corp (PCG) report for Carolyn Burke?
PG&E Corp reported that EVP and CFO Carolyn Burke received a grant of 40,817 RSU-based common shares, then forfeited 4,067 shares to cover tax withholding. Following these transactions, her reported direct ownership stood at 84,754 PG&E common shares.
Was the PG&E Corp (PCG) CFO’s Form 4 a stock purchase or sale?
The filing shows no open-market buy or sell. Burke received 40,817 shares as a stock grant and then 4,067 shares were disposed of solely to satisfy tax withholding obligations related to RSU vesting, rather than a discretionary sale.
What plan governs the PG&E Corp (PCG) CFO’s new RSU grant?
The Restricted Stock Units granted to Carolyn Burke were issued under the PG&E Corporation 2021 Long-Term Incentive Plan. Each RSU is payable in one share of PG&E common stock, aligning executive compensation with shareholder interests through equity-based awards.