PG&E Corp's Vallejo acquires 586.27 stock-linked pay units

The phantom stock units are cash-payable after the officer's service ends and each is the economic equivalent of one common share.

Rhea-AI Filing Summary

PG&E Corp EVP, Chief People Officer Alejandro T. Vallejo acquired 586.27 phantom stock units on October 23, 2026, at a reported $12.63 per share. The units were credited through compensation deferrals and account credits under the SRSP and DC-ESRP; no Rule 10b5-1 plan is reported. His resulting position was 36,250.53 units, including 137.065 units acquired October 15, 2026, through dividend reinvestment. Phantom stock is payable in cash following termination of service as an officer.

Insider Trade Summary

Grant/Award: 586.27 shares

Grant/Award 1 txn

Insider Vallejo Alejandro T

Role EVP, Chief People Officer

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock F1, F2, F3	586.27	$12.63	$7K

Holdings After Transaction: Phantom Stock — 36,250.53 contracts (Direct)

Footnotes (3)

1. F1. Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable in cash following the reporting person's termination of service as an officer. The reporting person may transfer his phantom stock account into an alternative investment account at any time, subject to the terms of the PG&E Corporation 2005 Supplemental Retirement Savings Plan ("SRSP") and the PG&E Corporation Defined Contribution Executive Supplemental Retirement Plan ("DC-ESRP").
2. F2. Phantom stock acquired upon (1) deferral of compensation under the SRSP and (2) credits awarded to the reporting person's account under the DC-ESRP, each exempt under Rule 16b-3(d).
3. F3. This total includes 137.065 units of phantom stock acquired on 10/15/2026 pursuant to a dividend reinvestment feature of the SRSP and the DC-ESRP.

Key Figures

Phantom stock units acquired: 586.27 units Reported price per share: $12.63 per share Resulting phantom stock position: 36,250.53 units +1 more

4 metrics

Phantom stock units acquired 586.27 units October 23, 2026

Reported price per share $12.63 per share Phantom stock acquisition on October 23, 2026

Resulting phantom stock position 36,250.53 units Following the October 23, 2026 transaction

Units acquired through dividend reinvestment 137.065 units Acquired October 15, 2026; included in the reported resulting position

Key Terms

Phantom stock, dividend reinvestment feature, Supplemental Retirement Savings Plan, Defined Contribution Executive Supplemental Retirement Plan, +1 more

5 terms

Phantom stock financial

"the acquisition of 586.27 phantom stock units reported for October 23, 2026"

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

dividend reinvestment feature financial

"137.065 units acquired October 15, 2026, through dividend reinvestment"

Supplemental Retirement Savings Plan financial

"compensation deferral under the SRSP"

Defined Contribution Executive Supplemental Retirement Plan financial

"credits awarded to the reporting person's account under the DC-ESRP"

Rule 16b-3(d) regulatory

"the compensation deferral and account credits exempt under Rule 16b-3(d)"

Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.

FAQ

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

How many phantom stock units did PCG's chief people officer acquire?

Alejandro T. Vallejo acquired 586.27 phantom stock units on October 23, 2026, at a reported $12.63 per share; his reported resulting position was 36,250.53 units. The acquisition arose from compensation deferrals and account credits, and no Rule 10b5-1 plan is reported.

How do PG&E phantom stock units work?

Each phantom stock unit is the economic equivalent of one share of common stock and becomes payable in cash following the reporting person's termination of service as an officer. The account may be transferred to an alternative investment account at any time, subject to the terms of the SRSP and DC-ESRP.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/27/2026 - 04:12 PM EDT Accepted by SEC EDGAR 10/27/2026 - 04:12 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^*

Vallejo Alejandro T

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief People Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2026

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

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
Phantom Stock	(1)	10/23/2026		A		586.27(2)		(1)	(1)	Common Stock	586.27	$12.63	36,250.53(3)	D

Explanation of Responses:

1. Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable in cash following the reporting person's termination of service as an officer. The reporting person may transfer his phantom stock account into an alternative investment account at any time, subject to the terms of the PG&E Corporation 2005 Supplemental Retirement Savings Plan ("SRSP") and the PG&E Corporation Defined Contribution Executive Supplemental Retirement Plan ("DC-ESRP").

2. Phantom stock acquired upon (1) deferral of compensation under the SRSP and (2) credits awarded to the reporting person's account under the DC-ESRP, each exempt under Rule 16b-3(d).

3. This total includes 137.065 units of phantom stock acquired on 10/15/2026 pursuant to a dividend reinvestment feature of the SRSP and the DC-ESRP.

Remarks:

	/s/ Koyo Konishi, attorney-in-fact for Alejandro T. Vallejo (Signed Power of Attorney on file with SEC)	10/27/2026
	** 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)