[Form 4] PG&E Corporation Insider Trading Activity
PG&E Corporation (PCG) insider filing: Kaled Awada, EVP and Chief People Officer, reported acquisition of 11,761.8 units of phantom stock on 03/14/2025. Each unit is the economic equivalent of one share of common stock and the filing shows a price of $16.78 per underlying share. The phantom stock becomes payable in cash upon the reporting person’s termination of service, and may be transferred into an alternative investment account at any time. The filing states these units were acquired via deferral of compensation under the PG&E Corporation 2005 Supplemental Retirement Savings Plan and credits under the Defined Contribution Executive Supplemental Retirement Plan. The total beneficial ownership reported after the transaction is 11,801.59 units, which includes additional dividend reinvestment credits of 17.14 units (4/15/2025) and 22.65 units (7/15/2025). The form is signed by an attorney-in-fact.
PG&E Corporation (PCG) comunicazione insider: Kaled Awada, EVP e Chief People Officer, ha riportato l'acquisizione di 11.761,8 unità di phantom stock in data 14/03/2025. Ciascuna unità corrisponde economicamente a una azione ordinaria e la comunicazione indica un prezzo di $16,78 per azione sottostante. La phantom stock sarà pagabile in contanti al termine del rapporto di lavoro della persona segnalata e può essere trasferita in qualsiasi momento in un conto di investimento alternativo. La comunicazione dichiara che queste unità sono state acquisite tramite differimento della retribuzione ai sensi del PG&E Corporation 2005 Supplemental Retirement Savings Plan e tramite accrediti ai sensi del Defined Contribution Executive Supplemental Retirement Plan. La proprietà effettiva totale riportata dopo la transazione è di 11.801,59 unità, che include ulteriori accrediti da reinvestimento dei dividendi pari a 17,14 unità (15/04/2025) e 22,65 unità (15/07/2025). Il modulo è firmato da un procuratore legale.
PG&E Corporation (PCG) declaración de insider: Kaled Awada, EVP y Chief People Officer, informó la adquisición de 11.761,8 unidades de phantom stock el 14/03/2025. Cada unidad equivale económicamente a una acción ordinaria y la declaración muestra un precio de $16,78 por acción subyacente. La phantom stock se pagará en efectivo al término del servicio de la persona informante y puede transferirse en cualquier momento a una cuenta de inversión alternativa. La declaración indica que estas unidades se adquirieron mediante diferimiento de compensación conforme al PG&E Corporation 2005 Supplemental Retirement Savings Plan y créditos bajo el Defined Contribution Executive Supplemental Retirement Plan. La propiedad beneficiaria total reportada después de la transacción es de 11.801,59 unidades, que incluye créditos adicionales por reinversión de dividendos de 17,14 unidades (15/04/2025) y 22,65 unidades (15/07/2025). El formulario está firmado por un apoderado.
PG&E Corporation (PCG) 내부자 신고: Kaled Awada(전무 겸 인사총괄책임자)는 2025-03-14에 11,761.8 단위의 팬텀 스톡을 취득했다고 신고했습니다. 각 단위는 보통주 1주에 해당하는 경제적 가치를 가지며, 신고서에는 기초 주당 가격이 $16.78로 기재되어 있습니다. 팬텀 스톡은 신고인의 근무 종료 시 현금으로 지급되며 언제든지 대체 투자 계정으로 이전할 수 있습니다. 해당 단위들은 PG&E Corporation 2005 Supplemental Retirement Savings Plan에 따른 보수 이연과 Defined Contribution Executive Supplemental Retirement Plan에 따른 크레딧을 통해 취득되었다고 신고서에 명시되어 있습니다. 거래 후 보고된 총 실질 소유는 11,801.59 단위로, 여기에는 배당 재투자 크레딧 17.14 단위(2025-04-15)와 22.65 단위(2025-07-15)가 포함됩니다. 양식은 변호사 대리인이 서명했습니다.
Déclaration d'initié de PG&E Corporation (PCG) : Kaled Awada, EVP et Chief People Officer, a déclaré l'acquisition de 11 761,8 unités de phantom stock le 14/03/2025. Chaque unité équivaut économiquement à une action ordinaire et la déclaration indique un prix de 16,78 $ par action sous-jacente. La phantom stock sera payable en espèces lors de la cessation de fonction de la personne déclarée et peut être transférée à tout moment sur un compte d'investissement alternatif. La déclaration précise que ces unités ont été acquises par report de rémunération dans le cadre du PG&E Corporation 2005 Supplemental Retirement Savings Plan et par des crédits du Defined Contribution Executive Supplemental Retirement Plan. La propriété bénéficiaire totale rapportée après la transaction est de 11 801,59 unités, incluant des crédits supplémentaires de réinvestissement de dividendes de 17,14 unités (15/04/2025) et 22,65 unités (15/07/2025). Le formulaire est signé par un mandataire.
PG&E Corporation (PCG) Insider-Meldung: Kaled Awada, EVP und Chief People Officer, meldete den Erwerb von 11.761,8 Einheiten von Phantom-Aktien am 14.03.2025. Jede Einheit entspricht wirtschaftlich einer Stammaktie, und in der Meldung wird ein Preis von $16,78 je zugrunde liegender Aktie angegeben. Die Phantom-Aktien werden bei Beendigung des Dienstverhältnisses der meldepflichtigen Person in bar ausgezahlt und können jederzeit in ein alternatives Anlagekonto übertragen werden. In der Meldung heißt es, diese Einheiten seien durch Vergütungsaufschub im Rahmen des PG&E Corporation 2005 Supplemental Retirement Savings Plan sowie durch Gutschriften im Defined Contribution Executive Supplemental Retirement Plan erworben worden. Das nach der Transaktion gemeldete Gesamteigentum beträgt 11.801,59 Einheiten, einschließlich zusätzlicher Dividenden-Reinvestitionsgutschriften von 17,14 Einheiten (15.04.2025) und 22,65 Einheiten (15.07.2025). Das Formular ist von einem Bevollmächtigten unterzeichnet.
- Clear disclosure of 11,761.8 phantom stock units and the economic equivalence to common stock
- Identifies source of units as compensation deferral and plan credits under named PG&E plans
- Includes dividend reinvestment details adding 17.14 and 22.65 units to the total, reaching 11,801.59 units
- None.
Insights
TL;DR: Reporting officer acquired deferred compensation in the form of 11,761.8 phantom stock units that mirror common shares and pay out in cash on termination.
This Form 4 documents receipt of phantom stock units resulting from compensation deferral and plan credits. Phantom units are described as economic equivalents of common shares and are payable in cash following termination of service, indicating these are non-equity, deferred cash-settled awards. The filing also notes dividend reinvestment credits added later, bringing the reported total to 11,801.59 units. For executive compensation analysis, these entries reflect use of supplemental retirement plans rather than open-market purchases or stock option exercises.
TL;DR: The disclosure is a routine Section 16 filing showing plan-based credits and deferrals, not a market transaction by the officer.
The Form 4 indicates the reporting person is an officer (EVP, Chief People Officer) and the transaction codes and explanations identify plan-based deferred compensation and plan credits as the source of the phantom stock. The filing includes specific unit counts, an explicit conversion equivalence to common stock, and subsequent dividend reinvestment additions. Documentation appears complete with a signed power of attorney on file. This is a procedural disclosure of compensation-related holdings rather than a trade for cash or stock on the open market.
PG&E Corporation (PCG) comunicazione insider: Kaled Awada, EVP e Chief People Officer, ha riportato l'acquisizione di 11.761,8 unità di phantom stock in data 14/03/2025. Ciascuna unità corrisponde economicamente a una azione ordinaria e la comunicazione indica un prezzo di $16,78 per azione sottostante. La phantom stock sarà pagabile in contanti al termine del rapporto di lavoro della persona segnalata e può essere trasferita in qualsiasi momento in un conto di investimento alternativo. La comunicazione dichiara che queste unità sono state acquisite tramite differimento della retribuzione ai sensi del PG&E Corporation 2005 Supplemental Retirement Savings Plan e tramite accrediti ai sensi del Defined Contribution Executive Supplemental Retirement Plan. La proprietà effettiva totale riportata dopo la transazione è di 11.801,59 unità, che include ulteriori accrediti da reinvestimento dei dividendi pari a 17,14 unità (15/04/2025) e 22,65 unità (15/07/2025). Il modulo è firmato da un procuratore legale.
PG&E Corporation (PCG) declaración de insider: Kaled Awada, EVP y Chief People Officer, informó la adquisición de 11.761,8 unidades de phantom stock el 14/03/2025. Cada unidad equivale económicamente a una acción ordinaria y la declaración muestra un precio de $16,78 por acción subyacente. La phantom stock se pagará en efectivo al término del servicio de la persona informante y puede transferirse en cualquier momento a una cuenta de inversión alternativa. La declaración indica que estas unidades se adquirieron mediante diferimiento de compensación conforme al PG&E Corporation 2005 Supplemental Retirement Savings Plan y créditos bajo el Defined Contribution Executive Supplemental Retirement Plan. La propiedad beneficiaria total reportada después de la transacción es de 11.801,59 unidades, que incluye créditos adicionales por reinversión de dividendos de 17,14 unidades (15/04/2025) y 22,65 unidades (15/07/2025). El formulario está firmado por un apoderado.
PG&E Corporation (PCG) 내부자 신고: Kaled Awada(전무 겸 인사총괄책임자)는 2025-03-14에 11,761.8 단위의 팬텀 스톡을 취득했다고 신고했습니다. 각 단위는 보통주 1주에 해당하는 경제적 가치를 가지며, 신고서에는 기초 주당 가격이 $16.78로 기재되어 있습니다. 팬텀 스톡은 신고인의 근무 종료 시 현금으로 지급되며 언제든지 대체 투자 계정으로 이전할 수 있습니다. 해당 단위들은 PG&E Corporation 2005 Supplemental Retirement Savings Plan에 따른 보수 이연과 Defined Contribution Executive Supplemental Retirement Plan에 따른 크레딧을 통해 취득되었다고 신고서에 명시되어 있습니다. 거래 후 보고된 총 실질 소유는 11,801.59 단위로, 여기에는 배당 재투자 크레딧 17.14 단위(2025-04-15)와 22.65 단위(2025-07-15)가 포함됩니다. 양식은 변호사 대리인이 서명했습니다.
Déclaration d'initié de PG&E Corporation (PCG) : Kaled Awada, EVP et Chief People Officer, a déclaré l'acquisition de 11 761,8 unités de phantom stock le 14/03/2025. Chaque unité équivaut économiquement à une action ordinaire et la déclaration indique un prix de 16,78 $ par action sous-jacente. La phantom stock sera payable en espèces lors de la cessation de fonction de la personne déclarée et peut être transférée à tout moment sur un compte d'investissement alternatif. La déclaration précise que ces unités ont été acquises par report de rémunération dans le cadre du PG&E Corporation 2005 Supplemental Retirement Savings Plan et par des crédits du Defined Contribution Executive Supplemental Retirement Plan. La propriété bénéficiaire totale rapportée après la transaction est de 11 801,59 unités, incluant des crédits supplémentaires de réinvestissement de dividendes de 17,14 unités (15/04/2025) et 22,65 unités (15/07/2025). Le formulaire est signé par un mandataire.
PG&E Corporation (PCG) Insider-Meldung: Kaled Awada, EVP und Chief People Officer, meldete den Erwerb von 11.761,8 Einheiten von Phantom-Aktien am 14.03.2025. Jede Einheit entspricht wirtschaftlich einer Stammaktie, und in der Meldung wird ein Preis von $16,78 je zugrunde liegender Aktie angegeben. Die Phantom-Aktien werden bei Beendigung des Dienstverhältnisses der meldepflichtigen Person in bar ausgezahlt und können jederzeit in ein alternatives Anlagekonto übertragen werden. In der Meldung heißt es, diese Einheiten seien durch Vergütungsaufschub im Rahmen des PG&E Corporation 2005 Supplemental Retirement Savings Plan sowie durch Gutschriften im Defined Contribution Executive Supplemental Retirement Plan erworben worden. Das nach der Transaktion gemeldete Gesamteigentum beträgt 11.801,59 Einheiten, einschließlich zusätzlicher Dividenden-Reinvestitionsgutschriften von 17,14 Einheiten (15.04.2025) und 22,65 Einheiten (15.07.2025). Das Formular ist von einem Bevollmächtigten unterzeichnet.
FAQ
What transaction did Kaled Awada report on Form 4 for PCG?
What is the economic nature of the phantom stock reported on PCG Form 4?
How much was the reported price per underlying share?
Did the filing include subsequent adjustments to the phantom stock total?
What plans generated the phantom stock units for Mr. Awada?
Who signed the Form 4 and when?
