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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.
PG&E Corp executive John R. Simon reported a mix of equity awards, tax-related share forfeitures, and gifts of common stock. He received a grant of 145,742 shares on March 1, 2026 at no cost, tied to vested performance shares under the PG&E Corporation 2021 Long-Term Incentive Plan, which are payable one-for-one in common stock.
On the same date, 92,782 shares were disposed of at $19 per share to cover tax withholding obligations related to the vesting of performance share units and restricted stock units. He also made bona fide gifts totaling 89,105 directly held shares and 89,105 shares held indirectly through the Simon Family Trust.
After these transactions, he directly owned 68,261.29 shares and indirectly owned 481,408 shares through the Simon Family Trust, plus approximately 3,237.15 shares held indirectly in the PG&E Corporation Retirement Savings Plan stock fund as of March 2, 2026.
PG&E Corp executive Marlene Santos reported a stock-based compensation event. She received a grant of 216,528 shares of common stock at no cost, reflecting vested performance shares for the cycle ended 12/31/2025. To cover tax withholding on this vesting, 111,854 shares were forfeited at a value of $19.00 per share, leaving her with 357,067 shares held directly.
PG&E Corp EVP Jason M. Glickman reported equity compensation activity involving common stock. He acquired 145,742 shares at $0.00 per share as a vested performance share award under the 2021 Long-Term Incentive Plan for the performance cycle ended 12/31/2025. To cover tax withholding obligations tied to this vesting, 72,809 shares were disposed of at $19.00 per share by forfeiture. After these transactions, he directly owned 162,112 shares of PG&E Corp common stock.
PG&E Corp executive Carla J. Peterman, President and EVP Customer & Corporate Affairs, reported equity compensation activity in common stock. She acquired 124,924 shares at no cost through a grant/award under the PG&E Corporation 2021 Long-Term Incentive Plan for a performance cycle ending 12/31/2025. In a related tax-withholding disposition, 74,673 shares were forfeited at a reference price of $19.00 per share to satisfy tax obligations tied to vested performance share units and restricted stock units. After these transactions, she directly owned 201,367 common shares.
PG&E Corp executive vice president and chief people officer Alejandro T. Vallejo received a grant of 387.13 shares of phantom stock, an incentive tied to the company’s common stock. Each phantom share mirrors one common share in value and will be paid in cash after his service as an officer ends.
These phantom shares were acquired through deferred compensation and credits under PG&E’s executive retirement plans, bringing his directly held phantom stock balance to 30,552.6 shares.
PG&E Corporation’s utility subsidiary is raising long-term debt through new first mortgage bonds. On February 18, 2026, Pacific Gas and Electric Company entered an underwriting agreement to issue $400,000,000 of 6.100% First Mortgage Bonds due 2029, $1,000,000,000 of 5.200% First Mortgage Bonds due 2036, and $800,000,000 of 6.000% First Mortgage Bonds due 2056.
The 2029 bonds are an add-on to an existing series first issued on June 5, 2023, bringing total 2029 bonds outstanding to $1,250,000,000 after this offering. The utility completed the sale of all three bond series on February 20, 2026, with related underwriting and indenture documents filed as exhibits.
PG&E Corp executive John R. Simon reported indirect stock sales by the Simon Family Trust totaling 50,000 shares of common stock. The trust sold 45,607 shares on February 19, 2026 at $18.00 per share and 4,393 shares on February 18, 2026 at $18.01 per share in open‑market transactions.
These sales were made under a Rule 10b5‑1(c) trading plan adopted on November 3, 2025, meaning they were pre‑scheduled. After the latest sale, the Simon Family Trust held 392,303 shares. Separately, Simon’s accounts reflect 104,406.29 shares held directly and approximately 3,242.02 shares held through the PG&E Corporation Retirement Savings Plan as of February 17, 2026.
PG&E Corporation reported that it completed the sale of $1,000,000,000 aggregate principal amount of 6.850% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056. The notes were issued under an existing subordinated note indenture, as amended by a Second Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. as trustee.
The company also filed the underwriting agreement, the Second Supplemental Indenture (including the form of the notes), and related legal opinions and consents as exhibits, providing further legal and structural details of this long-dated subordinated financing.
PG&E Corp Chief Executive Officer Patricia K. Poppe, through the Patricia K. Poppe Revocable Living Trust, reported an open-market sale of 31,250 shares of common stock at a weighted average price of $17.90 per share. The sale was executed under a Rule 10b5-1(c) trading plan adopted on November 4, 2025. Following this transaction, the trust held 1,863,960 indirect shares, and Poppe also reported 216,921 shares held directly of PG&E Corp common stock.