Form 4: PG&E CEO Patricia Poppe Sells Shares via 10b5-1 Plan

PG&E Corporation CEO Patricia K. Poppe sold 31,250 shares of common stock as part of a pre-arranged trading plan.

Summary

• CEO Patricia K. Poppe sold 31,250 shares of PG&E Corporation common stock on April 28, 2026.
• The sale occurred at a weighted average price of 16.39 per share.
• A Rule 10b5-1 trading plan, adopted on November 4, 2025, governed the transaction.
• Poppe maintains a total beneficial ownership of 2,622,012 shares following the sale.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral liquidity event, as the sale was pre-planned and involves a small percentage of the CEO's total holdings.

Positives

• The transaction was pre-planned under Rule 10b5-1, mitigating concerns regarding the timing of the sale.
• The executive retains a substantial equity position, ensuring continued alignment with shareholder interests.

Negatives

• The sale results in a reduction of the CEO's total shareholding by approximately 31,250 shares.

Risks

• No specific business risks are identified in this ownership update.

Future Outlook

No forward-looking statements or guidance are provided in this ownership update.

Management Comments

• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges upon request.

Industry Context

StockSavvy.ai notes that utility executives often use 10b5-1 plans to manage personal liquidity while maintaining significant skin in the game.

Comparison to Industry Standards

• The CEO's remaining stake of over 2.6 million shares is consistent with high ownership levels seen at other major utilities like NextEra Energy.
• The adoption of a 10b5-1 plan aligns with corporate governance best practices for S&P 500 executives.

Related Party Transactions

• The transaction involved the Patricia K. Poppe Revocable Living Trust.

Stakeholder Impact

• Shareholders may interpret the sale as a routine personal financial decision.
• The transaction is unlikely to impact customers, employees, or creditors.

Next Steps

• Potential future sales may occur under the existing 10b5-1 plan.

Key Dates

Recommendation

The transaction is a routine, pre-planned sale that does not reflect a change in the company's fundamental value or the CEO's long-term commitment.

Keywords

PG&E, PCG, Insider Sale, Form 4, Patricia Poppe, 10b5-1 Plan, Utility Sector