Form 4: PG&E CFO's Equity Transactions: Vesting & Tax Withholding

PG&E Corporation's EVP and CFO, Carolyn Jeanne Burke, reported the vesting of performance shares and subsequent tax-related share forfeiture.

Summary

• Carolyn Jeanne Burke, Executive Vice President and Chief Financial Officer of PG&E Corporation, reported transactions related to her beneficial ownership of common stock.
• On March 16, 2026, Burke acquired 144,806 shares of common stock at a price of $0, resulting from the vesting of performance shares granted under the PG&E Corporation 2021 Long-Term Incentive Plan.
• These performance shares were for the performance cycle that ended on December 31, 2025, and are payable on a one-for-one basis in common stock.
• Concurrently, on March 16, 2026, Burke disposed of 80,049 shares of common stock at a price of $18.14 per share.
• These disposed shares were forfeited to satisfy tax withholding obligations associated with the vesting of the performance share units.
• Following these transactions, Burke's direct beneficial ownership of PG&E Corporation common stock stands at 149,511 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the successful vesting of executive performance awards, which aligns management incentives with company performance. The tax withholding is a standard, neutral component of such transactions.

Positives

• The vesting of 144,806 performance shares indicates the successful completion of a performance cycle and the executive's continued alignment with shareholder interests through equity compensation.
• The acquisition of shares at a $0 price reflects the nature of equity awards as part of executive compensation.

Negatives

• 80,049 shares were forfeited to cover tax withholding obligations, which is a standard practice but reduces the net shares received by the executive.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that these transactions represent routine executive compensation events, specifically the vesting of long-term incentive awards and the associated tax withholding. Such events are common across publicly traded companies as a mechanism to align executive interests with shareholder value creation.

Stakeholder Impact

• Shareholders: The vesting of performance shares for an executive reinforces the alignment of management's interests with shareholder value, as these awards are typically tied to company performance metrics. The net increase in the executive's holdings demonstrates continued investment in the company.

Key Dates

Keywords

PG&E, PCG, Form 4, Insider Transaction, Executive Compensation, Stock Vesting, Performance Shares, Tax Withholding, Beneficial Ownership