Form 4: PG&E Corp EVP and CFO Carolyn Burke Reports Stock Forfeiture for Tax Obligations
SEC Form 4 Filing
Carolyn Burke, EVP and CFO of PG&E Corp, reported the forfeiture of 4,961 shares of common stock to cover tax withholding obligations related to vesting restricted stock units on March 16, 2024.
Summary
- On March 16, 2024, Carolyn Burke, the EVP and CFO of PG&E Corp, forfeited 4,961 shares of common stock.
- The forfeiture was to satisfy tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Burke directly owns 20,111 shares of PG&E Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This specific filing reflects the standard practice of forfeiting shares to cover tax obligations upon the vesting of restricted stock units, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/16/2024 | Date of stock forfeiture transaction. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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