Form 4: PG&E Corp Executive Jason Glickman Reports Share Transactions

EVP of PG&E Company, Jason Glickman, reports acquisition and disposal of PG&E Corp common stock and restricted stock units.

Summary

• On March 1, 2025, Jason Glickman acquired 175,012 shares of PG&E Corporation common stock at $0, representing vested performance shares from the 2021 Long-Term Incentive Plan (LTIP) for the performance cycle ended December 31, 2024.
• On the same day, 87,509 shares were forfeited at $16.34 to cover tax withholding obligations related to the vesting of these performance share units.
• Following these transactions, Glickman directly owned 156,409 shares of common stock.
• On March 3, 2025, Glickman acquired 31,954 Restricted Stock Units (RSUs) at $0, also granted under the 2021 LTIP, bringing his total direct holdings to 188,363 shares.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine stock transactions related to executive compensation. The acquisition of performance shares is a positive sign, but the tax-related forfeiture is a neutral event.

Positives

• The acquisition of performance shares indicates that performance targets were met under the 2021 Long-Term Incentive Plan (LTIP).

Negatives

• The forfeiture of 87,509 shares to cover tax obligations reduces the net gain from the vesting of performance shares.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• Provides transparency to shareholders regarding executive compensation and ownership.

Key Dates