Form 4: PG&E Corp Executive Marlene Santos Reports Share Transactions
SEC Form 4 Filing
Marlene Santos, EVP and CCO at PG&E Company, reports the acquisition and disposal of PG&E Corp common stock related to vested performance shares.
Summary
- Marlene Santos, an executive at PG&E Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 15, 2024, Santos acquired 213,949 shares of common stock related to vested performance shares under the 2014 Long-Term Incentive Plan for the performance cycle ended December 31, 2023.
- On the same day, 117,844 shares were disposed of at a price of $16.25 to cover tax withholding obligations.
- Following these transactions, Santos directly owns 204,918 shares of PG&E Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common for publicly traded companies like PG&E Corp.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | End of the performance cycle for the 2014 Long-Term Incentive Plan. |
| 03/15/2024 | Date of the stock acquisition and disposal transactions. |
| 03/19/2024 | Date of the Form 4 filing. |
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