Form 4: PG&E Corp Executive Sumeet Singh Reports Share Transactions

Sumeet Singh, EVP, Ops & COO at PG&E Company, reports acquisition and disposal of PG&E Corp common stock related to performance share vesting and tax obligations.

Summary

• On March 1, 2024, Sumeet Singh, EVP, Ops & COO at PG&E Company, reported transactions involving PG&E Corp common stock.
• Singh acquired 44,494 shares of common stock at $0 related to vested performance shares under the 2014 Long-Term Incentive Plan for the performance cycle ended December 31, 2023.
• 20,453 shares were forfeited to cover tax withholding obligations associated with the vesting of performance share units and restricted stock units at a price of $16.6.
• Following these transactions, Singh directly owns 96,654 shares and indirectly owns 839.91 shares held by the trustee of the PG&E Corporation Retirement Savings Plan.
• The indirect holdings reflect an adjustment to conform to the RSP balance as of March 1, 2024, including the acquisition of approximately 1.03 shares on January 15, 2024, due to dividend reinvestment.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't contain overtly positive or negative information, but the vesting of performance shares is generally a positive sign.

Positives

• The acquisition of 44,494 shares indicates vesting of performance shares, suggesting achievement of performance goals.

Negatives

• The forfeiture of 20,453 shares to cover tax obligations reduces the net gain from the vesting of performance shares.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is standard practice in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect executive compensation and tax obligations.

Key Dates