Form 4: PG&E Corp VP and Controller Reports Changes in Beneficial Ownership

Stephanie N. Williams, VP and Controller of PG&E Corp, reports the acquisition and disposal of common stock related to vested performance shares and tax obligations.

Summary

• On March 1, 2024, Stephanie N. Williams, VP and Controller of PG&E Corp, reported changes in her beneficial ownership of PG&E Corp common stock.
• She acquired 16,004 shares of common stock related to vested performance shares under the 2014 Long-Term Incentive Plan for the performance cycle ended December 31, 2023.
• She also disposed of 8,797 shares to satisfy tax withholding obligations related to the vesting of performance share units and restricted stock units at a price of $16.6 per share.
• Following these transactions, Williams directly owns 57,715 shares of PG&E Corp common stock.
• Additionally, she indirectly owns 240.51 shares held by the Trustee of the PG&E Corporation Retirement Savings Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations. There are no indications of significant positive or negative developments.

Positives

• The acquisition of 16,004 shares indicates vesting of performance shares, suggesting the achievement of performance goals.

Negatives

• The disposal of 8,797 shares to cover tax obligations reduces the overall shareholding.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions. This filing indicates routine transactions related to compensation and tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to internal compensation matters.

Key Dates