Form 4: PG&E Corp VP and Controller Stephanie N. Williams Reports Changes in Beneficial Ownership
SEC Form 4
Stephanie N. Williams, VP and Controller of PG&E Corp, reports transactions involving common stock, including acquisition of performance shares and RSUs, as well as shares forfeited for tax obligations.
Summary
- Stephanie N. Williams, VP and Controller of PG&E Corp, filed a Form 4 detailing changes in beneficial ownership of PG&E Corp common stock.
- On March 1, 2025, she acquired 21,002 shares of common stock related to vested performance shares under the 2021 Long-Term Incentive Plan (LTIP).
- On the same date, 10,434 shares were forfeited to cover tax withholding obligations related to the vesting of performance share units and restricted stock units (RSUs) at a price of $16.34.
- On March 3, 2025, she acquired 8,217 shares of common stock related to RSUs granted under the 2021 LTIP.
- As of the report, she directly owns 37,899 shares and indirectly owns 241.85 shares held by the Trustee of PG&E Corporation Retirement Savings Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the insider transactions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Performance cycle end date for vested performance shares granted under the PG&E Corporation 2021 Long-Term Incentive Plan (LTIP). |
| 02/28/2025 | Date to which the holdings in the PG&E Corporation Retirement Savings Plan (RSP) were trued up. |
| 03/01/2025 | Date of acquisition of 21,002 performance shares and forfeiture of 10,434 shares for tax withholding. |
| 03/03/2025 | Date of acquisition of 8,217 RSUs. |
| 03/04/2025 | Date of signature of the report. |
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