Form 4: PG&E Director Arno Lockheart Harris Reports Acquisition of Common Stock and RSUs

Director Arno Lockheart Harris reports acquiring PG&E common stock and Restricted Stock Units (RSUs) through a grant and dividend reinvestment.

Summary

• Arno Lockheart Harris, a director of PG&E Corp, filed a Form 4 detailing changes in beneficial ownership.
• On May 17, 2024, Harris acquired 9,677 shares of common stock through a grant of Restricted Stock Units (RSUs) under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP).
• The RSUs vest upon the earliest of one year from the date of grant, the last day of a director's elected term, a director's death, disability, or termination following a change in control, or a change in control in which the acquiror does not assume, continue, or substitute the award.
• Harris also acquired 6.33 RSUs on January 15, 2024, and 6.66 RSUs on April 15, 2024, through a dividend reinvestment feature of the LTIP.
• Following these transactions, Harris directly owns 58,339 shares of PG&E common stock and indirectly owns 8,475 shares held by the Harris Living Trust.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions by a company director. The acquisition of shares can be seen as a mildly positive sign.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's ongoing investment in the company.

Stakeholder Impact

• The reported transactions may have a minor positive impact on shareholder sentiment.

Key Dates