Form 4: PG&E Director Buys 7,500 Shares in Future Transaction

PG&E Corp Director John O. Larsen purchased 7,500 shares of common stock at a weighted average price of $15.96, effective November 4, 2025, under a Rule 10b5-1 plan.

Summary

• John O. Larsen, a Director of PG&E Corp, acquired 7,500 shares of common stock.
• The transaction occurred on November 4, 2025, at a weighted average price of $15.96 per share, with prices ranging from $15.955 to $15.96.
• The purchase was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled transaction.
• Following this transaction, Larsen beneficially owns 18,111.22 shares of PG&E Corp common stock.
• The total beneficial ownership also includes 20.34 Restricted Stock Units (RSUs) acquired on July 15, 2025, and 15.88 RSUs acquired on October 15, 2025, through a dividend reinvestment feature of the PG&E Corporation 2021 Long-Term Incentive Plan.

Sentiment

Score: 7

Explanation: A director's purchase of company stock, even if pre-planned, generally signals confidence in the company's future, which is a positive indicator for investors.

Positives

• A director's purchase of company stock can signal confidence in the company's future prospects.
• The transaction was made under a Rule 10b5-1 plan, indicating a pre-planned, non-discretionary purchase.

Future Outlook

The filing does not provide a future outlook beyond the scheduled transaction date of November 4, 2025, which is part of a pre-planned Rule 10b5-1 arrangement.

Industry Context

Insider purchases, especially by directors, are generally viewed positively as they indicate management's belief in the company's valuation and future prospects. For a utility like PG&E, such a purchase might reinforce confidence amidst regulatory and operational challenges common in the sector.

Stakeholder Impact

• Shareholders may view the director's purchase as a positive signal of management confidence, potentially influencing investor sentiment.
• Employees and customers are unlikely to be directly impacted by this specific insider transaction.

Key Dates

Recommendation

While a director's purchase signals confidence, this transaction is pre-planned under Rule 10b5-1, which reduces its immediate signal value compared to an open-market discretionary purchase. It reinforces a 'hold' stance, suggesting no immediate strong buy or sell action based solely on this filing, but rather a confirmation of existing sentiment.

Keywords

PG&E Corp, PCG, Insider Trading, Form 4, Director Stock Purchase, John O. Larsen, Rule 10b5-1, Common Stock, Equity Acquisition