Form 4: PG&E Director Carlos M. Hernandez Reports Stock Transactions

Director Carlos M. Hernandez reports acquisition of stock and Restricted Stock Units (RSUs) in PG&E Corp.

Summary

• On May 17, 2024, Carlos M. Hernandez, a director of PG&E Corp, reported the acquisition of 9,677 shares of common stock.
• These shares were acquired at a price of $0.
• Following the transaction, Hernandez beneficially owns 32,071.81 shares of PG&E Corp common stock.
• The report also mentions the acquisition of 13.07 RSUs on 1/15/24 and 13.74 RSUs on 4/15/24 pursuant to a dividend reinvestment feature of the LTIP.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating neutral sentiment. It simply reports transactions without expressing any positive or negative outlook.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies, ensuring transparency and compliance with SEC regulations.
• Similar filings are routinely made by directors and officers of comparable companies like Southern Company (SO), Exelon Corporation (EXC), and Duke Energy Corporation (DUK).

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock transactions of a company director.

Key Dates