Form 4: PG&E Director John O. Larsen Granted Over 10,000 Restricted Stock Units

PG&E Corporation Director John O. Larsen has been granted 10,575 shares of common stock in the form of Restricted Stock Units (RSUs) under the company's 2021 Long Term Incentive Plan.

Summary

• John O. Larsen, a Director of PG&E Corp (PCG), acquired 10,575 shares of common stock on May 22, 2025.
• The acquisition was in the form of Restricted Stock Units (RSUs) granted under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP).
• These RSUs are payable in shares of PG&E Corporation common stock on a one-for-one basis.
• The RSUs vest upon the earliest of one year from the grant date, 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 where the acquiror does not assume, continue, or substitute the award.
• Following this transaction, John O. Larsen beneficially owns 10,575 shares of common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates director alignment with shareholder interests through equity compensation, which is a standard and expected practice.

Positives

• The grant of Restricted Stock Units to Director John O. Larsen aligns his interests with those of shareholders, as his compensation is tied to the company's stock performance and continued service.
• The transaction indicates a routine compensation practice for directors under an established long-term incentive plan.

Future Outlook

The Restricted Stock Units are subject to future vesting conditions, which include one year from the grant date, the end of the director's elected term, or specific events like death, disability, or change in control.

Industry Context

This Form 4 filing details a routine equity compensation grant to a director, which is a common practice across publicly traded companies to incentivize and align the interests of board members with shareholders. It does not provide information on broader industry trends or competitive landscape.

Related Party Transactions

• The grant of Restricted Stock Units to Director John O. Larsen constitutes a related party transaction, as it involves compensation from the company to a member of its board of directors under the PG&E Corporation 2021 Long Term Incentive Plan.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with those of the shareholders, potentially encouraging decisions that enhance long-term shareholder value.

Next Steps

• The Restricted Stock Units will vest based on the conditions outlined in the PG&E Corporation 2021 Long Term Incentive Plan.

Key Dates

Keywords

PG&E, PCG, Restricted Stock Units, RSU, Insider Transaction, Form 4, Director Compensation, Equity Grant, Long Term Incentive Plan