Form 4: PG&E Director Sells Shares Under 10b5-1 Plan

PG&E Director Kerry Whorton Cooper sold 2,500 shares of common stock for $18.68 per share on March 17, 2026, under a pre-arranged trading plan.

Summary

• Kerry Whorton Cooper, a Director of PG&E Corp, sold 2,500 shares of common stock.
• The transaction occurred on March 17, 2026, at a price of $18.68 per share.
• The sale was executed under a Rule 10b5-1 trading plan adopted on November 25, 2025.
• Following the transaction, Cooper directly owns 73,140.78 shares of PG&E common stock.
• The total beneficial ownership includes recent acquisitions of restricted stock units (RSUs) through a dividend reinvestment feature of the PG&E Corporation 2021 Long-Term Incentive Plan, specifically 50.60 RSUs on July 15, 2025, 39.51 RSUs on October 15, 2025, and 83.66 RSUs on January 15, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While an insider sale can sometimes be perceived negatively, the execution under a pre-arranged 10b5-1 plan mitigates concerns about it being based on new, adverse information, making it a routine disclosure.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned transaction rather than an immediate reaction to new material non-public information.

Negatives

• A director sold 2,500 shares of common stock, which can sometimes be perceived as a lack of confidence, though mitigated by the 10b5-1 plan.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales, even when conducted under Rule 10b5-1 plans, are routinely monitored by investors for potential insights into management's perspective on future stock performance. While a 10b5-1 plan suggests the sale is not based on new material non-public information, the timing and volume of such transactions are still observed as part of broader market sentiment analysis.

Stakeholder Impact

• Shareholders: May note the insider transaction, but the pre-arranged nature under a 10b5-1 plan typically minimizes concerns about its signaling effect regarding the company's future performance.

Key Dates

Recommendation

The filing reports a routine insider sale by a director under a pre-arranged 10b5-1 plan. This type of transaction is generally not indicative of new material information or a change in the company's fundamentals and therefore does not warrant a change in investment recommendation based solely on this filing.

Keywords

PG&E, PCG, insider trading, Form 4, stock sale, director, 10b5-1 plan, common stock, beneficial ownership