Form 4: PG&E Executive Carla Peterman Reports Stock Transactions
SEC Form 4 Filing
EVP Carla Peterman reports acquisition of performance shares and forfeiture of shares to cover tax obligations.
Summary
- Carla Peterman, EVP/Corp. Affairs & CSO of PG&E Corp, reported transactions involving PG&E common stock on June 1, 2024.
- She acquired 78,468 shares of common stock related to vested performance shares under the 2021 Long-Term Incentive Plan.
- Peterman also forfeited 49,300 shares to satisfy tax withholding obligations related to the vesting of performance share units and restricted stock units at a price of $18.54.
- Following these transactions, Peterman directly owns 119,162 shares of PG&E common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like executives, buy or sell their company's stock. These filings provide transparency into insider transactions and can be scrutinized by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- Shareholders may review the filing to understand executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | End of the performance cycle for the 2021 Long-Term Incentive Plan. |
| 06/01/2024 | Date of stock acquisition and disposal transactions. |
| 06/04/2024 | Date of the report filing. |
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