Form 4: PG&E Executive Granted RSUs, Forfeits Shares for Tax

PG&E Corp's President and EVP, Carla J. Peterman, received a grant of 31,398 Restricted Stock Units and subsequently forfeited 5,888 shares for tax withholding.

Summary

• Carla J. Peterman, President, EVP Cust&Corp Afrs of PG&E Corp, acquired 31,398 shares of Common Stock on March 2, 2026.
• These shares represent Restricted Stock Units (RSUs) granted under the PG&E Corporation 2021 Long-Term Incentive Plan, payable on a one-for-one basis.
• On March 3, 2026, Peterman disposed of 5,888 shares of Common Stock at a price of $19.11 per share.
• This disposition was a forfeiture to satisfy tax withholding obligations related to the vesting of the RSUs.
• Following these transactions, Peterman beneficially owns 226,877 shares of Common Stock directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine executive compensation event. The RSU grant is a positive for executive alignment, while the tax forfeiture is a standard, neutral event.

Positives

• Grant of 31,398 Restricted Stock Units (RSUs) to a key executive, aligning management incentives with shareholder interests.
• The RSUs are part of the PG&E Corporation 2021 Long-Term Incentive Plan, indicating a structured approach to executive compensation.

Negatives

• Disposition of 5,888 shares to cover tax withholding obligations, which reduces the executive's direct shareholding.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that executive RSU grants and subsequent tax-related forfeitures are standard practices in executive compensation across various industries, particularly in utilities like PG&E, to incentivize long-term performance and align management interests with shareholders.

Related Party Transactions

• Grant of 31,398 Restricted Stock Units (RSUs) to Carla J. Peterman, President, EVP Cust&Corp Afrs, under the PG&E Corporation 2021 Long-Term Incentive Plan.

Stakeholder Impact

• Shareholders: The RSU grant aligns executive incentives with shareholder value creation over the long term.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving RSU grants and tax-related share forfeitures. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Investors should continue to hold based on broader company fundamentals and market conditions.

Keywords

PG&E Corp, PCG, Form 4, Insider Trading, Restricted Stock Units, RSU, Executive Compensation, Carla J Peterman, Stock Grant, Tax Withholding