Form 4: PG&E VP & Controller Reports RSU Vesting, Tax Withholding

PG&E Corp's VP and Controller, Stephanie N. Williams, reported the vesting of 7,379 Restricted Stock Units and the subsequent forfeiture of 1,104 shares for tax obligations.

Summary

• Stephanie N. Williams, VP and Controller of PG&E Corp, reported transactions involving the company's common stock.
• On March 2, 2026, 7,379 Restricted Stock Units (RSUs) were acquired, granted under the PG&E Corporation 2021 Long-Term Incentive Plan, payable in shares on a one-for-one basis.
• Following this acquisition, Williams' direct beneficial ownership was 52,366 shares.
• On March 3, 2026, 1,104 shares of common stock were forfeited at a price of $19.11 per share to satisfy tax withholding obligations related to the RSU vesting.
• After the forfeiture, Williams' direct beneficial ownership decreased to 51,262 shares.
• Additionally, Williams indirectly holds approximately 243.18 shares through the PG&E Corporation Retirement Savings Plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine executive compensation event. The grant of RSUs is a positive for the executive, while the tax-related forfeiture is a standard, expected part of the vesting process, indicating no unusual activity.

Positives

• The grant of 7,379 Restricted Stock Units (RSUs) under the PG&E Corporation 2021 Long-Term Incentive Plan represents a component of executive compensation, aligning management interests with shareholder value.

Negatives

• The forfeiture of 1,104 shares at $19.11 per share to cover tax withholding obligations resulted in a reduction of direct beneficial ownership, though this is a standard procedure for RSU vesting.

Risks

• No specific risks related to the company's operations or financial health are disclosed in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock ownership changes rather than broader industry trends. This specific filing reflects standard executive compensation practices within the utility sector.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine executive compensation event. Provides transparency into insider holdings.
• Employees: No direct impact beyond the reporting person.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Keywords

PG&E Corp, PCG, Stephanie N. Williams, Form 4, insider transaction, Restricted Stock Units, RSU, executive compensation, stock vesting, tax withholding