Vallejo Alejandro T 4

What Happened Alejandro T. Vallejo, EVP and Chief People Officer of PG&E Corporation, was granted 478.54 units of phantom stock (a derivative award) on January 23, 2026 at an underlying value of $14.95 per unit, totaling $7,154. This was an award/acquisition (not an open‑market purchase or sale) reported on a Form 4 filed January 27, 2026.

Key Details

• Transaction date: 2026-01-23; Units: 478.54; Unit value reported: $14.95; Total value: $7,154 (derivative award).
• Transaction type/code: A (award/acquisition) — phantom stock (derivative), not a cash stock purchase or sale.
• Shares/units owned after transaction: not disclosed in this filing.
• Filing date: 2026-01-27 — appears timely (filed within the Form 4 deadline).
• Footnotes: (1) Each phantom unit equals the economic equivalent of one common share and is payable in cash after the officer leaves service; may be transferred into alternate investment accounts per plan terms. (2) Units were acquired via deferral under the SRSP and credits under the DC‑ESRP (exempt under Rule 16b‑3(d)). (3) The total includes 93.77 units credited 1/15/2026 via a dividend reinvestment feature.

Context Phantom stock is a cash‑settled, derivative form of equity compensation — it tracks the economic value of common shares but pays out in cash (typically upon termination or per plan rules). Because this is a compensation/deferral award, it is generally routine and does not carry the same market‑sentiment signal as a purchase or sale in the open market.