SIMON JOHN R 4
4 · PG&E Corp · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
PG&E (PCG) EVP John R. Simon Sells Shares
What Happened
- John R. Simon, EVP, General Counsel and Chief Ethics & Compliance Officer of PG&E Corporation, sold a total of 50,000 shares of PG&E common stock in open‑market transactions. He disposed of 4,393 shares on 2026-02-18 at a weighted average price of $18.01 for $79,118, and 45,607 shares on 2026-02-19 at a weighted average price of $18.00 for $820,926 — total proceeds of $900,044. These were sales (S), not purchases.
Key Details
- Transaction dates & prices:
- 2026-02-18: 4,393 shares, weighted avg $18.01, proceeds $79,118 (price range $18.00–$18.01; see footnote).
- 2026-02-19: 45,607 shares, weighted avg $18.00, proceeds $820,926 (price range $18.00–$18.07; see footnote).
- Shares owned after transaction: Not specified in the provided excerpt of the Form 4 (see full filing for total beneficial ownership).
- Notable footnotes:
- The trades were made pursuant to a prearranged Rule 10b5‑1 trading plan adopted on November 3, 2025 (Footnote F1).
- Reported prices are weighted averages; the filer can provide the breakdown of individual trade prices within the ranges (Footnotes F2, F3).
- Footnote F4 describes approximate RSP (retirement plan) holdings and how they're computed; Footnote F5 explains SISOP (phantom stock) holdings and vesting rules.
- Filing timeliness: Report filed on 2026-02-19 for transactions on 2026-02-18 and 02-19 — appears timely under Form 4 rules.
Context
- These sales were executed under a 10b5‑1 plan, which is a prearranged trading program that allows insiders to sell stock at predetermined times; such sales are often routine and do not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases by insiders generally carry stronger signals than planned sales.
Insider Transaction Report
Form 4
PG&E CorpPCG
SIMON JOHN R
EVP, GC, Chief E&C Officer
Transactions
- Sale
Common Stock
[F1][F2]2026-02-18$18.01/sh−4,393$79,118→ 437,910 total(indirect: By Trust) - Sale
Common Stock
[F1][F3]2026-02-19$18.00/sh−45,607$820,926→ 392,303 total(indirect: By Trust)
Holdings
- 3,242.02(indirect: By Trust)
Common Stock
[F4] - 104,406.29
Common Stock
[F5]
Footnotes (5)
- [F1]The reported transaction occurred pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on November 3, 2025.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.07, inclusive. The reporting person undertakes to provide to PG&E Corporation, any security holder of PG&E Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.01, inclusive. The reporting person undertakes to provide to PG&E Corporation, any security holder of PG&E Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4.
- [F4]Represents the approximate number of shares of PG&E Corporation common stock held for the Reporting Person in the PG&E Corporation Stock Fund of the PG&E Corporation Retirement Savings Plan (RSP). That fund holds units consisting of PG&E Corporation common stock and a small short-term investments component. The number of shares is computed by dividing the value of the units by the daily closing price. Dividends have been reinvested in additional units at the election of the participant. These holdings have been trued up to conform to the RSP balance as of 2/17/2026.
- [F5]Includes 162.29 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program and reflects the acquisition of 0.235 SISOPs on 4/15/2025, 0.310 SISOPs on 7/15/2025, 0.242 SISOPs on 10/15/2025, and 0.513 SISOPs on 1/15/2026 upon the conversion of dividend equivalents received on those dates. SISOPs vest three years after the date of grant subject to accelerated vesting upon certain events. Unvested SISOPs are subject to forfeiture if certain stock ownership targets are not met. Vested SISOPs are automatically payable in an equal number of shares following termination of employment.
Signature
/s/ Koyo Konishi, attorney-in-fact for John R. Simon (signed Power of Attorney on file with SEC)|2026-02-19