Peterman Carla J 4

What Happened

• Carla J. Peterman, President and EVP, Customer & Corporate Affairs of PG&E Corporation, had 124,924 performance shares vest on 2026-03-01 (awarded at $0). To satisfy tax withholding obligations, 74,673 of those shares were forfeited at an attributed price of $19.00 per share, totaling $1,418,787. The forfeiture is a tax withholding action, not an open-market sale.

Key Details

• Transaction date: 2026-03-01; Filing date (Form 4): 2026-03-03 (appears timely).
• Award: 124,924 performance shares granted/vested (Transaction code A).
• Tax withholding/forfeiture: 74,673 shares withheld/forfeited at $19.00/share for $1,418,787 (Transaction code F).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 — Vested performance shares were granted under the PG&E Corporation 2021 Long-Term Incentive Plan for the performance cycle ended 12/31/2025; payable one-for-one in common stock. F2 — The 74,673 shares were forfeited to satisfy tax withholding obligations related to the vesting.
• Filing timeliness: Report lists the period of report as 2026-03-01 and was filed 2026-03-03; this is generally within the normal Form 4 reporting window.

Context

• These were vested performance shares (award), not a stock purchase or a market sale. The forfeiture of shares to cover taxes is a routine administrative action (cashless tax withholding) and does not by itself indicate a change in insider sentiment toward the company.