Glickman Jason M 4
Research Summary
AI-generated summary
PG&E (PCG) EVP Jason Glickman Receives Award; Forfeits Shares for Taxes
What Happened
- Jason M. Glickman, Executive Vice President, Strategy and Growth at PG&E Corporation, received a grant of 145,742 vested performance shares under the company's 2021 Long-Term Incentive Plan on 2026-03-01. The award was recorded at $0.00 per share.
- At the same time, 72,809 shares were disposed (forfeited) at $19.00 per share to satisfy tax withholding obligations, representing $1,383,371 in withholding value.
Key Details
- Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (appears timely).
- Award: 145,742 performance shares granted (A) at $0.00 — payable one-for-one in common stock for the 2021 LTIP performance cycle ended 12/31/2025 (footnote F1).
- Withholding: 72,809 shares forfeited to cover taxes (F) at $19.00 each, totaling $1,383,371 (footnote F2). This is a tax-withholding disposition, not an open-market sale.
- Shares owned after the transaction: not specified in this filing.
Context
- These were vested performance share units paid in stock; the withholding was a common cashless tax settlement (forfeiture of shares) to cover payroll taxes and withholding obligations.
- This is a routine compensation-related filing and should not be interpreted as a standalone bullish or bearish signal about company prospects.