Vallejo Alejandro T 4
4 · PG&E Corp · Filed Apr 27, 2026
Research Summary
AI-generated summary of this filing
PG&E (PCG) EVP Alejandro T. Vallejo Receives Award
What Happened
Alejandro T. Vallejo, EVP and Chief People Officer of PG&E Corp (PCG), was awarded 439.96 units of phantom stock on April 23, 2026. The filing values the award at $16.83 per unit for a total economic value of $7,405. This was an acquisition of a derivative award (phantom stock), not an open-market purchase of common shares.
Key Details
- Transaction date: 2026-04-23; transaction type: Award/Grant (code A).
- Units granted: 439.96 phantom stock units at $16.83 per unit; total value reported $7,405 (derivative).
- Holdings after transaction: total holdings following the transaction are not specified in the Form 4 filing.
- Footnotes:
- F1 — Each phantom stock unit equals the economic value of one common share and is payable in cash after the officer leaves service; units may be transferred to an alternative investment account subject to plan terms.
- F2 — These phantom units were acquired via (1) deferral under the SRSP and (2) credits under the DC-ESRP; those credits are exempt under Rule 16b-3(d).
- F3 — The total includes 93.64 units credited on 4/15/2026 from dividend reinvestment under the plans.
- Filing/timeliness: Form 4 was filed on 2026-04-27 for a 4/23/2026 transaction; this meets the two-business-day filing deadline (timely).
Context
Phantom stock is a deferred, cash-settled compensation vehicle that tracks the economic value of company shares; it does not involve issuance or sale of actual common stock and therefore does not directly change share count or signal an insider buying/selling common stock. This award reflects routine executive compensation under PG&E’s supplemental retirement plans rather than an open-market investment.
Insider Transaction Report
- Award
Phantom Stock
[F1][F2][F3]2026-04-23$16.83/sh+439.96$7,405→ 33,100.04 total→ Common Stock (439.96 underlying)
Footnotes (3)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable in cash following the reporting person's termination of service as an officer. The reporting person may transfer his phantom stock account into an alternative investment account at any time, subject to the terms of the PG&E Corporation 2005 Supplemental Retirement Savings Plan ("SRSP") and the PG&E Corporation Defined Contribution Executive Supplemental Retirement Plan ("DC-ESRP").
- [F2]Phantom stock acquired upon (1) deferral of compensation under the SRSP and (2) credits awarded to the reporting person's account under the DC-ESRP, each exempt under Rule 16b-3(d).
- [F3]This total includes 93.64 units of phantom stock acquired on 4/15/2026 pursuant to a dividend reinvestment feature of the SRSP and the DC-ESRP.