PG&E (PCG) Director Leo P. Denault Receives RSU Award

What Happened

• Leo P. Denault, a director of PG&E Corporation (PCG), was granted 10,948 restricted stock units (RSUs) on 2026-05-21. The award is shown at $0.00 per share (typical for RSU grants), so the immediate cash value reported is $0. This is an award/grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21; reported filing date: 2026-05-26.
• Grant: 10,948 RSUs @ $0.00 (acquisition value $0).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: RSUs granted under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP); each RSU converts one-for-one into common shares upon vesting. Vesting occurs upon the earliest of one year from grant, end of a director’s elected term, death/disability, termination following a change in control, or a change in control where awards aren’t assumed.
  • F2: Notes a dividend-reinvestment feature that previously added RSUs (20.34 on 7/15/2025; 15.88 on 10/15/2025; 33.62 on 1/15/2026; 30.61 on 4/15/2026), totaling 100.45 RSUs.
• Filing timeliness: filing date is 5 days after the transaction; the provided data does not include an explicit timeliness flag.

Context

• RSUs are grants that convert to shares when they vest and typically carry no upfront cash cost—this award is not a market purchase and does not by itself signal buying pressure. For directors, RSU grants are common compensation for board service and are governed by the LTIP vesting rules noted above.