FERGUSON III MARK E 4

What Happened Mark E. Ferguson, a director of PG&E Corporation (PCG), was granted 10,948 restricted stock units (RSUs) on 2026-05-21. The award is recorded at $0.00 per share (a grant, not a purchase), so there was no cash paid at grant. RSUs will convert to common shares on a one-for-one basis when vested; this is a typical form of director compensation rather than an open-market trade.

Key Details

• Transaction date: 2026-05-21; Report filed: 2026-05-26 (filed 5 days after the transaction; appears late versus the usual 2-business-day Form 4 deadline).
• Award: 10,948 RSUs granted at $0.00 (total reported acquisition value = $0).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote F1: RSUs granted under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP); payable 1-for-1 in shares and vest upon earliest of 1 year from grant, end of elected term, death/disability, termination after a change in control, or a change in control if the acquiror doesn’t assume/substitute the award.
• Footnote F2: The filing also reflects prior small RSU accruals via a dividend reinvestment feature: 30.47 RSUs (10/15/2025), 64.51 RSUs (1/15/2026), and 58.73 RSUs (4/15/2026).

Context RSU grants to directors are common and represent compensation rather than a buy/sell signal. These awards only convert to tradable shares upon vesting under the LTIP conditions. The late filing could be an administrative issue; it does not change the nature of the award but may be of interest to regulatory-watch investors.