HERNANDEZ CARLOS M 4
4 · PG&E Corp · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
PG&E (PCG) Director Carlos Hernandez Receives RSU Award
What Happened
Carlos M. Hernandez, a director of PG&E Corporation (PCG), was granted 10,948 restricted stock units (RSUs) on May 21, 2026. The filing reports an acquisition price of $0.00 for the award (reported value $0) — these RSUs convert one-for-one into common shares when they vest. This transaction is an award/grant (code A), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-21; Form 4 filed 2026-05-26 (appears filed after the usual 2-business‑day window).
- Grant: 10,948 RSUs @ $0.00 (reported acquisition value $0).
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: RSUs granted under the PG&E 2021 LTIP; payable one-for-one in PCG common stock. Vesting occurs on the earliest of one year from grant, the last day of the director’s elected term, death/disability, certain change‑in‑control events, or if the acquirer does not assume/substitute the award.
- F2: The total includes prior small RSU additions from a dividend reinvestment feature: 82.26 (7/15/2025), 64.24 (10/15/2025), 136.00 (1/15/2026), and 123.80 (4/15/2026).
Context
RSU grants are a common form of director compensation and do not require cash outlay at grant; their ultimate value depends on PCG’s stock price at vesting. This award should be viewed as a compensation event rather than a direct market signal — it is not a purchase or sale of existing shares. The filing date suggests the Form 4 was submitted later than the typical 2-business‑day deadline for insider reporting.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-21+10,948→ 57,270.96 total
Footnotes (2)
- [F1]Restricted Stock Units (RSUs) granted under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP). RSUs are payable in shares of PG&E Corporation common stock on a one-for-one basis. As described in the LTIP, RSUs vest upon the earliest of one year from the date of grant; the last day of a director's elected term; a director's death, disability, or termination following a change in control; or a change in control in which the acquiror does not assume, continue, or substitute the award.
- [F2]This total reflects the acquisition of 82.26 RSUs on 7/15/2025, 64.24 RSUs on 10/15/2025, 136.00 RSUs on 1/15/2026, and 123.80 RSUs on 4/15/2026 pursuant to a dividend reinvestment feature of the PG&E Corporation 2021 LTIP.