LARSEN JOHN O 4

What Happened
John O. Larsen, a director of PG&E Corporation (PCG), received an award of 10,948 restricted stock units (RSUs) on 2026-05-21. The grant is reported at $0.00 per share for a total reported value of $0 (RSUs are compensation awards, not open-market purchases).

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed after the usual two-business-day deadline).
• Transaction type/code: Award/Grant (A) of 10,948 RSUs; reported price $0.00; reported total $0.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote F1: RSUs granted under the PG&E Corporation 2021 Long Term Incentive Plan (LTIP). RSUs convert one-for-one into common stock when they vest. Vesting occurs upon the earliest of: one year from grant, the last day of the director’s elected term, the director’s death or disability, a termination following a change in control, or a change in control where the acquiror does not assume/substitute the award.
• Footnote F2: The filing notes prior small RSU increases via LTIP dividend reinvestment: 33.62 RSUs on 1/15/2026 and 30.61 RSUs on 4/15/2026.

Context
RSU grants are compensation and do not represent an open-market purchase or sale; they generally indicate ongoing director compensation rather than a direct bullish or bearish trading signal. These RSUs will become shares only if and when they vest under the LTIP terms. The Form 4 was submitted after the typical two-business-day reporting window for insider transactions.