Bahri Rajat 4
Research Summary
AI-generated summary
PG&E (PCG) Director Bahri Rajat Receives 10,948 RSUs
What Happened
- Bahri Rajat, a director of PG&E Corporation (PCG), was granted 10,948 restricted stock units (RSUs) on 2026-05-21. The grant is recorded as an award/acquisition at $0.00 (no cash paid). The Form 4 reporting this transaction was filed on 2026-05-26.
Key Details
- Transaction date: 2026-05-21; Report filed: 2026-05-26.
- Transaction type/code: A (Award/Grant of RSUs); reported acquisition price $0.00.
- Shares acquired: 10,948 RSUs (payable one-for-one in common stock when vested).
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: RSUs granted under the PG&E 2021 Long Term Incentive Plan; vest on the earliest of one year from grant, end of director term, death/disability, certain change-in-control events, or if an acquiror does not assume/substitute the award.
- Footnote F2: Notes small prior RSU increments (20.34 on 7/15/2025, 15.88 on 10/15/2025, 33.62 on 1/15/2026, 30.61 on 4/15/2026) from a dividend reinvestment feature of the LTIP.
- Timeliness: The Form 4 was filed five days after the transaction date; this appears later than the typical two-business-day filing window for Form 4s.
Context
- This was an equity grant (compensation) rather than an open-market purchase or sale, so it reflects director compensation rather than an immediate market sentiment trade. RSUs convert to shares upon vesting per LTIP rules; dividend reinvestment can add fractional RSUs periodically as shown in the footnote.