Vallejo Alejandro T 4
4 · PG&E Corp · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
PG&E EVP Alejandro Vallejo Receives Phantom Stock Award
What Happened Alejandro T. Vallejo, EVP and Chief People Officer of PG&E Corporation (PCG), was granted 449.03 units of phantom stock on 2026-05-22. The award is reported at a per-unit value of $16.49, for a total economic value of $7,405. This was an award/acquisition (derivative) rather than a market purchase or sale.
Key Details
- Transaction date and price: 2026-05-22; 449.03 phantom shares at $16.49 per unit (total $7,405).
- Transaction type/code: Grant / Award (derivative) — reported as "A".
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes:
- Each phantom share equals the economic value of one common share and is payable in cash following the reporting person’s termination of service (F1).
- The phantom stock was acquired via (1) deferral under the SRSP and (2) credits under the DC-ESRP; these credits are exempt under Rule 16b-3(d) (F2).
- Filing timeliness: Transaction reported on Form 4 filed 2026-05-27 for a 2026-05-22 transaction (filed five days later); this appears to be outside the typical two-business-day Form 4 reporting window.
Context This was a derivative award (phantom stock) that provides cash-equivalent value tied to PG&E common shares and does not represent immediate ownership of tradable stock. Such deferred/phantom awards are commonly used in executive compensation and, per the footnotes, may be the result of deferrals or plan credits rather than a discretionary immediate grant.
Insider Transaction Report
- Award
Phantom Stock
[F1][F2]2026-05-22$16.49/sh+449.03$7,405→ 33,549.07 total→ Common Stock (449.03 underlying)
Footnotes (2)
- [F1]Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable in cash following the reporting person's termination of service as an officer. The reporting person may transfer his phantom stock account into an alternative investment account at any time, subject to the terms of the PG&E Corporation 2005 Supplemental Retirement Savings Plan ("SRSP") and the PG&E Corporation Defined Contribution Executive Supplemental Retirement Plan ("DC-ESRP").
- [F2]Phantom stock acquired upon (1) deferral of compensation under the SRSP and (2) credits awarded to the reporting person's account under the DC-ESRP, each exempt under Rule 16b-3(d).