Vallejo Alejandro T 4

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.