Vallejo Alejandro T 4

What Happened
Alejandro T. Vallejo, EVP and Chief People Officer of PG&E Corporation, received a grant of 441.54 phantom shares (derivative units) on June 23, 2026. The units were valued at $16.77 each for a total economic value of approximately $7,405. This was an award/acquisition (code A) of phantom stock—not an open-market purchase or sale of common shares.

Key Details

• Transaction date: 2026-06-23; Filing date: 2026-06-25 (filed within the standard two-business-day Form 4 window).
• Units granted: 441.54 phantom shares at $16.77 per unit; total value ≈ $7,405.
• Type: Derivative award (phantom stock) — reported as a grant/award, not a purchase or sale of common stock.
• Footnote F1: Each phantom share equals the economic equivalent of one common share and becomes payable in cash upon the officer's termination of service; the account may be moved into an alternative investment account under plan terms.
• Footnote F2: The phantom stock arose from deferrals/credits under the SRSP and DC-ESRP and is exempt under Rule 16b-3(d).
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.

Context
Phantom stock is a cash-settled derivative that tracks the economic value of common shares; it does not transfer voting rights or immediate equity ownership. Such awards are typically part of compensation/retirement plans and are not direct indicators of a manager buying or selling company stock.