Vallejo Alejandro T 4

4 · PG&E Corp · Filed Jul 27, 2026

AI-generated summary of this filing

Updated Jul 27, 2026

PG&E (PCG) EVP Alejandro Vallejo Receives Phantom Stock Award

What Happened

Alejandro T. Vallejo, EVP & Chief People Officer of PG&E Corp (PCG), was granted 422.15 units of phantom stock on 2026-07-23. The grant is reported as a derivative award (transaction code A) at a per-unit value of $17.54, totaling approximately $7,405. This is an award/deferral—not an open-market purchase of common shares.

Key Details

Transaction date: 2026-07-23; Report filed: 2026-07-27 (filed on time under the two-business-day Form 4 rule).
Units/amount: 422.15 phantom stock units at $17.54 per unit; total value ≈ $7,405.
Shares/units owned after transaction: not specified in the provided filing data.
Footnotes:
- F1: Each phantom unit equals the economic equivalent of one common share and is payable in cash after the officer’s termination of service; units may be moved into an alternative investment account under plan rules.
- F2: Units were acquired via deferral under the SRSP and credits under the DC-ESRP, exempt under Rule 16b‑3(d).
- F3: The total 422.15 includes 97.06 units acquired 7/15/2026 via dividend reinvestment under the plans.
Transaction type: Derivative/award (A). This is a compensation deferral/benefit, not an outright purchase or sale of common stock.

Context

Phantom stock is cash-settled and represents economic exposure to the company’s stock value; it does not transfer voting rights or immediate common shares. Such awards are common forms of deferred compensation for executives and do not necessarily signal buying or selling intent in the market.

Form 4

Period: 2026-07-23

EVP, Chief People Officer

Transactions

Award
Phantom Stock
[F1][F2][F3]
2026-07-23$17.54/sh+422.15$7,405→ 34,509.82 total
→ Common Stock (422.15 underlying)

Footnotes (3)

[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).
[F3]This total includes 97.06 units of phantom stock acquired on 7/15/2026 pursuant to a dividend reinvestment feature of the SRSP and the DC-ESRP.

Signature

/s/ Koyo Konishi, attorney-in-fact for Alejandro T. Vallejo (Signed Power of Attorney on file with SEC)|2026-07-27

1 file