Vallejo Alejandro T 4

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.