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

What Happened
Alejandro T. Vallejo, EVP and Chief People Officer of PG&E Corporation (PCG), received a derivative award of 596.66 phantom shares on 2026-09-23 at an imputed value of $12.41 per share, totaling about $7,405. This was reported on a Form 4 filed 2026-09-25. The award is phantom stock (a cash-settled equivalent), not a purchase of actual common shares.

Key Details

• Transaction date: 2026-09-23; filing date: 2026-09-25 (timely filing).
• Transaction type/code: A — Grant / Award / Other Acquisition (derivative).
• Amount: 596.66 phantom shares at $12.41 per share; total value ≈ $7,405.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes:
  • F1 — Each phantom share equals the economic equivalent of one common share and is payable in cash after the officer’s service ends; can be moved into an alternative investment account under the SRSP/DC-ESRP.
  • F2 — Phantom stock arose from a deferral under the SRSP and credits under the DC-ESRP; these are exempt under Rule 16b-3(d).
• Market implication: This is an internal compensation award (cash-settled phantom stock), not an open-market buy or sale, and does not represent immediate stock buying or selling.