PG&E Corp: director Leo P Denault received 2,653.06 shares

What happened Leo P Denault, a director, received 2,653.06 units of phantom stock (derivative securities) on Sep 30, 2026, at $12.25 per unit, totaling $32,500. The filing reports the grant/award under transaction code A.

Key details

• Transaction date and price: Sep 30, 2026; $12.25 per unit; total value $32,500.
• Transaction code: A (award/grant).
• Shares owned after the transaction: not reported in the filing.
• Footnotes included in the filing:
  • F1: Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable in cash upon the reporting person's termination of service as a director.
  • F2: Phantom stock acquired upon deferral of compensation under the Deferred Compensation Plan for Non-Employee Directors, exempt under Rule 16b-3(d).
  • F3: This total reflects the acquisition of 31.33 units of phantom stock acquired on Jul 15, 2026 pursuant to a dividend reinvestment feature of the Deferred Compensation Plan for Non-Employee Directors.
• Filing timeliness: not indicated in the Form 4 provided.

Why it may matter

• This was an award of phantom stock (a derivative cash-payable unit), not an open-market purchase or sale. A filing does not show why the insider traded or why the company acted.