Marlene Santos - Mar 1, 2025 Form 4 Insider Report for PG&E Corp (PCG)

Role: EVP, CCO at PG&E Company
Signature: /s/ J. Ellen Conti, attorney-in-fact for Marlene M. Santos (Signed Power of Attorney on file with SEC)
Stock symbol: PCG
Transactions as of: Mar 1, 2025
Transactions value $: -$4,252,400
Form type: 4
Date filed: 3/4/2025, 08:01 PM
Previous filing: Mar 19, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PCG	Common Stock	Award	$0	+260K	+126.89%	$0.00	465K	Mar 1, 2025	Direct	F1
transaction	PCG	Common Stock	Tax liability	-$2.19M	-134K	-28.89%	$16.34	331K	Mar 1, 2025	Direct	F2
transaction	PCG	Common Stock	Award	$0	+47.5K	+14.36%	$0.00	378K	Mar 3, 2025	Direct	F3
transaction	PCG	Common Stock	Sale	-$2.06M	-126K	-33.25%	$16.37	252K	Mar 4, 2025	Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Vested performance shares granted under the PG&E Corporation 2021 Long-Term Incentive Plan (LTIP) for the performance cycle ended 12/31/2024. Performance shares are payable in shares of PG&E Corporation common stock on a one-for-one basis.
F2	These shares were forfeited to satisfy tax withholding obligations in connection with the vesting of performance share units.
F3	Restricted Stock Units (RSUs) granted under the PG&E Corporation 2021 LTIP. RSUs are payable in shares of PG&E Corporation stock on a one-for-one basis.
F4	The reported transaction occurred pursuant to a trading plan intended to comply with Rule 10b5-1(c) and adopted on November 18, 2024.
F5	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.29 to $16.47, inclusive. The reporting person undertakes to provide to PG&E Corporation, any security holder of PG&E Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 5 to this Form 4.