Alejandro T. Vallejo - 21 Nov 2025 Form 4 Insider Report for PG&E Corp (PCG)

Role: EVP, Chief People Officer
Signature: /s/ Koyo Konishi, Attorney-in-fact for Alejandro T. Vallejo (Signed Power of Attorney on file with SEC)
Issuer symbol: PCG
Transactions as of: 21 Nov 2025
Transactions value $: $7,996
Form type: 4
Filing time: 25 Nov 2025, 16:16:17 UTC
Previous filing: 29 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Vallejo Alejandro T	EVP, Chief People Officer	300 LAKESIDE DRIVE, OAKLAND	/s/ Koyo Konishi, Attorney-in-fact for Alejandro T. Vallejo (Signed Power of Attorney on file with SEC)	25 Nov 2025	0002090308

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PCG	Phantom Stock	Award	$8K	+510	+1.79%	$15.67	29.1K	21 Nov 2025	Common Stock	510		Direct	F1, F2

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

Explanation of Responses:

Id	Content
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).

Content

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").

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).