John R. Simon - Mar 1, 2022 Form 4 Insider Report for PG&E Corp (PCG)

Role
EVP, GC, Chief E&C Officer
Signature
/s/ Lisa J. Crawford, Attorney-in-fact for John R. Simon (Signed Power of Attorney on file with SEC)
Stock symbol
PCG
Transactions as of
Mar 1, 2022
Transactions value $
-$58,105
Form type
4
Date filed
3/3/2022, 05:31 PM
Previous filing
Aug 17, 2021
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCG Common Stock Tax liability -$58.1K -5.14K -4.37% $11.30 113K Mar 1, 2022 Direct
transaction PCG Common Stock Other $0 -3.11K -49.04% $0.00 3.23K Mar 1, 2022 Held by Trustee of PG&E Corporation Retirement Savings Plan F1, F2
transaction PCG Common Stock Gift $0 -10.8K -9.6% $0.00 102K Mar 1, 2022 Direct F3
transaction PCG Common Stock Gift $0 +10.8K +11.08% $0.00 108K Mar 1, 2022 Held by Simon Family Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Due to an administrative error, PG&E Corporation inadvertently contributed funds to the Company Stock Fund option in the Reporting Person's 401(k) Plan account from 1/2019 to 5/2021 representing approximately 3,105.29 shares for the Reporting Person (the Affected Shares). PG&E Corporation has determined that, consistent with IRS guidelines and the Reporting Person's then-applicable instructions, these transactions (together with any subsequent transactions in the Affected Shares) should be effectively unwound, and accordingly PG&E Corporation has instructed the plan trustee to take such actions as may be required to restore the Reporting Person's then-applicable instructions.
F2 Represents the approximate number of shares of PG&E Corporation common stock held for the Reporting Person in the PG&E Corporation Stock Fund of the PG&E Corporation Retirement Savings Plan (RSP). That fund holds units consisting of PG&E Corporation common stock and a small short-term investments component. The number of shares is computed by dividing the value of the units by the daily closing price. Dividends are automatically invested in additional units at the election of the participant. These holdings have been trued up to conform to the RSP balance as of 3/1/2022.
F3 Includes 160.39 Special Incentive Stock Ownership Premiums (SISOPs) (phantom stock) awarded pursuant to the PG&E Corporation Executive Stock Ownership Program. SISOPs vest three years after the date of grant subject to accelerated vesting upon certain events. Unvested SISOPs are subject to forfeiture if certain stock ownership targets are not met. Vested SISOPs are automatically payable in an equal number of shares following termination of employment.