Burke Carolyn Jeanne 4

What Happened
Carolyn Jeanne Burke, EVP and Chief Financial Officer of PG&E Corporation (PCG), had 144,806 performance shares vest on 2026-03-16 under the company's LTIP. Of those vested shares, 80,049 were forfeited to satisfy tax withholding obligations at a reported price of $18.14 per share (proceeds/value = $1,452,089). The award entry shows acquisition at $0.00 because these were performance share units paid one-for-one in common stock.

Key Details

• Transaction dates: 2026-03-16 (vesting and tax-withholding forfeiture); Form 4 filed 2026-03-17 (timely).
• Award: 144,806 performance shares granted/vested (Code A) — reported acquisition price $0.00.
• Tax withholding: 80,049 shares forfeited (Code F) at $18.14 each = $1,452,089 disposed to cover taxes.
• Net shares retained from this vesting: 144,806 − 80,049 = 64,757 shares (shares owned after the transaction not explicitly stated in the filing).
• Footnotes: F1 — shares vested under the PG&E Corporation 2021 Long-Term Incentive Plan for the performance cycle ended 12/31/2025 and are payable one-for-one in common stock. F2 — shares were forfeited to satisfy tax withholding.
• Filing timeliness: Reported the next day (not indicated as late).

Context
This was a vesting of performance-based restricted stock units, with a portion forfeited to the company to cover withholding tax (a common "sell-to-cover" mechanism). The forfeiture is not an open-market sale and generally reflects tax obligations rather than a directional bet by the insider.