Alejandro T. Vallejo's Phantom Stock Acquisition in PG&E Corp

On October 24, 2025, Alejandro T. Vallejo, EVP and Chief People Officer of PG&E Corp, acquired 487.55 units of phantom stock at a price of $16.40 per share. This transaction increased his total holdings of phantom stock to 28,578.75 units. The phantom stock is the economic equivalent of one share of common stock and becomes payable in cash following Vallejo's termination of service as an officer. The acquisition was made through the PG&E Corporation 2005 Supplemental Retirement Savings Plan (SRSP) and the PG&E Corporation Defined Contribution Executive Supplemental Retirement Plan (DC-ESRP), both exempt under Rule 16b-3(d). Additionally, 42.04 units of phantom stock were acquired on October 15, 2025, through a dividend reinvestment feature of the SRSP and DC-ESRP.