Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 51

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 51
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 Recoupment Policy can be found attached to PG&E Corporation’s and the Utility’s Annual Report on Form 10-K for the year ended December 31, 2020. No clawback-related actions pursuant to any of these policies were required or pursued in 2024.

#### Anti-Hedging and Anti-Pledging Policy
The Insider Trading Standard prohibits certain hedging and pledging activities conducted by the companies’ Board members, officers, and designated coworkers who are subject to a quarterly earnings blackout period or event-specific blackout period. The policy covers equity instruments related directly or indirectly to either company or their subsidiaries. Covered individuals may not engage in short sales, transactions in publicly traded options, or hedging or monetization transactions; hold securities in a margin account; or pledge securities as collateral for a loan.

#### Use of Market Data
The People and Compensation Committee maintains two peer groups: one for benchmarking pay and the other for measuring relative total shareholder return performance. Distinct groups are maintained to help ensure each is relevant for its primary purpose.

| PayComparatorGroup         |     |   |                                                                                                                                                                                                       |     | • | Provides insights into compensation levels and design within companies that PG&E Corporation and the Utility compete with for talent and that are similar in terms of size and business operations. |
|                            |     | • | Comprises publicly traded utility companies.                                                                                                                                                          |     |   |                                                                                                                                                                                                     |
|                            |     | • | Supplemented by pay practice data from surveys for the broader energy services sector and general industry companies based on survey data.                                                            |     |   |                                                                                                                                                                                                     |
| PerformanceComparatorGroup |     |   |                                                                                                                                                                                                       |     | • | Provides comparative benchmark for PG&E Corporation’s total shareholder return performance, and other relative industry-standard benchmarks that might be considered in goal setting.               |
|                            |     | • | Comprises publicly traded electric and/or gas utility companies that are categorized consistently by the investment community as “regulated” and have a market capitalization of at least $6 billion. |     |   |                                                                                                                                                                                                     |

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 59

Each year the People and Compensation Committee approves the constituents of the pay and performance comparator groups. Informed by recommendations from the independent compensation consultant, the People and Compensation Committee approved the following comparator groups for 2024. Two companies were removed from pay comparator group relative to 2023 due to their relative revenue scope (Ameren and WEC Energy) and one company was