Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 82

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 82
---
 shareholders own less than 70 percent of the voting power in the surviving entity (or parent of the surviving entity);

• Consummation of the sale, lease, exchange, or other transfer of all or substantially all of PG&E Corporation’s assets; or

• Shareholder approval of a plan of liquidation or dissolution of PG&E Corporation.

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 93

#### LTIP Awards
Following a Change in Control, LTIP award agreements generally accelerate or automatically vest if either (a) the successor company fails to assume, continue, or substitute previously granted awards in a manner that preserves the value of those awards, or (b) the award recipient is terminated (including constructive termination) in connection with a Change in Control during a set period of time before or after the Change in Control. Specific acceleration, vesting, and settlement provisions are as follows (subject to any delays necessary to comply with Internal Revenue Code Section 409A).

Treatment of Unvested LTIP Awards Upon a Change in Control (CIC)

|               |     | CIC Occurs and Acquiror DoesNot Assume, Continue, orGrant Substitute LTIP Awards                                                                                                                                                                       |     | Termination WithinThree Months Before CIC;Awards Are Assumed,Continued, or Substituted                                   |     | Termination WithinTwo Years AfterCIC; Awards Are Assumed,Continued, or Substituted   |
| Performance   
 Shares        |     | Vest upon CIC, payable at end of the performance period, but based on a payout factor measuring TSR for PG&E for the period from the beginning of the performance period to the date of CIC, and assuming performance for other measures was at target |     | Vest upon CIC, payable at the end of the performance period                                                              |     | Vest upon termination, payable at the end of the performance period                  |
| RSUs          |     | Vest upon CIC, settled under the normal schedule                                                                                                                                                                                                       |     | Vest upon CIC, settled under the normal schedule (includes any RSUs that would have continued to vest after termination) |     | Vest upon termination, settled within 60 days                                        |
| Stock Options |     | Vest upon CIC and will be cancelled in exchange for fair value                                                                                                                                                                                         |     | Vest upon CIC; may be exercised within shorter of remaining term or one year                                             |     | Vest upon termination; may be exercised within shorter of remaining term or one year |

The Officer Sever