Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 49

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 49
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                                        |     | For 2024, Meridian concluded that the companies’ compensation arrangements do not encourage excessive risk taking (which also applies to PG&E’s CEO and the PEO of the Utility). The Committee believes the compensation programs and policies are not reasonably likely to have a material adverse effect on either PG&E Corporation or the Utility. |     |                                                                                                                                                                                        |     |                                                                                        |

#### Executive Stock Ownership Guidelines
We believe that stock ownership further aligns the interests of our executives with those of our shareholders, encouraging executives to consider the long-term performance and prospects for our companies. Our guidelines require all officers to achieve and maintain a minimum investment in PG&E Corporation common stock, expressed as a percentage of their base salary. In assessing compliance with the ownership target, beneficially owned stock, phantom stock units credited to the Supplemental Retirement Savings Plan, stock held in the stock fund of any defined contribution plan sponsored by either Company or its subsidiaries, and unvested RSUs are counted. Officers have five years to meet the ownership target for their respective position. All NEOs have already met their requirement or are expected to meet it within the remainder of the applicable five-year period. Until an officer meets the applicable ownership target, the officer is subject to a 100% holding requirement in relation to net shares realized after tax withholding from the vesting of RSUs or PSUs. The Committee may determine, based on its judgment and on a case-by-case basis, whether to temporarily suspend such guidelines if compliance would create severe hardship or prevent an officer from complying with a court order.

The current ownership targets are as follows:

| Roles                     |     | Ownership Targets(% of Base Salary) |     |     |   |
| CEO, PG&E Corporation     |     |                                     |     | 600 | % |
| Executive Vice Presidents |     |                                     |     | 300 | % |
| Senior Vice Presidents    |     |                                     |     | 200 | % |
| Vice Presidents           |     |                                     |     | 100 | % |

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 58

#### Clawback
We maintain three policies that provide the People and Compensation Committee and Boards with the ability to recoup payments in defined circumstances. The People and Compensation Committee periodically reviews these three policies, all of which remained unchanged throughout 2024. Summaries of each policy are provided below.

• The Dodd-Frank Clawback Policy complies with applicable listing standards and applies to current and former Section 16 Officers