Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 50

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 50
---
 across both companies. It requires the recoupment of excess incentive-based compensation received by the officer during a three-year look back following a financial restatement due to material noncompliance with any financial reporting requirements.

• The Executive Incentive Compensation Recoupment Policy is a broader clawback policy that affords the People and Compensation Committee and Boards discretion to recoup specified incentive-based compensation, including STIP awards, PSUs and time-vested RSUs made to Section 16 Officers across both companies in defined circumstances, including no-fault scenarios that would negatively impact our shareholders.

• The 2012 PG&E Corporation Officer Severance Policy enables the People and Compensation Committee and Boards to recoup severance rights, payments, and benefits provided to executive officers across both companies (including executive officers as defined in AB 1054) in defined circumstances.

| Element              |     | Dodd-Frank Clawback Policy                                                                                                                                                                                                                                |     | Executive Incentive Compensation Recoupment Policy                                                   |     | 2012 Officer Severance Policy                                                                                                                                          |
| Covered individuals  |     | Current and former Section 16 Officers                                                                                                                                                                                                                    |     | Current and former Section 16 Officers                                                               |     | Executive Officers                                                                                                                                                     |
| Covered compensation |     | Incentive compensation that is granted, earned, or vested based wholly or in part upon a financial reporting measure, which includes stock price and total shareholder return.                                                                            |     | All performance-based and time-vesting compensation                                                  |     | Severance benefits                                                                                                                                                     |
| Triggers             |     | Restatements due to material noncompliance with applicable requirements, including restatements that correct immaterial errors that would result in material noncompliance if left uncorrected, commonly referred to “Big R” and “little R” restatements. |     | •  Financial restatement with the SEC for any of the three most recently completed fiscal years      
 •  A material miscalculation with respect to the amount of any payment                               
 •  Individual involvement in fraud or misconduct that causes material financial or reputational harm |     | Individual misconduct that materially contributes to PG&E Corporation or Utility felony conviction relating to public health or safety or company financial misconduct |

A copy of the Dodd-Frank Clawback Policy and the 2012 Officer Severance Policy, as amended, 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, 2023. A copy of the Executive Incentive Compensation