Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 52

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 52
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| The Southern Company (NYSE: SO)       |     | l   |     | l           |
| WEC Energy (NYSE: WEC)                |     |     |     | l           |
| Xcel Energy (NASDAQ: XEL)             |     | l   |     | l           |

In reviewing pay data, the People and Compensation Committee does not adhere strictly to formulas or data to determine the actual mix and amounts of compensation. When referencing positioning against market data, the People and Compensation Committee also considers factors including each NEO’s scope of responsibility and organizational impact, experience, and performance, as well as PG&E Corporation’s and the Utility’s overall safety, operating, and financial results in reaching decisions. This flexibility is important in supporting the overall pay-for-performance philosophy and in meeting the People and Compensation Committee’s objectives of attracting, retaining, and motivating a talented executive leadership team.

#### Incentive Plan Goal Setting
To be successful in aligning pay with performance, it is important that performance goals are set appropriately within our incentive programs. For each of the metrics used in our incentive plans, the People and Compensation Committee reviews a comprehensive analysis that typically sets out the following, on a metric-specific basis:

• Data on historic performance, showing multi-year trends;

• Projected performance on a multi-year basis, driven by workplans, regulatory commitments and anticipated timing of milestone achievements;

• Relevant industry benchmarks;

• Target setting methodology, with recommended ranges around the target to establish threshold and maximum goals; and

• Degree of change in the proposed threshold, target, and maximum goals as compared with the prior year.

Each metric also has management associated contacts and approvers to maximize accountability and transparency.

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 60

#### 2024 Compensation Decision and Outcomes

#### Base Salary
Base salaries are reviewed on an annual basis and are targeted to be within a competitive range of market for comparable roles in the Pay Comparator Group. In determining each NEO’s base salary, consideration is given to role scope and individual experience and performance. The People and Compensation Committee believes that this level of comparability to market is appropriate and consistent with its pay philosophy of taking into consideration factors other than market data in establishing individual pay levels, while delivering cash compensation that is competitive with the market. In reviewing salaries for 2024, increases reflected merit adjustments by role other than for Ms. Poppe who received no adjustment to her base salary.

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