Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 48

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 48
---
 to effectively fulfill an advisor role to

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 56

the People and Compensation Committee). During and in respect of 2024, Meridian advised and supported the People and Comp ensation Committee on various items, such as:

• Board of director compensation

• Market competitiveness of executive officer compensation

• Emerging trends and best practices in executive pay and corporate governance

• Performance goal evaluation and metric selection

• Selection of pay and performance comparator groups

• Compensation risk assessment

• Shareholder advisory firms’ perspectives

• Disclosures relating to compensation

The People and Compensation Committee determined that no conflicts of interest were raised by the work of Meridian during 2024. The People and Compensation Committee may also engage other compensation consultants, legal counsel, and advisers, after consideration of their independence and the potential for conflicts of interest. PG&E Corporation pays reasonable compensation costs for any such advisers and consultants. Management may also retain separate compensation consultants.

#### Shareholder Engagement
Feedback from shareholders is an important consideration for the People and Compensation Committee when reviewing and setting compensation for our executive officers. In a typical year, this feedback is collected through two primary channels:

• Directly through proactive engagement with our major shareholders and stakeholders throughout the year, and

• Indirectly through the results of our say-on-pay vote.

| Shareholder and Stakeholder Meetings                                                                                                                                                                                    
 Provides an opportunity to speak directly to our shareholder and other relevant stakeholders (such as regulators and proxy advisors) on compensation, as well as broader topics such as ESG and our long-term strategy. |     |                                                                                                                                                                                      |     | Say-On-Pay Vote Results                                                                                                             
 Provides opportunities for shareholder to vote on an advisory basis on our compensation arrangements, typically on an annual basis. |
|                                                                                                                                                                                                                         |     | Review of Feedback                                                                                                                                                                   
 The Committee actively considers feedback from shareholders, regulators, and other relevant stakeholder groups as part of its broader review of executive compensation arrangements. |     |                                                                                                                                     |

The People and Compensation Committee regularly reviews executive compensation, taking into consideration input received through PG&E’s regular and ongoing engagement with investors, as well as indirect feedback from proxy advisor voting recommendations and investor voting guidelines. This feedback is then considered alongside the applicable regulatory requirements and our commitment to reach balanced and informed decisions.

Prior to the 2025 Annual Meetings, we reached out to fifteen of our large institutional shareholders, including the top ten shareholders. When executive compensation was raised in these meetings, shareholders communicated that they did not have