Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 27

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 27
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 comparable to those that could be obtained in arm’s-length dealings with an unrelated third party, and whether the transaction is inconsistent with the best interests of the companies and their shareholders. The Policy also requires that each Audit Committee disclose to the respective Board any material related person transactions.                                                                                                                                                                               
 Since January 1, 2024, all related person transactions have been approved or ratified by the applicable Audit Committee in accordance with this Policy.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

#### Related Person Transactions
BlackRock, Inc. and its affiliates (BlackRock) provide asset management services to the Utility’s nuclear decommissioning trusts, customer credit trust, and various trusts associated with the companies’ employee benefit plans. During 2024, BlackRock earned approximately $3.4 million for these services.

Fidelity Management and Research Company, LLC and its affiliates (Fidelity) provide recordkeeper and trustee services for benefit plans sponsored by PG&E Corporation. During 2024, Fidelity earned approximately $0.2 million for these services.

JPMorgan Chase & Co. and affiliates (JPMorgan) provide asset management services for trusts associated with the companies’ employee benefit plans. During 2024, JPMorgan earned approximately $1.7 million for these services.

State Street Corporation and its affiliates (State Street) provide asset management services for the Utility’s nuclear decommissioning trusts and the defined contribution plan associated with the companies’ employee benefit plans. During 2024, State Street earned approximately $2.5 million for these services.

Each of BlackRock, Fidelity, JPMorgan, and State Street beneficially owns at least 5 percent of PG&E Corporation’s common stock, and such services were initiated prior to becoming 5 percent owners of PG&E Corporation’s common stock. PG&E Corporation expects that these companies will continue to provide similar services and products in the future, at similar levels, in the normal course of business operations.

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 38

Compensation of
non-employee directors

Each of the Boards of PG&E Corporation and the Utility establishes the level of compensation for that company’s non-employee directors, based on the recommendation of the People and Compensation Committee. Directors who serve as employees of either company receive no additional compensation for concurrent service as directors.

The People and Compensation Committee periodically reviews the amount and form of compensation paid to non-employee directors of PG&E Corporation and the Utility. As part of this review