Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 62

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 62
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 NEOs) the sum of base salary and STIP target |
| •                                                                 |     | LTIP award agreements detail treatment that accelerate vesting of all awards on a change of control (CIC) if either (1) the officer is severed in connection with the CIC, or (2) the award is not continued, assumed, or substituted |     |                                                                                                                                               |     |                                                                                                      |

The Golden Parachute Restriction Policy requires shareholder approval of certain defined executive severance payments provided in connection with a change in control of PG&E Corporation, to the extent that those payments exceed 2.99 times the sum of a covered officer’s base salary and target short-term incentive award.

The Officer Severance Policy also permits reduction and repayment of severance benefits from certain officers, with certain triggers.

Specifically, the Boards of Directors of PG&E Corporation and the Utility will have:

• A right to cancel, reduce, or require forfeiture of severance payments or benefits from (1) executive officers of either company in the event of a felony conviction of either company related to public health and safety or financial misconduct by either company following its July 1, 2020 emergence from Chapter 11 (Company Conviction), provided that an affected executive officer was serving as an executive officer of the convicted company at the time of the conduct leading to the Company Conviction; or (2) either company’s CEO or CFO if that company is required to restate its financial statements due to that company’s material non-compliance with financial reporting requirements as a result of misconduct, provided that the individual was serving as CEO or CFO during the period covered by the restatement; and

• A right to recoup or require reimbursement or repayment of severance rights, payments, and benefits from executive officers in the event such executive officers engaged in misconduct that materially contributed to some of the actions or omissions on which a Company Conviction is based.

Additional details regarding severance benefits can be found in the sections entitled “Potential Payments—Termination Without Cause” beginning on page 90, and “Potential Payments—Severance in Connection with Change in Control” beginning on page 90.

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 74

#### 2025 Compensation Structure

#### Comparator Groups
The People and Compensation Committee reviewed and updated the Pay Comparator Group for 2025 to include more revenue-comparable peers and the Performance Comparator Group for better alignment with regulatory environments and risk profiles.

#### Short-Term Incentive