Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 26

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 26
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 with its review of officer elections, promotions, and compensation matters during the year.

Throughout 2024, the People and Compensation Committee addressed management succession and executive development in connection with its review of officer elections, promotions, and compensation matters during the year.

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 37

Related person transactions

#### Related person transactions policy
The Boards of PG&E Corporation and the Utility each adopted a written policy (the companies’ Related Person Transaction Policy, or the “Policy”), which generally requires the applicable Audit Committee’s approval or ratification of transactions that would require disclosure under Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934 (Item 404(a)), except that the Policy has a lower dollar threshold than Item 404(a).

| Annual Review                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |     | At the first meeting of each year, each company’s Audit Committee reviews, approves, and/or ratifies related person transactions (other than the types of transactions that are excluded from disclosure under Item 404(a)) with values exceeding $10,000 in which either company participates and in which any “Related Person” has a material direct or indirect interest. For these purposes, “Related Person” includes (1) any director, nominee for director, or executive officer, (2) holders of greater than 5 percent of that company’s voting securities, and (3) those parties’ immediate family members. |
| Periodic Review                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |     | After the annual review and approval of related person transactions, if either company wishes to enter into a new related person transaction, then that transaction must be either pre-approved or ratified by the applicable Audit Committee. If a transaction is not ratified in accordance with the Policy, management will make all reasonable efforts to cancel or annul that transaction.                                                                                                                                                                                                                      |
| Where it is not practical or desirable to wait until the next Audit Committee meeting to obtain approval or ratification, the Chair of the applicable Audit Committee may elect to approve a particular related person transaction. If the Chair of the applicable Audit Committee has an interest in the proposed related person transaction, then that transaction may be reviewed and approved by another independent and disinterested member of the applicable Audit Committee. In either case, the individual approving the transaction must report such approval to the full Audit Committee at the next regularly scheduled meeting. |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| When reviewing any related person transaction, the Audit Committees consider whether the transaction is on terms