Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 45

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 45
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 years. |     | •Long-term incentive awards represent a significant portion of total compensation.                                                                                                                                                                                                                       
 •Performance-based equity is subject to a three-year performance period.                                                                                                                                                                                                                                 |
| Ancillary compensation that is not aligned with shareholder and taxpayer interests in the electrical corporation should be minimal or eliminated.                                 |     | •Since January 1, 2022, executive officers are not eligible to receive stipends in lieu of perquisites.                                                                                                                                                                                                  |

(1) This is an abbreviated summary of some of the criteria and not intended to be comprehensive or contain formal legal definitions.

(2) Comments in this column with regard to target compensation refer to the aggregate of salary, target short-term incentive, and the target annual long-term incentive award, with percentages reflecting the proportionate mix of these elements for our NEOs on December 31, 2024.

#### Strategic Alignment
It is important that the performance metrics used in our officer compensation framework align with our strategic priorities if we are to be effective in paying for performance and demonstrating accountability. Our performance metrics reflect our focus on customer welfare, prioritizing both public and coworker safety, including contributing to long-term sustainable value for our shareholders.

Our metrics also reflect our regulatory and compliance commitments in the state of California and are regularly assessed relative to other California-regulated utility peers both in terms of the number and types of metrics used.

The majority of both our short- and long-term incentive plan metrics are connected to our focus on customer welfare and prioritizing public and coworker safety. These metrics are described below. Additional details regarding each of the listed performance measures can be found in the discussions of “Short-Term Incentives” and “Long-Term Incentives” below.

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 53

| 2024 Performance Metric                                                                        |     | Short-Term |     | Long-Term |     | Why This Matters                                                                                                                                                                                                               |
| Safety                                                                                         |     |            |     |           |     |                                                                                                                                                                                                                                |
| Weather-normalized CPUC-reportable fire ignitions rate                                         |     | l          |     |           |     | Public safety measure of the results of work to mitigate wildfire risk and reduce the overall number of wildfires in high fire threat districts and high fire risk areas.                                                      |
| Quality pass rate                                                                              |     | l          |     |           |     | Public safety index measure of the quality of completion of electric system inspections and vegetation management.                                                                                                             |
| Gas dig-in rate