Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 44

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 44
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     |              |     | Pay unearned dividends |No dividends or dividend equivalents are paid on unvested equity awards.                                                                       |
|          |     | Have a double trigger |Change in control severance requires a change in control and involuntary termination (includes constructive termination for good reason).                                |     |              |     | Provide excessive benefits or perquisites |Benefits and perquisites are limited,and do not exceedmarket norms.                                                         |

#### Commitment to Compliance
The Utility is subject to AB 1054, a California law which, among other things, sets out certain criteria regarding the design of the Utility’s executive compensation program. Although these criteria only apply to the Utility’s executive officers as defined in AB 1054, the criteria have also influenced the executive compensation design and arrangements for officers at PG&E Corporation. There are also additional executive compensation requirements that the Utility is subject to as a result of the POR OII.

Supporting Information: California Assembly Bill 1054 Considerations

AB 1054 is legislation applying to the Utility that addresses the dangers and devastation from catastrophic wildfires in California caused by electric utility infrastructure. There are two subsections setting forth criteria regarding executive compensation with which the Utility complies. These criteria apply specifically to a subset of Utility officers and influence the design of our programs more broadly at both the Utility and PG&E Corporation. We have designed our programs to comply with these requirements, as described below.

Additionally, as part of AB 1054, the Utility annually submits information regarding its executive compensation structure to California’s Office of Energy Infrastructure Safety. In 2024, the Office of Energy Infrastructure Safety determined that the Utility’s 2024 executive compensation structure satisfied AB 1054’s requirements by, among other things, being structured to promote safety as a priority and to ensure public safety and Utility financial stability.

Supporting Information: Chapter 11 Considerations — Plan of Reorganization Order Instituting Investigation

The POR OII is the process by which the CPUC reviewed and approved the companies’ Chapter 11 Plan of Reorganization. As part of the POR OII, the Utility is subject to additional requirements regarding executive compensation that apply specifically to a subset of Utility officers, and we have designed our programs to comply with these requirements, as described below.

| Requirement(1)                                                                                                                                                                                                           |     | How We Achieve This(2)                                                                                                                                                                                                    |
| Compensation should be structured to promote safety as a priority and to ensure public safety.                                                                                                                           |     | •Incentive plan metrics are weighted toward customer