Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 97

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 97
---
 Services Provided During 2024 and 2023
During 2024 and 2023, all services provided by Deloitte & Touche to PG&E Corporation, the Utility, and their consolidated affiliates were approved consistent with the applicable pre-approval procedures.

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement 106

Proposal 4:

Approval of the 2025 PG&E Corporation Employee Stock Purchase Plan

| Board Recommendation |     |            |     | What are you voting on?                                                                                                             
 PG&E Corporation asks its shareholders to approve the 2025 PG&E Corporation Employee Stock Purchase Plan effective January 1, 2026. |
|:---------------------|:----|:-----------|:----|:------------------------------------------------------------------------------------------------------------------------------------|
|                      |     | Vote “FOR” |     |                                                                                                                                     |

On February 20, 2025, the PG&E Corporation’s Board approved and adopted, subject to approval of the Corporation’s shareholders, the PG&E Corporation 2025 Employee Stock Purchase Plan, or the ESPP. The ESPP will become effective on January 1, 2026. This summary is not a complete description of all provisions of the ESPP and is qualified in its entirety by reference to the ESPP itself. For a more complete description of the terms of the ESPP, you should read the ESPP which is set forth in Appendix A of this proxy statement.

Purpose . The purpose of the ESPP is to attract the services of new employees, to retain the services of existing employees, and to provide incentives for such individuals to exert maximum efforts toward our success by purchasing shares of PG&E Corporation common stock on favorable terms. The ESPP would be open to a broad base of full-time employees and would align their financial interests with those of existing shareholders.

General. The Corporation intends to make offerings under the Plan that are intended to qualify as an “employee stock purchase plan” under Section 423 of the U.S. Internal Revenue Code, as amended. During regularly scheduled “offerings” under the ESPP, participants will be able to request payroll deductions and then expend the accumulated deduction to purchase a number of shares of the Corporation’s common stock at a discount and in an amount determined in accordance with the ESPP’s terms.

Shares Available for Issuance. The maximum aggregate share reserve under the ESPP available for purchase shall be equal to 2% of the total number of voting shares of the Corporation’s common stock outstanding as of December 31, 2024