John R. Simon, who serves as Executive Vice President, General Counsel and Chief E&C Officer at PG&E Corporation, sold a total of 50,000 shares of the company’s common stock on February 18 and 19, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The disposition was carried out under a pre-arranged 10b5-1 trading plan and produced aggregate proceeds of $900,043. On February 18, Simon sold 4,393 shares at a weighted average price of $18.01, with sales in a range of $18.00 to $18.07. The following day, February 19, he sold 45,607 shares at a weighted average price of $18.00, with the trades executed in a range of $18.00 to $18.01.
Those sales came as PG&E shares were trading close to a 52-week high of $18.38. The stock has advanced 12.6% year-to-date. A Fair Value assessment included in available analysis indicates the shares appear undervalued, and further analytical guidance is noted as available through additional investor tips.
Post-transaction holdings
Following these sales, the filing shows multiple holdings tied to Simon. The Simon Family Trust indirectly holds 392,303 shares of PG&E common stock. Separately, Simon is reported to indirectly hold 3,242.02 shares through the PG&E Corporation Retirement Savings Plan and to directly hold 104,406.29 shares.
Recent corporate results and rating action
PG&E Corporation released fourth-quarter results for 2025 that narrowly missed consensus expectations on both earnings and revenue. The company reported earnings per share of $0.36 versus an expected $0.37, and revenue of $6.8 billion compared with consensus revenue of $7.1 billion. Despite those shortfalls versus forecasts, the company’s strategic initiatives and forward guidance prompted a positive response from investors, as noted in reporting tied to the results.
In a separate development, Moody’s Ratings affirmed issuer and debt ratings for PG&E Corporation and Pacific Gas & Electric Company while revising outlooks to positive from stable. The action applies to approximately $44 billion of debt securities. Moody’s maintained PG&E’s Baa3 issuer rating and affirmed Pacific Gas & Electric Company’s Ba2 senior secured rating and Ba3 rating on junior subordinated notes.
Context and closing
The February share sales by Simon were executed under an established 10b5-1 plan, a structure that allows insiders to sell predetermined amounts of stock at set times. The transactions, the company’s most recent quarterly performance, and the rating agency’s actions together paint a picture of active financial management and evolving market perceptions as PG&E navigates operational and balance-sheet dynamics.