Overview of the transaction
Patricia K. Poppe, chief executive officer of PG&E Corp (NYSE: PCG), sold 31,250 shares of the company’s common stock on February 18, 2026. The block of shares generated gross proceeds of $559,375 and was executed at a weighted average price of $17.90 per share. Individual trades in the sequence occurred within a price band of $17.79 to $18.07.
Post-sale ownership and trading plan
After completing the sale, Poppe retained direct ownership of 216,921 shares of PG&E common stock. In addition, she maintains indirect holdings totaling 1,863,960 shares through the Patricia K. Poppe Revocable Living Trust. The stock dispositions were made pursuant to a previously adopted trading arrangement that complies with Rule 10b5-1(c); that plan was put in place on November 4, 2025.
Quarterly results and market reception
PG&E Corporation released fourth-quarter 2025 financial results that slightly underperformed consensus estimates. The company reported earnings per share of $0.36, missing the expected $0.37, and disclosed revenue of $6.8 billion versus the $7.1 billion many analysts had anticipated. Despite these shortfalls, commentary in market responses noted that the company’s strategic initiatives and its forward-looking guidance were received positively by investors.
Credit ratings update
Concurrently, Moody’s Ratings affirmed PG&E Corporation’s Baa3 Issuer rating and maintained Pacific Gas & Electric Company’s Ba2 senior secured rating along with the Ba3 rating on junior subordinated notes. Moody’s also revised its outlooks for the companies from stable to positive, a change that applies to about $44 billion of debt securities across the entities.
Context and limitations
The disclosures provide a snapshot of insider liquidity activity, recent quarterly performance relative to expectations, and the latest credit agency assessment. The information reported here is limited to the specific sale, current ownership positions tied to Poppe, the November 4, 2025 adoption date for the Rule 10b5-1(c) plan, the company’s headline quarterly figures, and Moody’s stated rating actions. No additional financial projections or forward-looking statements beyond those summarized were included in the disclosures referenced.