The CEO and a top strategist selling on the same day is optically notable, but the dollar amount is too small to signal material negative news. Monitor for any upcoming 8-K or earnings release that could explain the timing — if no catalyst emerges within 30 days, treat this as routine portfolio rebalancing.
Price Chart
Executive Summary
Two top PG&E executives — the CEO and EVP of Strategy and Growth — sold a combined $1.28M in open-market shares on April 28, 2026. While the dollar amount is trivial relative to PG&E's $43.9B market cap (0.003%), the cluster involves the CEO and a key strategist selling on the same day, which warrants attention. Historical calibration shows this filing type has a poor track record at this score level, and the cluster's small size suggests routine portfolio diversification rather than a material negative signal.
Key Financial Metrics
Key Facts
- CEO Patricia Poppe sold 31,250 shares for $512K on April 28, 2026
- EVP Jason Glickman sold 47,264 shares for $773K on April 28, 2026
- Total cluster value of $1.28M represents 0.003% of PG&E's $43.9B market cap
- No open-market purchases in the cluster; one non-cash grant of 440 shares to EVP Vallejo
- Prior 30-day insider activity showed only $1.3M in sales — this cluster is consistent with that pattern
Financial Impact
Total insider sales of $1.28M, negligible relative to $43.9B market cap
Risk Factors
- CEO selling alongside a key executive could indicate private concerns about near-term performance
- Cluster occurs without any open-market purchases to offset the selling signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PCG-1777426505789 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 1d ago | Insider Buy | $12.18 awaiting T+20 | awaiting T+20 | — | $12.17 (−0.08%) |
Aug 31, 2026 4w ago | 8-K | $13.27 $12.18 | ▼ −8.21% | ▼ −8.03% | $12.17 (−8.29%) |
Jul 24, 2026 10w ago | Insider Cluster | $17.85 $17.60 | ▼ −1.40% | ▼ −5.03% | $12.17 (−31.82%) |
Jul 24, 2026 10w ago | Insider Cluster | $17.85 $17.60 | ▼ −1.40% | ▼ −5.03% | $12.17 (−31.82%) |
Jun 23, 2026 14w ago | 8-K | $17.12 $18.11 | ▲ +5.78% | ▲ +3.85% | $12.17 (−28.91%) |
Jun 3, 2026 17w ago | 8-K | $41.45 $41.81 | ▲ +0.87% | ▲ +2.24% | $12.17 (−70.64%) |
Apr 28, 2026 22w ago | 144 | $40.56 $40.80 | ▲ +0.60% | ▼ −5.45% | $12.17 (−69.99%) |
Apr 28, 2026 22w ago | Insider Cluster | $16.36 $16.29 | ▼ −0.43% | ▼ −6.48% | $12.17 (−25.60%) |
Mar 16, 2026 28w ago | Insider Cluster | $18.46 $17.56 | ▼ −4.88% | ▼ −8.66% | $12.17 (−34.06%) |
Mar 16, 2026 28w ago | Insider Cluster | $18.46 $17.56 | ▲ +4.88% | ▲ +8.66% | $12.17 (+34.06%) |
US Market Status
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