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PG&E Executive Compensation (FY25)

PCG · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 26, 2026
417 figures on this page: 408 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Patricia Poppe was paid $19,812,481 in total compensation as CEO, PG&E Corporation for fiscal 2025, and Poppe's total moved 25.2% higher from the $15,823,939 reported for fiscal 2024. Meanwhile, the company reported a chief executive pay ratio of 100:1 for fiscal 2025, against median employee compensation of $198,261. Separately, the say-on-pay proposal drew 90.8% of votes cast for or against in favor at the meeting held May 21, 2026 for fiscal 2025. The disclosed peer group names Alliant Energy, Ameren, American Electric Power, CenterPoint Energy and CMS Energy, among others.
Chief executive, fiscal 2025
◇
Patricia Poppe
Median of the other named officers
$3,433,318
9 officers, excluding the chief executive
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Patricia Poppe: $15,823,939 → $19,812,481 (25.2% higher)
Say-on-pay support: 95.7% → 90.8% (4.9 points lower)
CEO pay ratio: 87:1 → 100:1 (14.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is PG&E's chief executive and what were they paid?
Patricia Poppe was paid $19,812,481 in total compensation as CEO, PG&E Corporation for fiscal 2025. Poppe's total moved 25.2% higher from the $15,823,939 reported for fiscal 2024.
What was PG&E's say-on-pay result?
The say-on-pay proposal drew 90.8% of votes cast for or against in favor at the meeting held May 21, 2026 for fiscal 2025.
Which companies are in PG&E's peer group?
The disclosed peer group names Alliant Energy, Ameren, American Electric Power, CenterPoint Energy and CMS Energy, among others.
What is PG&E's chief executive pay ratio?
The company reported a chief executive pay ratio of 100:1 for fiscal 2025, against median employee compensation of $198,261.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patricia Poppe
Chief Executive Officer, PG&E Corporation
◇—◇—◇◇◇◇
Marlene Santos
Executive Vice President and Chief Customer Officer and Enterprise Solutions Officer, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Sumeet Singh
Executive Vice President, Operations and Chief Operating Officer, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
John Simon
Executive Vice President, General Counsel and Chief Ethics & Compliance Officer, PG&E Corporation
◇—◇—◇◇◇◇
Carolyn Burke
Executive Vice President and Chief Financial Officer, PG&E Corporation
◇◇◇—◇◇◇◇
Jason Glickman
Executive Vice President, Engineering, Planning and Strategy, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Julius Cox
Former Executive Vice President, People, Shared Services and Supply Chain, Pacific Gas and Electric Company
Departed during or after this year
◇—◇———◇◇
Christopher Foster
Former Executive Vice President and Chief Financial Officer, PG&E Corporation
Departed during or after this year
◇—◇———◇◇
Stephanie Williams
Vice President, Chief Financial Officer, and Controller, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Adam Wright
Former Executive Vice President, Operations and COO, Pacific Gas and Electric Company
Departed during or after this year
◇—————◇◇
David Thomason
Former Vice President, CFO and Controller, Pacific Gas and Electric Company
Departed during or after this year
◇————◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patricia Poppe
CEO, PG&E Corporation
◇—◇—◇◇◇◇
John Simon
EVP, General Counsel, and Chief Ethics & Compliance Officer, PG&E Corporation
◇—◇—◇◇◇◇
Marlene Santos
EVP and Chief Customer Officer and Enterprise Solutions Officer, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Kaled Awada
EVP and Chief People Officer, PG&E Corporation and Pacific Gas and Electric Company
◇◇◇—◇◇◇◇
Sumeet Singh
EVP, Operations and Chief Operating Officer, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Carolyn Burke
EVP and CFO, PG&E Corporation
◇—◇—◇◇◇◇
Jason Glickman
EVP, Engineering, Planning and Strategy, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Ajay Waghray
EVP and Chief Information Officer, PG&E Corporation and Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Stephanie Williams
VP and Controller, PG&E Corporation and VP, CFO and Controller, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patricia Poppe
CEO, PG&E Corporation
◇—◇—◇◇◇◇
Sumeet Singh
EVP, Operations and Chief Operating Officer, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Marlene Santos
EVP and Chief Customer Officer and Enterprise Solutions Officer, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
John Simon
EVP, General Counsel, and Chief Ethics & Compliance Officer, PG&E Corporation
◇—◇—◇◇◇◇
Carolyn Burke
EVP and CFO, PG&E Corporation
◇—◇—◇◇◇◇
Jason Glickman
EVP, Engineering, Planning and Strategy, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Ajay Waghray
EVP and Chief Information Officer, PG&E Corporation and Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Kaled Awada
Former EVP and Chief People Officer, PG&E Corporation and Pacific Gas and Electric Company
Departed during or after this year
◇—◇———◇◇
Alejandro Vallejo
EVP and Chief People Officer, PG&E Corporation and Pacific Gas and Electric Company
◇—◇—◇◇◇◇
Stephanie Williams
VP and Controller, PG&E Corporation and VP, CFO and Controller, Pacific Gas and Electric Company
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Ajay WaghrayPSU——————◇
Alejandro VallejoPSU——————◇
Carolyn BurkePSU——————◇
Jason GlickmanPSU——————◇
John SimonPSU——————◇
Kaled AwadaPSU——————◇
Marlene SantosPSU——————◇
Patricia PoppePSU——————◇
Stephanie WilliamsPSU——————◇
Sumeet SinghPSU——————◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Sumeet SinghPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Patricia PoppeRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Jason GlickmanRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
J. SimonRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
C. BurkePSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
M. SantosPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
J. GlickmanPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A. VallejoPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
P. PoppePSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
S. WilliamsPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Alejandro VallejoRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
A. WaghrayRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
S. SinghPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Marlene SantosPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John SimonRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Ajay WaghrayRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Carolyn BurkePSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Stephanie WilliamsRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Kaled AwadaPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kerry W. Cooper
Board chair
◇◇————◇
Cheryl F. Campbell
◇◇————◇
Benjamin F. Wilson
◇◇————◇
Jessica L. Denecour
◇◇————◇
Mark E. Ferguson III
◇◇————◇
William L. Smith
◇◇————◇
Edward G. Cannizzaro
◇◇————◇
Arno L. Harris
◇◇————◇
Rajat Bahri
◇◇————◇
W. Craig Fugate
◇◇————◇
Carlos M. Hernandez
◇◇————◇
Leo P. Denault
◇◇————◇
John O. Larsen
◇◇————◇
Michael R. Niggli
◇—————◇
Patricia K. Poppe and Sumeet Singh served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee member◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Alliant Energy LNT
  • Ameren AEE
  • American Electric Power AEP
  • CenterPoint Energy CNP
  • CMS Energy CMS
  • Constellation Energy CEG
  • Dominion Energy D
  • DTE Energy DTE
  • Duke Energy DUK
  • Edison International EIX
  • Entergy ETR
  • Evergy EVRG
  • Eversource Energy ES
  • Exelon EXC
  • FirstEnergy FE
  • NextEra Energy NEE
  • NiSource NI
  • NRG Energy NRG
  • Nucor NUE
  • Pinnacle West Capital PNW
  • PPL PPL
  • Sempra Energy SRE
  • The Southern Company SO
  • WEC Energy WEC
  • Xcel Energy XEL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 16, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2018June 21, 2019=◇◇◇
2017May 22, 2018=◇◇◇
2016May 30, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact PG&E disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where PG&E sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
417 figures on this page: 408 cited to the filing that reported them, 9 calculated from figures it prints.
408 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001999371-26-011451
  2. 0001004980-26-000020
    2025 Director Compensation · LLC. I · Outstanding Equity Awards at Fiscal Year End – 2025 · Outstanding Equity Awards at Fiscal Year End – 2025 (Continued) · and 3 more sections
  3. 0001999371-25-006723
  4. 0001004980-25-000073
    Summary Compensation Table – 2024
  5. 0001999371-24-006337
  6. 0001004980-24-000044
    Summary Compensation Table – 2023
  7. 0001308179-23-000870
  8. 0001308179-22-000327
  9. 0000950157-21-000549
  10. 0000950157-19-000742
  11. 0001140361-18-025327
  12. 0001140361-17-023109
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Velarion, “PG&E executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/PCG (accessed 2026).
Short form: data: Velarion
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Utilities rankings

Chief executive pay — UtilitiesCEO pay ratio — UtilitiesSay-on-pay support — Utilities

Peers PG&E discloses

The companies named in PCG's own disclosed peer group.

Alliant EnergyAmerenAmerican Electric PowerCenterPoint EnergyCMS EnergyConstellation EnergyDominion EnergyDTE EnergyDuke EnergyEdison InternationalEntergyEvergyEversource EnergyExelonFirstEnergyNextEra EnergyNiSourceNRG EnergyPinnacle West CapitalPPLSempra EnergyThe Southern CompanyWEC EnergyXcel Energy

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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