PG&E 2015 Annual Report Download - page 130

Download and view the complete annual report

Please find page 130 of the 2015 PG&E annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

122
PART III
ITEM 11.EXECUTIVE COMPENSATION
ITEM 11. Executive Compensation
Information responding to Item 11, for each of PG&E
Corporation and the Utility, is set forth under the headings
“Compensation Discussion and Analysis,” “Compensation
Committee Report,” “Summary Compensation Table -2015,”
“Grants of Plan-Based Awards in 2015,” “Outstanding Equity
Awards at Fiscal Year End - 2015,” “Option Exercises and
Stock Vested During 2015,” “Pension Benefits – 2015,”
“Non-Qualified Deferred Compensation – 2015,” “Potential
Payments Upon Resignation, Retirement, Termination,
Change in Control, Death, or Disability” and “Compensation
of Non-Employee Directors – 2015 Director Compensation”
in the Joint Proxy Statement relating to the 2016 Annual
Meetings of Shareholders, which information is incorporated
herein by reference.
ITEM 12. Security Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters
Information regarding the beneficial ownership of securities
for each of PG&E Corporation and the Utility is set forth
under the headings “Share Ownership Information –
Security Ownership of Management” and “Share Ownership
Information – Principal Shareholders” in the Joint Proxy
Statement relating to the 2016 Annual Meetings of
Shareholders, which information is incorporated herein
by reference.
Equity Compensation Plan Information
The following table provides information as of December31, 2015 concerning shares of PG&E Corporation common
stock authorized for issuance under PG&E Corporation’s existing equity compensation plans.
(a) (b) (c)
PlanCategory
NumberofSecuritiesto
beIssuedUponExercise
ofOutstandingOptions
WarrantsandRights
WeightedAverage
ExercisePriceof
OutstandingOptions
WarrantsandRights
NumberofSecurities
RemainingAvailablefor
FutureIssuanceUnder
EquityCompensation
Plans(ExcludingSecurities
ReflectedinColumn(a))
Equitycompensationplans
approvedbyshareholders
()  () ()
Equity compensation plans not
approved by shareholders
-- -
Totalequitycompensation
plans
()  () ()
() IncludesphantomstockunitsrestrictedstockunitsandperformancesharesTheweighted
averageexercisepricereportedincolumn(b)doesnottaketheseawardsintoaccountForperformancesharesamounts
reflectedinthistableassumepayoutinsharesatoftargetorforperformancesharesgrantedinreflectsthe
actualpayoutpercentageofTheactualnumberofsharesissuedcanrangefromtooftargetdepending
onachievementofperformanceobjectivesAlsorestrictedstockunitsandperformancesharesaregenerallysettledin
netsharesUponvestingshareswithavalueequaltorequiredtaxwithholdingwillbewithheldandinlieuofissuingthe
sharestaxeswillbepaidonbehalfofemployeesSharesnotissuedduetosharewithholdingorperformanceachievement
belowmaximumwillbeavailableagainforissuance
() ThisistheweightedaverageexercisepricefortheoptionsoutstandingasofDecember
() RepresentsthetotalnumberofsharesavailableforissuanceunderallofPG&ECorporation’sequitycompensationplansas
ofDecemberStock-basedawardsgrantedundertheseplansincluderestrictedstockunitsperformanceshares
andphantomstockunitsTheLTIPwhichbecameeffectiveonMayauthorizesuptomillionsharesto
beissuedpursuanttoawardsgrantedundertheLTIPlessapproximatelymillionsharesforawardsgrantedunder
theLTIPfromJanuarythroughMayInadditionifanyawardsoutstandingundertheLTIPat
Decemberarecancelledforfeitedorexpirewithoutbeingsettledinfullsharesofstockallocabletotheterminated
portionofsuchawardsshallagainbeavailableforissuanceundertheLTIP
For more information, see Note 5 of the Notes to the Consolidated Financial Statements in Item 8.