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Item 11. EXECUTIVE COMPENSATION

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Item 11. EXECUTIVE COMPENSATION

Information responding to Item 11, for each of PG&E Corporation and the Utility, will be included under the headings “Compensation Discussion and Analysis,” “Compensation Committee Report,” “Summary Compensation Table - 2025,” “Grants of Plan-Based Awards in 2025,” “Outstanding Equity Awards at Fiscal Year End - 2025,” “Option Exercises and Stock Vested during 2025,” “Pension Benefits - 2025,” “Non-Qualified Deferred Compensation - 2025,” “Potential Payments Upon Resignation, Retirement, Termination, Change in Control, Death, or Disability,” “Compensation of Non-Employee Directors,” and “Principal Executive Officers’ (PEO) Pay Ratio - 2025,” in the Joint Proxy Statement relating to the 2026 Annual Meetings of Shareholders, which information is incorporated herein by reference.

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