XML 54 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
COMMON STOCK AND SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2018
Common Stock And Share-Based Compensation [Abstract]  
Schedule of Compensation Expense for Share-based Incentive Awards
The following table provides a summary of total share-based compensation expense recognized by PG&E Corporation for share-based incentive awards for 2018:
(in millions)
2018
 
2017
 
2016
Stock Options
$
10

 
$
—

 
$
—

Restricted stock units
43

 
40

 
53

Performance shares
36

 
45

 
55

Total compensation expense (pre-tax)
$
89

 
$
85

 
$
108

Total compensation expense (after-tax)
$
63

 
$
50

 
$
64
Summary of Significant Assumptions Used for Shares Granted
The significant assumptions used for shares granted in 2018 were:
 
2018
Expected stock price volatility
23.00
%
Expected annual dividend payment
3.10
%
Risk-free interest rate
2.58
%
Expected life (years)
6
Summary of Stock Option Activity
The following table summarizes stock option activity for PG&E Corporation and the Utility for 2018:
 
Number of
Stock Option
 
Weighted Average Grant-
Date Fair Value
 
Weighted Average Remaining Contractual Term
 
Aggregate Intrinsic Value
Outstanding at January 1
—

 
N/A

 
N/A

 
N/A

Granted
1,571,876

 
$
10.24

 
—

 
—

Vested
—

 
N/A

 
—

 
—

Forfeited
(49,739
)
 
10.23

 
—

 
—

Outstanding at December 31
1,522,137

 
10.24

 
9.17

 
0

Expected to vest at December 31
1,430,407

 
$
10.24

 
9.17

 
0

Exercisable at December 31
—

 
N/A

 
N/A

 
N/A

 
 
 
 
 
 
 
 
Schedule of Restricted Stock Units
The following table summarizes restricted stock unit activity for 2018:
 
Number of
Restricted Stock Units
 
Weighted Average Grant-
Date Fair Value
Nonvested at January 1
1,379,235

 
$
60.93

Granted
1,415,627

 
40.92

Vested
(691,408
)
 
58.78

Forfeited
(123,642
)
 
56.38

Nonvested at December 31
1,979,812

 
$
47.66
Schedule of Performance Shares
The following table summarizes activity for performance shares in 2018:
 
Number of
Performance Shares
 
Weighted Average Grant-
Date Fair Value
Nonvested at January 1
1,748,028

 
$
63.40

Granted
763,392

 
36.92

Vested
(156,747
)
 
56.24

Forfeited (1)
(916,582
)
 
53.68

Nonvested at December 31
1,438,091

 
$
56.32

 
 
 
 
(1) Includes performance shares that expired with zero value as performance targets were not met.