This excerpt taken from the PCG DEF 14A filed Apr 1, 2009.
How much stock-based compensation did directors receive during 2008?
On March 3, 2008, each non-employee director received stock-based compensation under the PG&E Corporation 2006 Long-Term Incentive Plan. Each non-employee director received 1,055 restricted shares of PG&E Corporation common stock. In addition, directors who were granted stock options received options to purchase 1,008 shares of PG&E Corporation common stock for each $5,000 increment of value (subject to a $40,000 limit) at an exercise price of $37.91 per share, and directors who were granted restricted stock units received 132 restricted stock units for each $5,000 increment of value (subject to a $40,000 limit).