Kochavatr John Teeruk 4

What Happened
John Kochavatr, VP and Chief Investment Officer of Portland General Electric (POR), received multiple share awards on Feb 13, 2026. The filing shows five grant lines totaling 12,359 shares at $54.00 each (gross value $667,386). To satisfy tax obligations, 6,198 shares were surrendered/withheld (reported as code F) at the same $54.00 price (value $334,692), leaving a net of 6,161 shares retained valued at $332,694. The transactions are recorded as awards/grants (code A) and share withholding for tax payment (code F).

Key Details

• Transaction date: 2026-02-13 (filed with the SEC on 2026-02-18).
• Awarded: 12,359 shares at $54.00 ($667,386 total).
• Withheld/surrendered for tax liability: 6,198 shares at $54.00 ($334,692).
• Net shares received: 6,161 shares (net value $332,694).
• Footnote: F1 — balance adjusted to reflect 109 shares acquired through the employee stock purchase plan (ESPP).
• Filing timeliness: filing date is Feb 18 for a Feb 13 transaction; the filing did not include a lateness flag in the provided data.

Context
These entries appear to be vesting/issuance of equity awards (code A) with a share‑withholding event (code F) to cover taxes — a routine "sell/withhold-to-cover" pattern, not an open-market sale. Awards and tax-withholding are common compensation events and do not by themselves imply an intent to buy or sell additional stock.