Gallegos Juan Diego 4

What Happened

• Juan Diego Gallegos, VP and Chief Human Resources Officer at Portland General Electric (POR), received stock awards on 2026-02-13. The filing shows three award/acquisition entries totaling 4,082 shares granted at $54.00 per share (gross value $220,428).
• The filing also shows two "F" transactions (payment of exercise price or tax liability) where 2,876 shares were surrendered/withheld at $54.00 per share (value $155,304) to cover tax or exercise obligations. Net result: Gallegos received 4,082 shares and had 2,876 shares withheld, leaving a net increase of 1,206 shares (net value received ≈ $65,124).

Key Details

• Transaction date: 2026-02-13; per-share price reported: $54.00.
• Grants/Acquisitions: 3,787 shares ($204,498); 261 shares ($14,094); 34 shares ($1,836) — total 4,082 shares, $220,428.
• Tax/Withholding (F): 2,561 shares ($138,294); 315 shares ($17,010) — total 2,876 shares, $155,304.
• Net shares acquired: 1,206 shares (1,206 × $54 = $65,124).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Filing date: 2026-02-18 for transactions on 2026-02-13 (filed 5 days later). Form 4s are generally due within two business days; depending on business-day counting/holidays this filing may be late.
• Transaction codes: A = Award/Grant/Acquisition; F = Payment of exercise price or tax withholding (shares surrendered to cover taxes).

Context

• This pattern (award + share withholding) is common when restricted stock units or similar awards vest: the company issues shares and withholds a portion to satisfy tax withholding obligations rather than the insider selling shares on the open market.
• Because the transaction is an award with withholding (not an open-market sale), it reflects compensation delivery rather than a directional buy/sell signal about the insider’s view of the stock.