McFarland John Carter 4

What Happened John Carter McFarland, SVP, Commercial & Customer of Portland General Electric (POR), received stock awards on February 13, 2026. He was granted a total of 5,640 shares across several awards (5,081; 417; 54; 88) at $54.00 per share (total value ≈ $304,560). To cover tax liabilities related to the awards, 4,373 shares were withheld (3,078; 381; 914) at the same $54.00 per share (withheld value ≈ $236,142). The net increase in McFarland’s holdings from these transactions is 1,267 shares (net value ≈ $68,418).

Key Details

• Transaction date: 2026-02-13; reported on Form 4 filed 2026-02-18 (filed within the required business-day window).
• Grant (code A): 5,081, 417, 54, and 88 shares at $54.00 each (total ≈ $304,560).
• Tax withholding (code F): 3,078, 381, and 914 shares at $54.00 each (total withheld ≈ $236,142).
• Net result: +1,267 shares (5,640 acquired minus 4,373 withheld), net value ≈ $68,418.
• Footnote: Balance was adjusted to reflect dividend reinvestment on previously vested shares.
• Shares owned after the transaction: not disclosed in the provided filing details.

Context

• These transactions are equity awards (company grants) with shares withheld to satisfy tax obligations—not open-market buys or discretionary sales. That pattern (award + withholding) is routine for executive compensation and tax settlement.
• Code meanings: A = Award/Grant; F = Payment of exercise price or tax liability (here used for tax withholding).