Wyspianski Martin Kajetan 4

What Happened

• Martin Kajetan Wyspianski, Vice President of Portland General Electric (POR), received equity awards on February 13, 2026. The filing shows three award/award-acquisition transactions totaling 4,562 shares at $54.00 per share (total value $246,348).
• To satisfy tax withholding obligations, 1,962 shares were transferred (code F) at $54.00 per share (total value $105,948). The net result is an increase of 2,600 shares, equal to a net economic gain of $140,400 based on the $54.00 price.
• These were awards/vesting with shares withheld for taxes (not open-market sales).

Key Details

• Transaction date: 2026-02-13. Price per share reported: $54.00.
• Awards: 4,374 shares ($236,196) + 131 shares ($7,074) + 57 shares ($3,078) = 4,562 shares ($246,348).
• Withholding for tax liability: 1,369 shares ($73,926) + 593 shares ($32,022) = 1,962 shares ($105,948).
• Net change: +2,600 shares (4,562 granted − 1,962 withheld), net value ≈ $140,400 at $54.00/share.
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Report filed 2026-02-18 for transactions on 2026-02-13. Because Feb 16, 2026 was a federal holiday, the Feb 18 filing is within the two business-day Form 4 deadline and is timely.
• Transaction codes: A = award/grant/acquisition; F = payment of exercise price or tax liability (here used for share withholding to cover taxes).

Context

• This pattern (award vesting combined with share withholding) is routine compensation administration — the company grants/vests shares and withholds some to cover taxes. It is not an open-market sale by the insider.
• Such award receipts increase the insider’s stake; purchases/awards are generally more informative of insider buying interest than routine withholding. However, filings don’t explain the insider’s motives.