Bekkedahl Larry Neal 4

What Happened

• Larry Neal Bekkedahl, Senior Vice President of Portland General Electric (POR), received a total of 8,540 shares on 2026-02-13 as awards/grants (reported as code A) at a reported price of $54.00 per share (total value $461,160).
• Simultaneously, 4,760 shares were surrendered/withheld to cover exercise price or tax liability (reported as code F) at $54.00 per share (value $257,040), leaving a net issuance of 3,780 shares (net value $204,120).
• This transaction reflects compensation/award issuance with tax withholding (not an open-market purchase or discretionary sale).

Key Details

• Transaction date: 2026-02-13; reported price: $54.00 per share.
• Gross awarded shares: 8,540 (total $461,160); shares withheld for taxes/exercise: 4,760 (total $257,040); net shares received: 3,780 (net $204,120).
• Transaction codes: A = Award/Grant (shares acquired); F = Payment of exercise price or tax liability (shares disposed/withheld).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing date: 2026-02-18 (5 days after the transaction date). Form 4s are typically due within 2 business days of the transaction, so this filing appears later than standard timing.

Context

• This looks like a standard equity award/vesting event with shares withheld to satisfy tax obligations (a cashless/net settlement). That is common for executive compensation and does not by itself signal a market view.
• For retail investors, outright purchases are typically more informative about insider sentiment; award vesting and tax withholding are routine compensation mechanics.