Felton Benjamin 4

What Happened

• Felton Benjamin, EVP & Chief Operating Officer of Portland General Electric (POR), received equity awards on Feb 13, 2026 totaling 18,054 shares at an exercise/price value of $54.00 per share (total value $974,916).
• To cover tax liabilities or exercise price, 5,243 shares were surrendered/withheld (code F) at $54.00 each (total $283,122), resulting in a net increase of 12,811 shares held by Benjamin (net value ≈ $691,794).
• Footnote: the balance was adjusted to reflect dividend reinvestment on previously vested shares.

Key Details

• Transaction date: 2026-02-13; reported filing date: 2026-02-18. Price reported: $54.00 per share for all line items.
• Awards/grants: 7,379; 10,059; 191; 284; 141 shares (total 18,054) — all reported as acquisitions (code A).
• Withheld/disposed for taxes: 2,877; 553; 936; 877 shares (total 5,243) — reported under code F (payment of exercise price or tax liability).
• Shares owned after transaction: Not specified in the data provided in this summary — see the full SEC filing for ending holdings.
• Footnote: F1 notes a balance adjustment for dividend reinvestment on previously vested shares.
• Filing timeliness: Filing date is Feb 18, 2026 for transactions dated Feb 13, 2026; check the official Form 4 for any timeliness flag.

Context

• Code A indicates these were awards/grants (vesting/acquisition), not an open-market purchase. Code F indicates shares were surrendered/withheld to satisfy tax withholding or exercise price — a routine administrative step when awards vest.
• Such withholding is common and does not indicate an open-market sale; the net effect was a material increase in Benjamin’s holdings (net +12,811 shares).
• This summary is factual and does not speculate on the insider’s motives. For full details (including exact post-transaction holdings and any timeliness flag), refer to the official SEC Form 4 (Accession 0000784977-26-000018).