Trpik Joseph R JR 4

What Happened
Joseph R. Trpik Jr., Senior Vice President and Chief Financial Officer of Portland General Electric (POR), was awarded a total of 20,174 shares on 2026-02-13 at $54.00 per share (total value $1,089,396). At the same time, 7,865 shares were surrendered/withheld to satisfy tax liabilities (reported as code F) at the same $54.00 price (value $424,710). The transaction appears to be a stock award/grant with shares withheld for taxes — not an open‑market sale or purchase. Net change from the award after withholding: +12,309 shares.

Key Details

• Transaction date: 2026-02-13; reported on Form 4 filed 2026-02-18 (filed 5 days after the transaction — late filing).
• Awarded (code A): 6,309; 13,293; 233; 227; 112 shares — total 20,174 shares at $54.00 (total ~$1,089,396).
• Withheld (code F — payment of exercise price or tax liability): 5,141; 890; 941; 893 shares — total 7,865 shares at $54.00 (total ~$424,710).
• Net shares retained after withholding: 12,309 shares (20,174 awarded − 7,865 withheld).
• Shares owned after the transaction: not disclosed in the provided filing data.
• No 10b5-1 plan or other notable footnotes reported in the supplied details; F indicates shares were used to satisfy tax obligations rather than an open‑market sale.

Context
This filing reflects equity awards (likely vested RSUs or similar) with a common tax‑withholding action where shares are withheld to cover taxes. Such withholding is routine and not the same as a public sale. Awards are different from purchases (they're compensation) and thus are less of a direct bullish signal than an outright open‑market purchase. Note the Form 4 was filed late (filed five days after the reported transaction), which delays public transparency.