O'Leary John H. 4

What Happened
John H. O'Leary, a director of Portland General Electric Co. (POR), received an equity award of 3,073 shares on July 24, 2026. The shares were issued at the closing price of $52.05 on that date, giving the grant a reported value of $159,950. This was an award of fully vested shares as part of the company’s annual non-employee director compensation.

Key Details

• Transaction date: July 24, 2026 (reported on Form 4 filed July 28, 2026).
• Transaction type/code: A — Award/Grant (fully vested shares).
• Shares issued: 3,073; price used: $52.05 per share; total reported value: $159,950.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — fully vested annual non-employee director equity award; F2 — price is the July 24, 2026 closing market price.
• Exhibits/remarks: Exhibit 24 — Power of Attorney.
• Filing timeliness: Form filed July 28, 2026; the filing does not include a tardiness notice.

Context
This was a routine director compensation award (fully vested shares), which is generally considered standard pay rather than a direct buy or sell that signals personal market conviction. Such awards increase insider ownership but do not necessarily indicate a change in the insider’s view of the company.