Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 25

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 25
---
the “Company”) approve, on an advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Compensation Discussion and Analysis, the 2024 Summary Compensation Table and the other related tables and disclosure in the Proxy Statement for the Company’s 2025 Annual Meeting of Shareholders.”                                                                                                                                          |     |                                                                                                                                                                  |
| Approval of this proposal will require that the number of votes cast in favor of this proposal exceeds the number of votes cast against this proposal. As an advisory vote, this proposal is not binding on PGE or the Compensation, Culture and Talent Committee. However, the Compensation, Culture and Talent Committee and the Board value the opinions expressed by shareholders in their votes on this proposal and will consider the outcome of the vote when making future compensation decisions regarding named executive officers.      
 PGE solicits this advisory vote on an annual basis. It is expected that the next say-on-pay vote will occur at the 2026 Annual Meeting of Shareholders.                                                                                                                                                                                                                                                                                                                                                                                            |     |                                                                                                                                                                  |

| 38|Portland General Electric |     | 2025 Proxy Statement |

#### Compensation, Culture and
Talent Committee Report

The Compensation, Culture and Talent Committee has reviewed and discussed with management the following Compensation Discussion and Analysis and has recommended to the Board that the Compensation Discussion and Analysis be included in this Proxy Statement and incorporated by reference into the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

MEMBERS OF THE COMPENSATION, CULTURE AND TALENT COMMITTEE

#### •

#### Patricia Salas Pineda

#### (Chair)
#### •

#### Marie Oh Huber
#### •

#### Michael Lewis
#### •

#### Michael Millegan
| 2025 Proxy Statement |     | Portland General Electric|39 |

### Compensation Discussion and Analysis
The 2024 compensation of our named executive officers appropriately reflects their significant contributions to the Company's strong progress towards long-term growth in 2024, while navigating historic power market volatility and executing well in the face of severe weather. The Compensation Discussion and Analysis explains the guiding principles and practices upon which our compensation program is based, the elements of our executive compensation program and the compensation paid to our named executive officers.

|                   |     | MS. POPEis President, Chief Executive Officer and a member of the Board of Directors of PGE. She was appointed President on October 1, 2017 and Chief Executive Officer on January 1, 2018.