Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 24

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 24
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 | — |       |     | 379,983 |

1. Amounts in this column include all fees earned for Board and committee service, regardless of whether such amounts were deferred under our 2006 Outside Directors' Deferred Compensation Plan.

2. Amounts in this column represent the aggregate grant date fair value of RSU awards made in 2024, computed in accordance with FASB ASC Topic 718, Compensation - Stock Compensation, without considering estimated forfeitures, based on the NYSE closing price of our common stock on the grant dated July 21, 2023.

3. Mr. Pelton and Mr. Ganz served as directors until their Board terms ended on April 19, 2024.

4. Mr. O'Leary received a one-time stock award when his term on the Board began on January 1, 2024.

| 2025 Proxy Statement |     | Portland General Electric|37 |

| Item 2: Advisory Vote on Executive Compensation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 Our executive compensation programs are designed to attract and retain highly qualified executive officers and to provide them with incentives to advance the interests of our stakeholders, which include our shareholders, our customers, our employees and the communities we serve. Our programs are described in accordance with the requirements of Section 14A of the Exchange Act and the related rules of the SEC, including the Compensation Discussion and Analysis, the compensation tables and the accompanying narrative discussion. 
 We are asking our shareholders to indicate their support for the compensation of our named executive officers as described in this Proxy Statement by voting to approve the resolution set forth below. This vote is not intended to address any specific item of compensation, but rather the overall compensation of our named executive officers and the philosophy, policies and practices described in this Proxy Statement.                                                                                                                  
 Accordingly, we will ask our shareholders, on a non-binding advisory basis to vote “FOR” the following resolution at the Annual Meeting:                                                                                                                                                                                                                                                                                                                                                                                                           |     |                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |     | What are you                                                                                                                                                     
 voting on?                                                                                                                                                       
 We are asking shareholders to approve, on an advisory basis, the compensation paid for 2024 to the executive officers named in the Summary Compensation Table.   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |     | "FOR"                                                                                                                                                            
 The Board of Directors unanimously recommends a vote"FOR"the approval of the compensation of our named executive officers, as disclosed in this Proxy Statement. |
| “RESOLVED, that the shareholders of Portland General Electric Company (