Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 40

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 40
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     |                                   |
| Relative TSR(1)          |     | ≤ 25th Percentile 
 of Peer Group     |     | 50th Percentile                             
 of Peer Group                               |     | ≥ 75th Percentile 
 of Peer Group     |     | Payout        
 Multiplier    |     |    9th |     | 80.00%                            |
|                          |     |                   |     | Total Percentage of Target PSU Award Earned |     |                   |     |               |     |        |     | 109.41%                           |

1. The acquisition of ALLETE, Inc. by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners is pending as of Dec. 31, 2024. ALLETE, Inc. has been exclude from the peer group.

These results yielded the award values set forth in the table below:

|                    |     | Number of PSUs Vested(1) |     | Award Payout Value 
 ($)(2)             |           |
| Maria Pope         |     |                   63,021 |     |                    | 2,748,976 |
| Joseph Trpik(3)    |     |                        — |     |                    |         — |
| Benjamin Felton(4) |     |                        — |     |                    |         — |
| Angelica Espinosa  |     |                    7,140 |     |                    |   311,447 |
| John McFarland(5)  |     |                        — |     |                    |         — |

1. Includes dividend equivalent rights settled in shares per the terms of the awards.

2. Based on a $43.62 share price, which was the closing stock price of the Company’s common stock on December 31, 2024, the vesting date for the awards.

3. Mr. Trpik joined the Company June 30, 2023 and was not a participant in the 2022-2024 performance awards.

| 60|Portland General Electric |     | 2025 Proxy Statement |

#### Compensation Discussion and Analysis
4. Mr. Felton joined the Company April 3, 2023 and was not a participant in the 2022-2024 performance awards.

5. Mr. McFarland joined the Company July 1, 2024 and was not a participant in the 2022-2024 performance awards.

The terms of our 2024 PSU awards are described