Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 27

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 27
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 consultant, FW Cook, provided no services to the Company other than services for the Compensation, Culture and Talent Committee, and worked with the Company’s management, as directed by the Compensation, Culture and Talent Committee, only on matters for which the committee is responsible.

At the Compensation, Culture and Talent Committee’s request, FW Cook regularly attends committee meetings. FW Cook also communicates with the Compensation, Culture and Talent Committee or the Chair of the Compensation, Culture and Talent Committee outside committee meetings regarding matters related to the committee’s responsibilities. FW Cook prepares a comprehensive compensation risk assessment study to evaluate whether the Company's compensation programs are likely to create a material risk for the Company.

In 2024, the Compensation, Culture and Talent Committee generally sought input from FW Cook on a range of external market factors related to the Company's compensation programs, CEO pay, and other evolving compensation trends, including regulatory developments and best practices, appropriate market reference points, and market compensation data. FW Cook reported on and provided market compensation data and trends regarding director compensation

| 44|Portland General Electric |     | 2025 Proxy Statement |

#### Compensation Discussion and Analysis
programs and general observations about management’s recommendations regarding the amount and form of compensation for our named executive officers.

| Key Actions of Independent Consultant                                                                                         |     | Advises the Compensation, Culture and Talent Committee on compensation plan design |
| Advises the Compensation, Culture and Talent Committee on appropriate compensation levels, trends and regulatory developments |     |                                                                                    |
| Performs annual compensation risk assessment for consideration by the Compensation, Culture and Talent Committee              |     |                                                                                    |

In addition, management has engaged its own compensation consultant, Willis Towers Watson, to assist with a variety of design compensation matters, including compensation benchmarking and the development of recommendations on compensation program design.

The Role of the Chief Executive Officer. At the Compensation, Culture and Talent Committee's request, Ms. Pope provides input regarding the performance and compensation of the other named executive officers. The Compensation, Culture and Talent Committee considers Ms. Pope’s evaluation and her direct knowledge of each named executive officer’s performance and contributions when making compensation decisions. Ms. Pope is not present during the Compensation, Culture and Talent Committee's, or the Board's, voting or deliberations regarding her own compensation.

| Key Actions of CEO                                                                |     | Provides input on executive officers' performance |
| Makes recommendations on compensation plan design                                 |     |                                                   |
| Provides information about Company's performance relative to incentive plan goals |     |                                                   |

The Role of Shareholders. Shareholders