Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 32

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 32
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 based on a variety of considerations, including market competitiveness, individual performance and qualifications, internal pay equity and retention risk.

| 48|Portland General Electric |     | 2025 Proxy Statement |

#### Compensation Discussion and Analysis
The table below shows the base salaries of our named executive officers for 2023 and 2024.

| Name                 |     | 2023 Salary 
 ($)         |           |     | 2024 Salary 
 ($)(1)      |           |     | Annual Increase |
| Maria Pope           |     |             | 1,070,000 |     |             | 1,070,000 |     | —%              |
| Joseph Trpik         |     |             |   600,000 |     |             |   630,000 |     | 5%              |
| Benjamin Felton      |     |             |   650,000 |     |             |   676,000 |     | 4%              |
| Angelica Espinosa(2) |     |             |   500,000 |     |             |   500,000 |     | —%              |
| John McFarland(3)    |     |             |         — |     |             |   495,000 |     | —%              |

1. This table reflects annualized salary regardless of the start or termination date for the named executive officer, as applicable.

2. Ms. Espinosa was originally awarded a 2023 increase to $450,000 in January of 2023; effective June 7, 2023, Ms. Espinosa was awarded an additional increase to $500,000 for the additional responsibility of corporate compliance and public affairs.

3. Mr. McFarland joined the Company on July 1, 2024.

#### Annual Cash Incentive Awards

#### OVERVIEW
Our Annual Cash Incentive Plan (ACI Plan) is a variable, at-risk component of our named executive officer's compensation and is aligned with the Company's financial, operational, strategic and cultural goals as established each year by the Compensation, Culture and Talent Committee.

The annual cash incentive program provides payout opportunities based on the achievement of predetermined financial, operating, strategic and cultural goals that require our named executive officers to meet high standards of performance.

For 2024, the Compensation, Culture and Talent Committee selected key quantitative financial and operating performance metrics as part of the 2024 ACI Plan: Net Income, Customer