Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 2

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 2
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 no services for the Company other than services for the Compensation, Culture and Talent Committee |     |   |     |                                 |     | û                 |     | No single-trigger change in control payouts                                                                               |
|            |     |                                                                                                                                                      |     | û |     | No dividends on unvested equity |     |                   |     |                                                                                                                           |
| ü          |     | Incentive award payouts are based on a balanced mix of short-term and long-term Company performance                                                  |     |   |     |                                 |     |                   |     |                                                                                                                           |
| ü          |     | Double-trigger change in control provisions for equity award vesting                                                                                 |     |   |     |                                 |     |                   |     |                                                                                                                           |
| ü          |     | Significant performance-based compensation aligned with strategy                                                                                     |     |   |     |                                 |     |                   |     |                                                                                                                           |

| 2|Portland General Electric |     | 2025 Proxy Statement |

#### Proxy Statement Summary

#### Pay for Performance
| 2024 Target Direct Compensation for Chief Executive Officer |     |                          |
|                                                             |     | nBase Salary             
 nAnnual Cash Incentive   
 nPerformance Share Units 
 nRestricted Share Units  
 nPerformance-Conditioned |

| 2024 Target Direct Compensation for Named Executive Officers other than the CEO |     |                          |
|                                                                                 |     | nBase Salary             
 nAnnual Cash Incentive   
 nPerformance Share Units 
 nRestricted Share Units  
 nPerformance-Conditioned |

| Item Three                                                                                                                                                                                      |     | Board Recommendation |     | For More Information |
| Ratification of the appointment of independent registered public accounting firm for fiscal year 2025                                                                                           |     | FOR                  |     | Page86               |
| •Shareholders are being asked to ratify the Audit and Risk Committee's selection of Deloitte & Touche LLP (Deloitte) as our independent registered public accounting firm for fiscal year 2025. 
 •The Audit and Risk Committee and the Board believe the continued retention of Deloitte is in the best interest of PGE and its shareholders.                                                    |     |                      |     |                      |

| Cautionary Note Regarding Forward-Looking Statements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| This Proxy Statement contains forward-looking statements, including those regarding implementation of our business plans, technology transitions, our business, strategies and financial performance, our offerings of new services and other statements that are not historical fact. Actual results could differ