Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 22

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 22
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 talent development, the Compensation, Culture and Talent Committee regularly engages with management on a broad range of human capital management topics, including strategic workforce planning, labor relations, employee engagement, pay equity, employee engagement, employee well-being programs and performance management.

### DIRECTOR COMPENSATION
We offer non-management directors both cash and equity compensation. Cash compensation is provided in the form of annual cash retainers for Board and committee service. Equity is provided in the form of an annual grant of restricted stock units (RSUs). Ms. Pope is not paid any additional compensation for her services as a director. Our 2024 director compensation arrangements are described below.

| Annual Cash Retainer and Equity Awards                          |     |         | Amount 
 ($)    |
| Annual Cash Retainer for Board Service                          |     |  70,000 |        |
| Annual Cash Retainer for Board Chair                            |     | 125,000 |        |
| Annual Cash Retainer for Audit and Risk Committee Chair         |     |  20,000 |        |
| Annual Cash Retainer for Finance and Operations Committee Chair |     |  20,000 |        |
| Annual Cash Retainer for Other Active Standing Committee Chairs |     |  15,000 |        |
| Annual Cash Retainer for Committee Service (per committee)      |     |  20,000 |        |
| Grant-Date Value of Annual RSU Award                            |     | 145,000 |        |

#### Quarterly Cash Retainer
Directors' cash retainers for Board and committee service are paid quarterly in arrears. We also reimburse certain expenses related to Board service, including expenses related to attendance at Board and committee meetings. Directors are not paid meeting fees.

#### Annual Equity Awards
Under our 2024 equity compensation arrangements, each non-management director receives an annual grant of a number of RSUs determined by dividing $145,000 by the closing price of PGE's common stock on the grant date, rounding to the nearest whole share. Each award is fully vested when granted. Directors who join the Board during the year are awarded a pro rata portion of the annual award, based on the number of calendar months during which the director served on the Board that year.

#### Director Deferred Compensation Plan
Non-management directors first appointed or elected to the Board before April 23, 2019 are eligible to participate in our 2006 Outside Directors' Deferred Compensation Plan. The plan allows participants to defer the payment of Board retainers as well as any