Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 37

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 37
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 |     |      |     |      |
| Alignment with shareholders                                                       |     | ✓                               |     | ✓    |     |      |
| Market-competitive pay                                                            |     | ✓                               |     | ✓    |     |      |

| Looking Ahead                                                                                                                                                                                                                                                                                   
 For 2025, the Compensation, Culture and Talent Committee modified the LTI plan to make relative total shareholder return an equal metric rather than a modifier and to eliminate the metric for return on equity, to focus the LTI plan on EPS growth, shareholder returns and decarbonization. |

| 56|Portland General Electric |     | 2025 Proxy Statement |

#### Compensation Discussion and Analysis

#### CALCULATION OF TOTAL LTI AWARD OPPORTUNITY
The aggregate number of PSUs and RSUs we granted to our named executive officers was the product of their 2024 base salary and an award multiple, divided by the closing price of the Company’s common stock on the grant date:

| 

# of PSUs and RSUs Granted |     | = |     | 2024 Base Salary X Award Multiple /   
 Grant Date Closing Common Stock Price |

The table below shows the award multiples we used to calculate the awards for the named executive officers and the estimated value of the awards.

| Name              |     | Award Multiple |     | Target RSU Value(1) 
 ($)                 |           |     | Target PSU Value(1) 
 ($)                 |           |     | Total Target LTI Value(1) 
 ($)                       |           |
| Maria Pope        |     |           4.20 |     |                     | 1,348,200 |     |                     | 3,145,800 |     |                           | 4,494,000 |
| Joseph Trpik      |     |           1.50 |     |                     |   283,500 |     |                     |   661,500 |     |                           |   945,000 |
| Benjamin Felton   |     |           1.75 |     |                     |   354,900 |     |                     |   828,100 |     |                           | 1,183,000 |
| Angelica Espinosa |     |           1.50 |     |                     |   225,000 |     |                     |   525,000 |     |                           |   750,000 |
| John McFarland(2) |     |           1.30 |     |                     |