Company: POR
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0000784977-25-000055
Chunk: 34

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 34
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 of the Net Income measure to 50% beginning in 2025. The remaining measures will be equally distributed across Strategic goals (25%), including customer trust, infrastructure readiness, wildfire mitigation, workforce development and operational excellence, and Operations goals (25%), including customer delight and distribution and generation reliability. Metrics around culture will be part of our strategic goals going forward |

#### 2024 ACI Program Target Awards
Target awards for the named executive officers were established by multiplying their base salary paid in 2024 by an award multiple established by the Compensation, Culture and Talent Committee. The target awards of each of our named executive officers were close to the market median for their positions. (See page 45 for a discussion of how we evaluated the market-competitiveness of our executives’ compensation.)

| Name              |     |           | Target Award 
 ($)*         | Target Award as % of 2024 
 Base Salary* Paid         |
| Maria Pope        |     | 1,230,500 |              | 115%                      |
| Joseph Trpik      |     |   439,384 |              | 70%                       |
| Benjamin Felton   |     |   471,800 |              | 70%                       |
| Angelica Espinosa |     |   350,000 |              | 70%                       |
| John McFarland(1) |     |   142,789 |              | 60%                       |

* Includes the value of paid time off taken during the year and base salary deferred to the 2005 MDCP plan.

1. Mr. McFarland's annual cash incentive is based on actual base salary paid since his hire date of July 1, 2024.

| 50|Portland General Electric |     | 2025 Proxy Statement |

#### Compensation Discussion and Analysis
2024 ACI Program Rationale for Selection of Performance Metrics

|            |     |                          |     | Metric           |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     | Measurement                                                                                                                                                                                                                                                                                                              |     | Why We Use this Metric                                                                                          |
| Financial  |     |                          |     | Net Income       |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     | Measured by the Company’s net income for the year                                                                                                                                                                                                                                                                        |     | Net income is a driver of shareholder value creation in the regulated utility industry                          |
| Operations |     |                          |     | Customer Delight |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |     | Average