Portland General Electric insider files Form 144 for $803K sale
Rhea-AI Filing Summary
Portland General Electric Company (POR) filed a Form 144 to notify a proposed sale of 18,896 shares of common stock through JPMorgan with an aggregate market value of $803,080.00. The filing shows the shares were acquired via restricted stock vesting on 02/12/2020 (8,049 shares) and 02/11/2022 (10,847 shares) and that payment was for compensation. The filing lists 109,562,368 shares outstanding and an approximate sale date of 09/10/2025 on the NYSE. No sales in the past three months are reported and the signer certifies no undisclosed material adverse information.
Positive
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Insights
TL;DR: Insider plans a small routine sale of vested restricted shares, disclosed under Rule 144.
The Form 144 details a proposed brokered sale of 18,896 common shares valued at $803,080. The shares were received through restricted stock vesting in 2020 and 2022 as compensation. Compared with reported outstanding shares (109,562,368), the proposed sale represents a de minimis stake, indicating limited market impact. The filing is a standard compliance disclosure required for sales by affiliates and includes the statutory representation that no material nonpublic information is known.
TL;DR: Proper disclosure of an intended insider sale; routine governance compliance.
The notice identifies the broker, intended sale date, acquisition dates, and that the securities originated from restricted stock vesting as compensation. The absence of reported sales in the prior three months simplifies aggregation rules. The signature block affirms the insider does not possess undisclosed material information, aligning with Rule 144 and antifraud requirements. This filing reads as a routine, governance-compliant transaction rather than an event suggesting operational or disclosure concerns.