Portland General (NYSE: POR) VP reports stock grants and tax share withholdings

Rhea-AI Filing Summary

Portland General Electric vice president Martin Kajetan Wyspianski reported multiple equity compensation transactions in company common stock. On February 13, he received several stock grants and awards, including blocks of 4,374, 131, and 57 shares at a reference price of $54.00 per share. On the same date, shares totaling 1,369 and 593 were disposed of at $54.00 per share to cover tax obligations through share withholding. After these transactions, his directly owned holdings were reported in stages at 18,788, 18,919, 17,550, 17,607, and finally 17,013 common shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wyspianski Martin Kajetan

(Last) (First) (Middle)

121 SW SALMON STREET

(Street)

PORTLAND OR 97204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PORTLAND GENERAL ELECTRIC CO /OR/ [ POR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/13/2026		A		4,374	A	$54	18,788	D
Common Stock	02/13/2026		A		131	A	$54	18,919	D
Common Stock	02/13/2026		F		1,369	D	$54	17,550	D
Common Stock	02/13/2026		A		57	A	$54	17,607	D
Common Stock	02/13/2026		F		593	D	$54	17,013	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Kristina Benson Power of Attorney on behalf of Martin Wyspianski	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Portland General Electric (POR) report for Martin Kajetan Wyspianski?

Portland General Electric reported that vice president Martin Kajetan Wyspianski received several stock grants and had shares withheld to cover taxes on February 13. The transactions involved common stock awards and related tax-withholding dispositions at a reference price of $54.00 per share.

How many Portland General Electric (POR) shares did the executive acquire in the Form 4 filing?

The Form 4 shows Martin Kajetan Wyspianski acquired several blocks of common stock, including grants of 4,374, 131, and 57 shares. These awards were reported at a reference price of $54.00 per share as part of his equity compensation.

What does the tax-withholding disposition in Portland General Electric’s (POR) Form 4 mean?

The Form 4 reports tax-withholding dispositions labeled with transaction code F, where 1,369 and 593 shares were delivered at $54.00 per share. This indicates shares were surrendered to cover tax liabilities tied to equity awards, not open-market sales.

Did the Portland General Electric (POR) executive’s direct share ownership change after these transactions?

Yes. After the reported grants and tax-withholding dispositions, Martin Kajetan Wyspianski’s direct common stock holdings were ultimately shown at 17,013 shares. Intermediate reported balances included 18,788, 18,919, 17,550, and 17,607 shares as each transaction posted.

What transaction codes appear in the Portland General Electric (POR) Form 4 filing?

The filing lists code A for “grant, award, or other acquisition” and code F for “payment of exercise price or tax liability by delivering securities.” These codes clarify that some shares were awarded as compensation and others withheld for tax purposes.

Is the Form 4 for Portland General Electric (POR) an open-market buy or sell by the executive?

No open-market buys or sells are indicated. The transactions are equity awards (code A) and tax-withholding dispositions (code F). This shows compensation-related activity, not discretionary trading in Portland General Electric common stock by the vice president.