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Portland General Electric (NYSE: POR) grants director Millegan 3,073-share equity award

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Millegan Michael reported acquisition or exercise transactions in this Form 4 filing.

Portland General Electric granted director Michael Millegan 3,073 shares of common stock on July 24, 2026 as a fully vested annual non-employee director equity award, valued at the $52.05 closing market price per share that day. Following this grant, he directly owns 23,763 shares of the company’s common stock.

Positive

  • None.

Negative

  • None.
Insider Millegan Michael
Role Director
Type Security Shares Price Value
Grant/Award Common Stock F1, F2 3,073 $52.05 $160K
Holdings After Transaction: Common Stock — 23,763 shares (Direct)
Footnotes (2)
  1. F1. Represents fully vested shares issued for an annual non-employee director equity award.
  2. F2. The price per share is the closing market price of the Issuer's common stock on July 24, 2026.
Shares awarded 3,073 shares Annual non-employee director equity award on July 24, 2026
Award price per share $52.05 Closing market price of issuer's common stock on July 24, 2026
Shares owned after transaction 23,763 shares Direct common stock holdings of Michael Millegan following the award
annual non-employee director equity award financial
"Represents fully vested shares issued for an annual non-employee director equity award."
fully vested shares financial
"Represents fully vested shares issued for an annual non-employee director equity award."
closing market price financial
"The price per share is the closing market price of the Issuer's common stock"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did Michael Millegan report for Portland General Electric (POR)?
Director Michael Millegan reported receiving 3,073 shares of Portland General Electric common stock as a fully vested annual non-employee director equity award on July 24, 2026, rather than through an open-market purchase or sale.

How many Portland General Electric (POR) shares did Michael Millegan receive in this award?
Michael Millegan received 3,073 shares of Portland General Electric common stock. The footnotes state these represent fully vested shares issued as an annual non-employee director equity award, reflecting stock-based compensation for his board service.

What price per share was used for Michael Millegan’s Portland General Electric (POR) equity award?
The equity award was valued using a per-share price of $52.05. A footnote explains this amount equals the closing market price of Portland General Electric’s common stock on July 24, 2026, the date of the award.

What are Michael Millegan’s Portland General Electric (POR) share holdings after this transaction?
After the award, Michael Millegan directly holds 23,763 shares of Portland General Electric common stock. This total includes the newly granted 3,073 fully vested shares reported in the transaction and reflects his post-award direct ownership position.

Was Michael Millegan’s Portland General Electric (POR) transaction a market trade or a stock grant?
The transaction is reported as a grant or award acquisition, not a market trade. Footnotes specify the 3,073 shares are fully vested shares issued as an annual non-employee director equity award, valued at the stock’s closing market price.

Does Michael Millegan’s Portland General Electric (POR) award vest over time?
The disclosure describes the 3,073 shares as fully vested shares issued for an annual non-employee director equity award. This indicates the shares were vested at the time of issuance, with no vesting schedule referenced in the report.
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Millegan Michael
(Last)(First)(Middle)
121 SW SALMON STREET
(Street)
PORTLAND OREGON 97204
(City)(State)(Zip)
UNITED STATES
(Country)		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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock07/24/2026A3,073(1)A$52.05(2)23,763D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents fully vested shares issued for an annual non-employee director equity award.
2. The price per share is the closing market price of the Issuer's common stock on July 24, 2026.
Remarks:
Exhibit List Exhibit 24 - Power of Attorney
Parker Morrill, Attorney-in-Fact for Michael Millegan07/28/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR