[Form 4] Portland General Electric Company Insider Trading Activity

Rhea-AI Filing Summary

Portland General Electric (POR) – Form 4 insider transaction: On 07/18/2025 director John H. O’Leary acquired 3,873 POR common shares at $40.02 per share (≈ $155k total). Following the purchase, O’Leary’s direct ownership rose to 8,808 shares. No derivative securities were reported. The filing was signed via power-of-attorney on 07/21/2025. No sales, options, or other transactions were disclosed.

Positive

• Director purchase: 3,873 shares acquired, boosting insider alignment and signalling confidence.
• No insider sales reported: transaction is purely acquisitive, reinforcing bullish tone.

Negative

• None.

Insights

Equity Analyst

TL;DR: Small insider buy; mildly bullish signal, limited financial impact.

Director John O’Leary’s purchase increases his stake by roughly 78% to 8,808 shares, signalling incremental confidence in POR’s valuation near $40. While the dollar amount (≈ $155k) is immaterial to the company’s market cap, academic literature shows insider buys generally precede above-market returns, especially when directors add to existing positions. The absence of sales or derivatives strengthens the positive sentiment, but single transactions of this size rarely move the stock. Overall, the filing is directionally positive yet low-impact for valuation models.

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

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).

1. Name and Address of Reporting Person^*

O'Leary John H.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/18/2025

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	07/18/2025		A		3,873	A	$40.02	8,808	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:

Remarks:

	Kristina Benson Power of Attorney on behalf of John O'Leary	07/21/2025
	** 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

How many Portland General Electric (POR) shares did John O’Leary buy?

He acquired 3,873 common shares on 07/18/2025.

At what price were the POR shares purchased?

The acquisition price was $40.02 per share.

What is John O’Leary’s total POR shareholding after the transaction?

His direct ownership increased to 8,808 shares.

Did the Form 4 include any stock sales or option exercises?

No. The filing only lists a purchase of common stock; no derivatives or sales were reported.

Does this insider buy materially affect Portland General Electric’s financials?

Financial impact is immaterial (~$155k), but insider buying can be a positive sentiment signal.