[Form 4] Portland General Electric Company Insider Trading Activity

Rhea-AI Filing Summary

Portland General Electric (POR) Director James P. Torgerson reported a single open-market purchase of 3,873 common shares on 07/18/2025, at an indicated price of $40.02 per share. His direct ownership rises to 20,446 shares. No derivative positions or dispositions were disclosed, and there is no mention of additional transactions or material corporate events. The Form 4 therefore reflects a modest, routine insider buy rather than a control or compensation change.

Positive

• Director increased personal stake, which can indicate confidence in POR’s outlook.

Negative

• Transaction size is modest relative to company market cap, limiting market impact.

Insights

Equity Analyst

TL;DR: Small insider buy; signal mildly positive but not market-moving.

The purchase increases the director’s stake by roughly 23%, yet the absolute dollar value (≈$155k) is immaterial versus POR’s ≈$4 bn market cap. Insider buying can indicate confidence, but the size and singular nature limit its interpretive weight. With no accompanying strategic news, I view the filing as neutral in impact; supportive sentiment but unlikely to affect valuation or liquidity.

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

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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).

1. Name and Address of Reporting Person^*

Torgerson James P

(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	20,446	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 James Torgerson	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 POR shares did Director James P. Torgerson buy?

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

What price did the insider pay for POR stock?

The Form 4 lists an implied price of $40.02 per share.

What is Torgerson’s total POR share ownership after the transaction?

His direct holdings rose to 20,446 shares.

Were any derivative securities involved in this filing?

No. No options, warrants or other derivatives were reported.

Does this Form 4 suggest a major change in control at Portland General Electric?

No. It records a routine individual insider purchase; no control changes are indicated.