---
schema_version: "secwatch.filing_event.v1"
accession: "0000784977-23-000050"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T01:19:33.316859+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Portland General Electric appoints Benjamin Felton as EVP, COO effective April 3, 2023

## Summary
- Benjamin Felton appointed EVP, Chief Operating Officer, effective April 3, 2023.
- Felton previously served as Senior VP of Energy Supply at DTE Energy; also held roles at NiSource and CMS Energy.
- Compensation: initial base salary $650,000; 2023 target cash incentive of 70% of base; $100,000 signing bonus.
- Transition restricted stock award valued at $1,450,000 ($150k vest Apr 2023, $650k Apr 2024, $650k Apr 2025).
- Long-term equity target no less than 150% of prorated 2023 base salary; no family relationships or reportable transactions.

## SEC filing metadata
- accession: 0000784977-23-000050
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000078497723000050/0000784977-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000078497723000050/por-20230316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000784977-23-000050
- JSON: https://secwatch.observer/filing/0000784977-23-000050.json
- Plain text: https://secwatch.observer/filing/0000784977-23-000050.txt

## Key facts
- Executive change
  Benjamin Felton was appointed as Executive Vice President, Chief Operating Officer at PORTLAND GENERAL ELECTRIC CO /OR/.
  - Action: appointed
  - Role: Executive Vice President, Chief Operating Officer
  source text: On March 16, 2023, P ortland General Electric Company (the Company) announced the appointment of Benjamin Felton as Executive Vice President, Chief Operating Officer effective April 3, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497723000050/0000784977-23-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.