secwatch.observer — SEC 8-K summary
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Issuer:     PORTLAND GENERAL ELECTRIC CO /OR/ (POR)
CIK:        0000784977
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0000784977-23-000050
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/784977/000078497723000050/0000784977-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/784977/000078497723000050/por-20230316.htm
  HTML page:      https://secwatch.observer/filing/0000784977-23-000050

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