secwatch.observer — SEC 8-K summary
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Issuer:     PORTLAND GENERAL ELECTRIC CO /OR/ (POR)
CIK:        0000784977
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0000784977-23-000083
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Portland General Electric appoints Joseph Trpik as CFO effective June 30, 2023
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- Joseph Trpik appointed SVP and CFO; previously SVP CAO at Exelon and CFO at Exelon Utilities and ComEd.
- Base salary of $600,000, 70% target annual cash incentive, and $200,000 cash signing bonus.
- Transition RSU award valued at $1.15M: $400K vests June 30, 2023; $400K July 31, 2024; $350K July 31, 2025.
- Also eligible for 2023 long-term equity incentive program with target award at least 150% of base salary.
- No family relationships with directors/officers; no reportable transactions under Item 404(a).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/784977/000078497723000083/0000784977-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/784977/000078497723000083/por-20230615.htm
  HTML page:      https://secwatch.observer/filing/0000784977-23-000083

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