Form 4: Portland General Electric CFO Reports Stock Transactions
SEC Form 4 Filing
Joseph R. Trpik Jr., SVP, Finance CFO of Portland General Electric, reports acquisition and disposal of company stock.
Summary
- On July 31, 2024, Joseph R. Trpik Jr. acquired 393 shares of Portland General Electric common stock at $47.38 per share.
- Also on July 31, 2024, 3,481 shares were disposed of at $47.38.
- On August 1, 2024, 2,727 shares were sold at $47.52 per share.
- Following these transactions, Trpik directly owns 27,855 shares of Portland General Electric common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of key executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- Similar filings are made by executives at comparable utilities companies like Duke Energy (DUK) and Southern Company (SO), reflecting their individual stock transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, as insider trading activity is often monitored for signals about company performance.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Acquisition of 393 shares of common stock at $47.38 and disposal of 3,481 shares at $47.38. |
| 08/01/2024 | Sale of 2,727 shares of common stock at $47.52. |
| 08/02/2024 | Date of signature by Kristina Benson under Power of Attorney. |
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