diff --git a/changelogs/.changes.yaml b/changelogs/.changes.yaml
index 4e5c1d682d0..8c4d9778826 100644
--- a/changelogs/.changes.yaml
+++ b/changelogs/.changes.yaml
@@ -650,3 +650,9 @@ releases:
     - v2.7.3_summary.yaml
     - win_security_policy-rights.yaml
     release_date: '2018-11-29'
+  2.7.4:
+    codename: In the Light
+    fragments:
+    - powershell-bootstrap.yaml
+    - v2.7.4_summary.yaml
+    release_date: '2018-11-30'
diff --git a/changelogs/CHANGELOG-v2.7.rst b/changelogs/CHANGELOG-v2.7.rst
index b24ea80c7a4..9b458a0a5b2 100644
--- a/changelogs/CHANGELOG-v2.7.rst
+++ b/changelogs/CHANGELOG-v2.7.rst
@@ -5,6 +5,21 @@ Ansible 2.7 "In the Light" Release Notes
 .. contents:: Topics
 
 
+v2.7.4
+======
+
+Release Summary
+---------------
+
+| Release Date: 2018-11-30
+| `Porting Guide <https://docs.ansible.com/ansible/devel/porting_guides.html>`__
+
+
+Bugfixes
+--------
+
+- powershell - add ``lib/ansible/executor/powershell`` to the packaging data
+
 v2.7.3
 ======
 
diff --git a/changelogs/fragments/v2.7.4_summary.yaml b/changelogs/fragments/v2.7.4_summary.yaml
new file mode 100644
index 00000000000..142b0d34a02
--- /dev/null
+++ b/changelogs/fragments/v2.7.4_summary.yaml
@@ -0,0 +1,3 @@
+release_summary: |
+   | Release Date: 2018-11-30
+   | `Porting Guide <https://docs.ansible.com/ansible/devel/porting_guides.html>`__
diff --git a/lib/ansible/release.py b/lib/ansible/release.py
index 913074a447a..664e1b7a3b9 100644
--- a/lib/ansible/release.py
+++ b/lib/ansible/release.py
@@ -19,6 +19,6 @@
 from __future__ import (absolute_import, division, print_function)
 __metaclass__ = type
 
-__version__ = '2.7.3.post0'
+__version__ = '2.7.4'
 __author__ = 'Ansible, Inc.'
 __codename__ = 'In the Light'