PPL SEC Filings

PPL Corp. director Armando Zagalo de Lima received 1,656.874 stock units under the company's Directors Deferred Compensation Plan on 10/01/2025. The units are payable in common stock following the director's retirement and the report shows a per-unit reference price of $36.59. After this grant and reinvestment of dividends, the reporting person beneficially owns 125,273.472 shares. The Form 4 was filed by an Attorney-in-Fact and signed on 10/02/2025. The filing explains the units have no exercise price because payout occurs at retirement and that the total includes dividend reinvestment.

Keith H. Williamson, a director of PPL Corp (PPL), reported an acquisition under the company's Directors Deferred Compensation Plan on 10/01/2025. The Form 4 shows he was credited with 1,161.52 Stock Units (DDCP) at a reported per‑unit value of $36.59. The filing states the DDCP payout has no exercise price and that payout of the underlying common stock will occur following a director's retirement. After this transaction (which includes dividend reinvestment), the report lists total beneficial ownership of 134,743.018 shares. The Form 4 was signed by an attorney‑in‑fact on 10/02/2025.

PPL Corp director Natica von Althann received 1,161.52 stock units under the company's Directors Deferred Compensation Plan on 10/01/2025. Under the DDCP the units are payable in stock following the director's retirement, so no exercise price applies. The filing reports a resulting beneficial ownership of 103,638.593 shares (which includes reinvested dividends). The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 10/02/2025.

PPL Corp director Heather B. Redman acquired 1,161.52 stock units under the company's Directors Deferred Compensation Plan (DDCP) on 10/01/2025. Those units represent an entitlement to common stock that will be paid out following the director's retirement; no exercise or conversion price applies. The filing shows the Director now beneficially owns 24,717.983 shares in total, which the filer notes includes the reinvestment of dividends. The transaction was reported on a Form 4 and was filed individually by the reporting person.

PPL Corporation filed an 8-K reporting it has petitioned the state Public Utility Commission (PUC) in Docket No. R-2025-3057164 to raise rates. The company requested an annual base rate distribution revenue increase of approximately $356 million, equal to about 8.6% of current annual revenue, based on a fully projected future test year of July 1, 2026 through June 30, 2027. The petition asks for an authorized return on equity of 11.3%. PPL states it cannot predict the proceeding outcome and expects a PUC ruling in the second quarter of 2026.

John R. Crockett III, an officer and president of a PPL subsidiary, reported the sale of 15,791 shares of PPL common stock on 08/27/2025 at a price of $36.56 per share. The filing states the sale was made pursuant to a 10b5-1 plan dated May 29, 2025. After the reported transaction the filing shows 23,649.515 shares beneficially owned (direct). The Form 4 was signed by an attorney-in-fact on 08/28/2025. No other transactions or derivative holdings are reported in this filing.

PPL Corporation (PPL) Form 144 notice: An insider notified the sale of 15,791 common shares on the NYSE, with an aggregate market value of $577,318.96, scheduled approximately for 08/27/2025. The shares were acquired through restricted stock vesting in three tranches: 10,116 shares on 01/25/2024, 976 shares on 01/27/2025, and 4,699 shares on 02/13/2025, each recorded as compensation. The filing reports no securities sold by the reporting person in the prior three months and includes the standard attestation that the seller is not aware of undisclosed material adverse information.

PPL Corporation subsidiaries Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) each issued $700,000,000 aggregate principal amount of 5.850% First Mortgage Bonds due August 15, 2055. The bonds were issued under each company’s existing indenture and are secured by a lien on substantially all of the companies’ real and tangible personal property in Kentucky used in electricity (and, for LG&E, certain gas) operations. Each company intends to use net proceeds to repay specific maturing 3.300% Series First Mortgage Bonds due October 1, 2025 (LG&E: $300 million; KU: $250 million), to repay short-term debt and for general corporate purposes. Supplemental indentures dated August 1, 2025 and officers’ certificates dated August 13, 2025 are filed as exhibits.

PPL Corporation entered into forward contracts on August 8 and August 11, 2025 to sell an aggregate of 27.4 million shares of common stock at a blended initial forward price of approximately $35.90 per share, with expected net proceeds of approximately $984 million before adjustments for daily interest-rate changes, third-party stock loan fees and expected dividends. The contracts were executed through PPL's at-the-market equity distribution program established in February 2025 and are classified as equity transactions.

The two new forwards, each about $500 million, must be settled on or before December 30, 2026 and August 11, 2027, respectively. These add to roughly $400 million of earlier forwards settling by December 30, 2025, bringing total forward contracts since February 2025 to about $1.4 billion settling through August 2027, which PPL says derisks a significant portion of a previously disclosed approximately $2.5 billion expected equity need through 2028. PPL may elect physical, net share or net cash settlement.