PPL Corp (PPL) director awarded new deferred stock units under plan

Rhea-AI Filing Summary

WOOD PHOEBE A reported acquisition or exercise transactions in this Form 4 filing.

PPL Corp director Phoebe A. Wood received a grant of deferred stock units under the company’s Directors Deferred Compensation Plan. On the transaction date, she was awarded 1,140.214 stock units tied to PPL common stock at a reference price of $38.37 per unit.

Payout of these units will occur following her retirement, and the reported total of 52,053.063 stock units includes the reinvestment of dividends, reflecting her accumulated deferred director compensation rather than an open-market share purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider WOOD PHOEBE A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit (DDCP)	1,140.214	$38.37	$44K

Holdings After Transaction: Stock Unit (DDCP) — 52,053.063 shares (Direct)

Footnotes (1)

1. No conversion or exercise price applies as, under the terms of the Directors Deferred Compensation Plan (DDCP), payout of the underlying securities will occur following a director's retirement. Total includes the reinvestment of dividends.

Key Figures

Deferred stock units granted: 1,140.214 units Reference price per unit: $38.37 Total deferred units after grant: 52,053.063 units

3 metrics

Deferred stock units granted 1,140.214 units Award under Directors Deferred Compensation Plan on 2026-04-01

Reference price per unit $38.37 Valuation used for the 1,140.214 stock unit grant

Total deferred units after grant 52,053.063 units Director’s balance following the reported transaction

Key Terms

Stock Unit (DDCP), Directors Deferred Compensation Plan (DDCP), reinvestment of dividends

3 terms

Stock Unit (DDCP) financial

"security_title: "Stock Unit (DDCP)" linked to PPL common stock"

Directors Deferred Compensation Plan (DDCP) financial

"under the terms of the Directors Deferred Compensation Plan (DDCP), payout ... following a director's retirement"

reinvestment of dividends financial

"Total includes the reinvestment of dividends."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WOOD PHOEBE A

(Last) (First) (Middle)

645 HAMILTON STREET

(Street)

ALLENTOWN PENNSYLVANIA 18101

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PPL Corp [ PPL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Unit (DDCP)	(1)	04/01/2026		A		1,140.214		(1)	(1)	Common Stock	1,140.214	$38.37	52,053.063(2)	D

Explanation of Responses:

1. No conversion or exercise price applies as, under the terms of the Directors Deferred Compensation Plan (DDCP), payout of the underlying securities will occur following a director's retirement.

2. Total includes the reinvestment of dividends.

	/s/ W. Eric Marr, as Attorney-In-Fact for Phoebe A. Wood	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did PPL (PPL) director Phoebe A. Wood report in this Form 4?

Phoebe A. Wood reported receiving 1,140.214 deferred stock units under PPL’s Directors Deferred Compensation Plan. These units are tied to PPL common stock and increase her total deferred stock unit holdings to 52,053.063, reflecting ongoing director compensation rather than an open-market transaction.

Is Phoebe A. Wood buying or selling PPL (PPL) shares in this transaction?

She is not buying or selling shares on the open market. The Form 4 shows a compensation-related grant of 1,140.214 deferred stock units, classified as an acquisition under code A, increasing her deferred holdings without a direct cash purchase or sale in the market.

When will the PPL (PPL) deferred stock units granted to Phoebe A. Wood be paid out?

The footnotes state that payout of the underlying securities will occur following a director’s retirement under the Directors Deferred Compensation Plan. This means the 1,140.214 newly granted units, and existing holdings, are intended for long-term, post‑retirement settlement rather than near-term distribution.

How many PPL (PPL) deferred stock units does Phoebe A. Wood hold after this grant?

After the grant, her total deferred stock unit balance is 52,053.063 units. This figure includes the newly awarded 1,140.214 units and reflects the reinvestment of dividends over time, as noted in the footnotes accompanying the Form 4 filing.

What does the reference price of $38.37 mean for PPL (PPL) stock units in this filing?

The transaction uses a reference price of $38.37 per stock unit for the 1,140.214 units granted. This price is used to value the compensation award within the Directors Deferred Compensation Plan and does not represent an open-market purchase price by the director.