PPL Form 4: Natica von Althann Granted 1,161.52 DDCP Units

Rhea-AI Filing Summary

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.

Positive

• 1,161.52 stock units awarded under the DDCP indicates alignment of director compensation with shareholder equity
• Beneficial ownership of 103,638.593 shares (including reinvested dividends) reflects sustained insider stake

Negative

• None.

Insights

Corporate Governance Analyst

Director deferred-compensation stock units added to holdings; payout deferred until retirement.

The filing shows a director grant of 1,161.52 stock units under the Directors Deferred Compensation Plan, with payout in common stock at retirement rather than an immediate cash or option exercise.

This increases reported beneficial ownership to 103,638.593 shares, including dividend reinvestment, and signals routine director compensation rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider von Althann Natica

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit (DDCP)	1,161.52	$36.59	$43K

Holdings After Transaction: Stock Unit (DDCP) — 103,638.593 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.

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).

1. Name and Address of Reporting Person^*

von Althann Natica

(Last) (First) (Middle)

645 HAMILTON STREET

(Street)

ALLENTOWN PA 18101

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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

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

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

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)	10/01/2025		A		1,161.52		(1)	(1)	Common Stock	1,161.52	$36.59	103,638.593(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 Natica von Althann	10/02/2025
	** 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.

FAQ

What did the Form 4 for PPL (PPL) report?

The Form 4 reports director Natica von Althann received 1,161.52 stock units under the Directors Deferred Compensation Plan on 10/01/2025.

Is there an exercise price for the units reported?

No. The filing states no conversion or exercise price applies because payout will occur following the director's retirement.

How many shares does the reporting person beneficially own after the transaction?

The filing reports beneficial ownership of 103,638.593 shares following the reported transaction, which includes reinvested dividends.

When was the Form 4 signed and filed?

The signature block shows the Form 4 was signed by an attorney-in-fact on 10/02/2025.

What plan governed the award reported on the Form 4?

The award was made under the company's Directors Deferred Compensation Plan (DDCP).