PPL Corp director acquires 1,908 deferred stock units

The director’s deferred units are payable in underlying securities following retirement.

Rhea-AI Filing Summary

PPL Corp director Armando Zagalo de Lima acquired 1,908 Stock Units (DDCP) on October 1, 2026, at a reported price of $32.76 per unit. His reported post-transaction balance was 136,474 Stock Units, a total that includes reinvested dividends. The Directors Deferred Compensation Plan provides for payout of the underlying securities following a director’s retirement; no conversion or exercise price applies.

Insider Trade Summary

Grant/Award: 1,907.814 shares

Grant/Award 1 txn

Insider DE LIMA ARMANDO ZAGALO

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit (DDCP) F1, F2	1,907.814	$32.76	$62K

Holdings After Transaction: Stock Unit (DDCP) — 136,473.709 contracts (Direct)

Footnotes (2)

1. F1. 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. F2. Total includes the reinvestment of dividends.

Key Figures

Stock Units acquired: 1,908 Stock Units Reported price per Stock Unit: $32.76 per unit Stock Units after transaction: 136,474 Stock Units

3 metrics

Stock Units acquired 1,908 Stock Units October 1, 2026

Reported price per Stock Unit $32.76 per unit October 1, 2026 acquisition

Stock Units after transaction 136,474 Stock Units Includes reinvestment of dividends

Key Terms

Stock Unit (DDCP), Directors Deferred Compensation Plan (DDCP), underlying securities, conversion or exercise price

4 terms

Stock Unit (DDCP) financial

"Stock Unit (DDCP)"

Directors Deferred Compensation Plan (DDCP) financial

"terms of the Directors Deferred Compensation Plan (DDCP)"

underlying securities financial

"payout of the underlying securities will occur"

conversion or exercise price financial

"No conversion or exercise price applies"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PPL deferred stock units did director Armando Zagalo de Lima acquire?

Armando Zagalo de Lima acquired 1,908 Stock Units (DDCP) on October 1, 2026, at a reported price of $32.76 per unit. His reported post-transaction balance was 136,474 Stock Units, including reinvested dividends.

When are PPL DDCP stock units paid out?

The Directors Deferred Compensation Plan provides for payout of the underlying securities following a director’s retirement; no conversion or exercise price applies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 04:30 PM Accepted by SEC EDGAR 10/02/2026 - 04:29 PM Learn about SEC filing dates

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^*

DE LIMA ARMANDO ZAGALO

(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)
10/01/2026

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)	10/01/2026		A		1,907.814		(1)	(1)	Common Stock	1,907.814	$32.76	136,473.709(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 Armando Zagalo de Lima	10/02/2026
	** 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)