PPL (PPL) director Linda Sullivan granted 1,228 DDCP stock units, total 21K
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPL Corp director Linda G. Sullivan reported receiving 1,228.243 stock units under the company’s Directors Deferred Compensation Plan (DDCP). Each unit corresponds to one share of PPL common stock, with a reference price of $35.6200.
The DDCP units have no exercise or conversion price; according to the plan, the underlying securities are paid out only after the director’s retirement. Following this award and related dividend reinvestments, Sullivan now holds a total of 21,041.443 DDCP stock units tied to PPL common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sullivan Linda G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Unit (DDCP) | 1,228.243 | $35.62 | $44K |
Holdings After Transaction:
Stock Unit (DDCP) — 21,041.443 shares (Direct, null)
Footnotes (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
Stock units granted: 1,228.243 units
Reference price per unit: $35.6200 per unit
Total DDCP units after grant: 21,041.443 units
+2 more
5 metrics
Stock units granted
1,228.243 units
DDCP award on 2026-07-01
Reference price per unit
$35.6200 per unit
Stock Unit (DDCP) grant
Total DDCP units after grant
21,041.443 units
Holdings following transaction
Underlying common stock
1,228.243 shares
Shares linked to new DDCP units
Exercise price
$0.0000
No exercise price under DDCP terms
Key Terms
Stock Unit (DDCP), Directors Deferred Compensation Plan (DDCP), underlying securities, reinvestment of dividends
4 terms
Stock Unit (DDCP) financial
"security_title: "Stock Unit (DDCP)""
Directors Deferred Compensation Plan (DDCP) financial
"under the terms of the Directors Deferred Compensation Plan (DDCP), payout..."
underlying securities financial
"payout of the underlying securities will occur following a director's retirement"
reinvestment of dividends financial
"Total includes the reinvestment of dividends."
FAQ
What insider transaction did PPL (PPL) director Linda G. Sullivan report?
Linda G. Sullivan reported receiving 1,228.243 stock units under PPL’s Directors Deferred Compensation Plan. These units track PPL common stock and increase her total DDCP-linked holdings to 21,041.443 units, reflecting ongoing board-level equity-based compensation.
How many PPL (PPL) stock units does Linda G. Sullivan hold after this Form 4?
After this grant, Linda G. Sullivan holds 21,041.443 stock units under the DDCP. This total includes the newly awarded 1,228.243 units and the reinvestment of dividends, all of which are tied to PPL common stock for future payout.
What is the nature of the stock units reported in PPL (PPL) director Sullivan’s Form 4?
The filing shows “Stock Unit (DDCP)” awards under PPL’s Directors Deferred Compensation Plan. Each unit represents an interest equivalent to one share of common stock, with payout scheduled after the director’s retirement rather than immediate delivery of shares.
Is there an exercise price on the PPL (PPL) stock units granted to Linda G. Sullivan?
No exercise price applies to these DDCP stock units. The Form 4 and footnotes state that, under the plan’s terms, payout of the underlying securities will occur following the director’s retirement, rather than through option-style exercises at a specified price.
What does the dividend reinvestment footnote mean in PPL (PPL) director Sullivan’s filing?
The footnote explains that the total 21,041.443 stock units include reinvestment of dividends. Instead of paying cash dividends, additional DDCP units are credited, increasing the director’s deferred stock-based balance linked to PPL’s common stock over time.