PPL director receives 1.2K deferred stock units

PPL Corp director Linda G. Sullivan reported receiving 1,228.243 stock units under the company’s Directors Deferred Compensation Plan (DDCP).

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.

Insider Trade Summary

Grant/Award: 1,228.243 shares

Grant/Award 1 txn

Insider Sullivan Linda G

Role Director

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 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 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

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

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.

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

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Accepted by SEC EDGAR 07/02/2026 - 05:44 PM EDT 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^*

Sullivan Linda G

(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)
07/01/2026

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)	07/01/2026		A		1,228.243		(1)	(1)	Common Stock	1,228.243	$35.62	21,041.443(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 Linda G. Sullivan	07/02/2026
	** 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)