PPL (PPL) EVP Lonnie Bellar reports SIP vesting and tax share withholding

Rhea-AI Filing Summary

PPL Corp executive vice president Lonnie E. Bellar reported routine equity compensation activity. On January 20, 2026, 2,106 Stock Unit (SIP) derivative units vested and were converted into 2,106 shares of PPL common stock at a price of $36.91 per share, increasing his directly held shares to 31,859.

On the same date, 729 shares of common stock were withheld by the company at Bellar’s request to cover taxes due upon vesting, as noted in the footnote. After this tax withholding transaction, Bellar directly held 31,130 shares of PPL common stock.

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

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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^*

Bellar Lonnie E

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP-Eng, Constr and Gen

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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
Common Stock	01/20/2026		M		2,106	A	$36.91	31,859	D
Common Stock	01/20/2026		F(1)		729	D	$36.91	31,130	D

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 (SIP)	$0.00	01/20/2026		M			2,106	(2)	(2)	Common Stock	2,106	$0	0	D

Explanation of Responses:

1. Shares withheld by the company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Stock Incentive Plan (SIP).

2. The units vested on 1/20/2026.

	/s/ W. Eric Marr, as Attorney-In-Fact for Lonnie E. Bellar	01/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider activity did PPL (PPL) report for Lonnie E. Bellar?

Lonnie E. Bellar, an officer of PPL Corp, reported the vesting of 2,106 Stock Unit (SIP) derivative units that converted into 2,106 shares of common stock on January 20, 2026, followed by tax-related share withholding.

How many PPL (PPL) shares did Lonnie E. Bellar acquire and at what price?

Bellar acquired 2,106 shares of PPL common stock on January 20, 2026 in connection with vested Stock Unit (SIP) awards, at a transaction price of $36.91 per share.

Why were 729 PPL (PPL) shares disposed of in Lonnie E. Bellar’s Form 4?

The Form 4 notes that 729 shares of common stock were withheld by the company at Bellar’s request to pay taxes due after the restriction period expired under the Stock Incentive Plan (SIP).

What does the Stock Unit (SIP) transaction mean for PPL (PPL) insider ownership?

The Stock Unit (SIP) derivative units vested on January 20, 2026 and were settled in 2,106 shares of PPL common stock, increasing Bellar’s direct share ownership before tax withholding.

How many PPL (PPL) shares does Lonnie E. Bellar own after these transactions?

After the vesting and associated tax withholding, Bellar directly owned 31,130 shares of PPL common stock, as shown in the Form 4.

Is Lonnie E. Bellar a director or officer of PPL (PPL)?

Bellar is reported as an officer of PPL Corp with the title EVP-Eng, Constr and Gen, and is not listed as a director or 10% owner in this Form 4.