What does the indirect PPL share holding in the Employee Stock Ownership Plan represent?

The Form 4 shows an indirect beneficial ownership of 245.084 PPL shares held in trust pursuant to the Employee Stock Ownership Plan, in addition to her directly held common stock.

PPL executive reports vesting of 1,784 shares

Q: What insider activity did PPL (PPL) report for Christine M. Martin?

The filing shows that Christine M. Martin, President of a PPL subsidiary, had 1,784 stock units vest and convert into common stock on 01/20/2026, with related tax-share withholding.

Q: How many PPL common shares did Christine M. Martin acquire in this Form 4?

She acquired 1,784 shares of PPL common stock on 01/20/2026 upon the vesting and conversion of stock units under the Incentive Compensation Plan for Key Employees.

Q: How many PPL shares were withheld for taxes in this transaction?

The company withheld 603 shares of PPL common stock at $36.91 per share to pay taxes due after the restriction period expired, as permitted under the Incentive Compensation Plan for Key Employees.

Q: What are Christine M. Martin’s PPL share holdings after these transactions?

Following the reported transactions, she directly beneficially owned 37,616.782 shares of PPL common stock and indirectly owned 245.084 shares held in trust under the Employee Stock Ownership Plan.

Q: What is the Incentive Compensation Plan for Key Employees (ICPKE) mentioned in the PPL Form 4?

The ICPKE is an incentive compensation plan under which stock units were granted to Christine M. Martin. On 01/20/2026, 1,784 units vested and were converted into an equal number of PPL common shares at an exercise price of $0.00 for the units.

PPL Corp executive Christine M. Martin, President of a PPL subsidiary, reported equity award activity involving company common stock.

Accepted by SEC EDGAR 01/21/2026 - 04:13 PM EST

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Form Type

Rhea-AI Filing Summary

PPL Corp executive Christine M. Martin, President of a PPL subsidiary, reported equity award activity involving company common stock. On 01/20/2026, 1,784 stock units granted under the Incentive Compensation Plan for Key Employees vested and were converted into 1,784 shares of PPL common stock at a price of $36.91 per share, increasing her directly held stake.

On the same date, 603 shares of common stock were withheld by the company at her request to cover taxes due upon expiration of the restriction period, also at $36.91 per share. After these transactions, she directly beneficially owned 37,616.782 shares of PPL common stock and indirectly beneficially owned an additional 245.084 shares held in trust through the Employee Stock Ownership Plan. The total reported holdings include reinvested dividends.

Insider Trade Summary

1,784 shares exercised/converted

Exercise 3 txns

Insider Martin Christine M

Role President of a PPL Subsidiary

Type	Security	Shares	Price	Value
Exercise	Stock Unit (ICPKE)	1,784	$0.00	$0.00
Exercise	Common Stock	1,784	$36.91	$66K
Exercise Price or Tax Liability	Common Stock	603	$36.91	$22K
Holding	Common Stock	--	--	--

Holdings After Transaction: Stock Unit (ICPKE) — 0 contracts (Direct); Common Stock — 37,616.782 shares (Direct); Common Stock — 245.084 shares (Indirect, Held in trust pursuant to the Employee Stock Ownership Plan.)

Holdings Before and After: Stock Unit (ICPKE), 1,784 to 0 contracts (Direct); Common Stock, 36,435.782 to 37,616.782 shares (Direct)

Footnotes (3)

F1. Total includes the reinvestment of dividends.
F2. 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 Incentive Compensation Plan for Key Employees (ICPKE).
F3. The units vested on 01/20/2026.

FAQ

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

What insider activity did PPL (PPL) report for Christine M. Martin?

The filing shows that Christine M. Martin, President of a PPL subsidiary, had 1,784 stock units vest and convert into common stock on 01/20/2026, with related tax-share withholding.

How many PPL common shares did Christine M. Martin acquire in this Form 4?

She acquired 1,784 shares of PPL common stock on 01/20/2026 upon the vesting and conversion of stock units under the Incentive Compensation Plan for Key Employees.

How many PPL shares were withheld for taxes in this transaction?

The company withheld 603 shares of PPL common stock at $36.91 per share to pay taxes due after the restriction period expired, as permitted under the Incentive Compensation Plan for Key Employees.

What is the Incentive Compensation Plan for Key Employees (ICPKE) mentioned in the PPL Form 4?

The ICPKE is an incentive compensation plan under which stock units were granted to Christine M. Martin. On 01/20/2026, 1,784 units vested and were converted into an equal number of PPL common shares at an exercise price of $0.00 for the units.

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

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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^*

Martin Christine M

(Last)

(First)

(Middle)

645 HAMILTON STREET

(Street)

ALLENTOWN

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)
	President of a PPL Subsidiary

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/20/2026		M		1,784	A	$36.91	38,219.782⁽¹⁾	D
Common Stock	01/20/2026		F⁽²⁾		603	D	$36.91	37,616.782⁽¹⁾	D
Common Stock								245.084⁽¹⁾	I	Held in trust pursuant to the Employee Stock Ownership Plan.

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Unit (ICPKE)	$0.00	01/20/2026		M			1,784	⁽³⁾	⁽³⁾	Common Stock	1,784	$0.00	0	D

Explanation of Responses:

1. Total includes the reinvestment of dividends.

2. 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 Incentive Compensation Plan for Key Employees (ICPKE).

3. The units vested on 01/20/2026.

	/s/ W. Eric Marr, as Attorney-In-Fact for Christine M. Martin	01/21/2026
	** 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.

Source: View Original Filing on SEC EDGAR