PPL Corp (PPL) director reports 1,780 deferred stock units; total now 128,026

Rhea-AI Filing Summary

PPL Corp director Armando Zagalo de Lima reported acquiring additional deferred stock units under the company’s Directors Deferred Compensation Plan. On 01/02/2026, he acquired 1,780.12 stock units, each tied to PPL common stock, at a reference price of $35.11 per unit. After this transaction, he beneficially owns a total of 128,025.88 stock units in the plan, held directly.

The filing notes that these deferred stock units do not have a conversion or exercise price, because the plan provides that payout of the underlying securities will occur after the director’s retirement. The reported total also includes units accumulated through the reinvestment of dividends.

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
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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 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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

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)	01/02/2026		A		1,780.12		(1)	(1)	Common Stock	1,780.12	$35.11	128,025.88(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	01/06/2026
	** 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.

FAQ

What insider transaction did PPL (PPL) report in this Form 4?

A PPL Corp director reported acquiring 1,780.12 deferred stock units tied to PPL common stock on 01/02/2026 under the Directors Deferred Compensation Plan.

How many PPL deferred stock units does the director own after this transaction?

Following the reported transaction, the director beneficially owns 128,025.88 deferred stock units linked to PPL common stock, held directly.

What is the nature of the derivative security reported for PPL (PPL)?

The derivative security is a stock unit under PPL’s Directors Deferred Compensation Plan (DDCP), each representing an amount linked to PPL common stock.

When will the PPL deferred stock units be paid out?

According to the plan terms, payout of the underlying securities for these deferred stock units will occur following the director's retirement.

Does the reported PPL stock unit award include dividend reinvestment?

Yes. The explanation states that the total includes the reinvestment of dividends into additional deferred stock units.

What price was used for the newly acquired PPL deferred stock units?

The 1,780.12 deferred stock units acquired on 01/02/2026 were reported at a reference price of $35.11 per unit.