PPL (PPL) subsidiary president reports new stock, performance unit awards and share exercises

Rhea-AI Filing Summary

PPL Corp executive John R. Crockett III, President of a PPL subsidiary, reported multiple equity transactions under the company’s Stock Incentive Plan. On 01/29/2026 and 01/30/2026, he acquired common shares through the vesting and settlement of stock units at prices around $36.31 and $36.25 per share, with some shares withheld to cover taxes.

He also received new awards of 3,489 restricted stock units, which will vest in three equal installments from 2027 to 2029, and several performance stock unit grants tied to relative performance, earnings growth, and sustainability metrics over three-year periods ending 12/31/2028. As of 02/02/2026, he beneficially owned 47,113.841 shares of common stock directly, along with restricted and performance units that may convert into additional shares depending on future performance outcomes.

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^*

Crockett John R III

(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)
	President of a PPL Subsidiary

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

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	01/29/2026		M		8,867	A	$36.31	36,544.744	D
Common Stock	01/29/2026		F(1)		2,870	D	$36.31	33,674.744	D
Common Stock	01/29/2026		M		19,623	A	$36.31	53,297.744	D
Common Stock	01/29/2026		F(1)		6,968	D	$36.31	46,329.744	D
Common Stock	01/30/2026		M		1,427.097	A	$36.25	47,756.841	D
Common Stock	01/30/2026		F(1)		643	D	$36.25	47,113.841	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)	(2)	01/29/2026		A		3,489		(3)	(3)	Common Stock	3,489	$0	3,489(4)	D
Performance Stock Unit (SIP)	(5)	01/29/2026		A		6,977		(5)	(5)	Common Stock	6,977	$0	6,977(6)	D
Performance Stock Unit (SIP)	(7)	01/29/2026		A		3,489		(7)	(7)	Common Stock	3,489	$0	3,489(6)	D
Performance Stock Unit (SIP)	(8)	01/29/2026		A		3,489		(8)	(8)	Common Stock	3,489	$0	3,489(6)	D
Performance Stock Unit (SIP)	(9)	01/29/2026		M			19,623(10)	(9)	(9)	Common Stock	19,623(10)	$0	0(6)	D
Performance Stock Unit (SIP)	(11)	01/29/2026		M			8,867(10)	(11)	(11)	Common Stock	8,867(10)	$0	0(6)	D
Stock Unit (SIP)	(2)	01/30/2026		M			1,427.097(10)	(12)	(12)	Common Stock	1,427.097(10)	$0.00	2,855.227(10)	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. No conversion or exercise price applies. Under the terms of the Stock Incentive Plan (SIP), a restricted stock unit converts to a share of common stock on the applicable vesting date.

3. The total grant of 3,489 restricted stock units will vest in three equal installments on 01/29/2027, 01/29/2028, and 01/29/2029.

4. As of 02/02/2026, total restricted stock units beneficially owned is 12,563.888. This total includes the 01/25/2024 grant of 6,219.661 restricted stock units, two-thirds of the 01/30/2025 grant, which totals 2,855.227, plus in each case, the incremental addition of restricted stock units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such restricted stock units, and the 01/29/2026 grant of 3,489 restricted stock units.

5. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's performance relative to a peer group (determined by the Company's People and Compensation Committee as described in more detail in the Company's annual Proxy Statement on Schedule 14A), over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.

6. As of 02/02/2026, total performance units beneficially owned is 62,052.100. This total includes the 01/20/2023 grant of 6,090.229 performance units, the three 01/25/2024 grants of (a) 6,219.661, (b) 6,219.661, and (c) 12,438.255 performance units, the three 01/30/2025 grants of (a) 4,282.324, (b) 4,282.324, and (c) 8,564.646 performance units, plus in each case, the incremental addition of performance units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such performance units, and the three 01/29/2026 grants of (a) 3,489, (b) 3,489, and (c) 6,977 performance units.

7. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's earnings growth over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.

8. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's achievement of certain long-term sustainability-related metrics over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.

9. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (161.10%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2025. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/29/2026 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/30/2026.

10. Total includes the reinvestment of dividends.

11. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (145.58%) based on the Company's achievements of certain ESG-related metrics ov er a three-year performance period ending 12/31/2025. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/29/2026 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/30/2026.

12. One-third of the 01/30/2025 grant of restricted stock units vested on 01/30/2026; the remaining thirds will vest on 01/30/2027 and 01/30/2028, respectively.

	/s/ W. Eric Marr, as Attorney-In-Fact for John R. Crockett III	02/02/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did PPL (PPL) executive John R. Crockett III report?

John R. Crockett III reported acquiring PPL common stock through the vesting and settlement of stock and performance units around $36.31 and $36.25 per share, with some shares withheld to pay taxes under PPL’s Stock Incentive Plan.

How many PPL (PPL) common shares does John R. Crockett III own after these Form 4 transactions?

Following the reported transactions, John R. Crockett III directly beneficially owned 47,113.841 PPL common shares. This figure reflects exercises of stock units and related tax withholdings completed on 01/29/2026 and 01/30/2026 under the company’s Stock Incentive Plan.

What new restricted stock units did PPL (PPL) grant to John R. Crockett III?

PPL granted John R. Crockett III 3,489 restricted stock units on 01/29/2026. According to the plan terms, this grant will vest in three equal installments on 01/29/2027, 01/29/2028, and 01/29/2029, each installment converting into PPL common shares.

What performance stock unit awards did PPL (PPL) report for John R. Crockett III?

On 01/29/2026, Crockett received several performance stock unit grants, including tranches of 6,977 and 3,489 units. These awards may be earned based on relative performance, earnings growth, and sustainability metrics over three-year periods ending 12/31/2028.

How many restricted and performance units does PPL (PPL) indicate Crockett holds in total?

As of 02/02/2026, Crockett beneficially owned 12,563.888 restricted stock units and 62,052.100 performance units. These totals include prior grants, dividend-equivalent credits, and the new 01/29/2026 awards reported in the Form 4 filing.

Why were some PPL (PPL) shares withheld in John R. Crockett III’s Form 4 filing?

Footnotes state that certain PPL shares, such as 2,870, 6,968, and 643, were withheld by the company at Crockett’s request to pay taxes due upon expiration of restriction periods, in line with the Stock Incentive Plan (SIP).