PPL director awarded new deferred stock units

PPL Corp director Linda G. Sullivan received a grant of deferred stock units as part of director compensation.

Accepted by SEC EDGAR 04/02/2026 - 04:16 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PPL Corp director Linda G. Sullivan received a grant of deferred stock units as part of director compensation. On the transaction date, she was awarded 1,140.214 stock units under the Directors Deferred Compensation Plan (DDCP), linked to PPL common stock at a reference price of $38.37 per unit.

The units have no conversion or exercise price, and payout of the underlying common shares will occur following her retirement, consistent with the DDCP terms. After this grant and including the reinvestment of dividends, her total deferred stock unit balance stands at 19,655.931 units, all reported as directly owned. This is a routine, non-market compensation award rather than an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 1,140.214 shares

Grant/Award 1 txn

Insider Sullivan Linda G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit (DDCP)	1,140.214	$38.37	$44K

Holdings After Transaction: Stock Unit (DDCP) — 19,655.931 contracts (Direct)

Holdings Before and After: Stock Unit (DDCP), 18,515.717 to 19,655.931 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

Deferred stock units granted: 1,140.214 units Transaction price per unit: $38.37 Total deferred stock units after grant: 19,655.931 units +1 more

4 metrics

Deferred stock units granted 1,140.214 units Stock Unit (DDCP) grant on transaction date

Transaction price per unit $38.37 Reference price per deferred stock unit

Total deferred stock units after grant 19,655.931 units Holdings following reported transaction

Conversion or exercise price $0.00 No exercise price under DDCP; payout after retirement

Key Terms

Directors Deferred Compensation Plan (DDCP), Stock Unit (DDCP), reinvestment of dividends, grant, award, or other acquisition

4 terms

Directors Deferred Compensation Plan (DDCP) financial

"under the terms of the Directors Deferred Compensation Plan (DDCP), payout of the underlying securities will occur"

Stock Unit (DDCP) financial

"security_title: Stock Unit (DDCP)"

reinvestment of dividends financial

"Total includes the reinvestment of dividends."

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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^*

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)
04/01/2026

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)	04/01/2026		A		1,140.214		(1)	(1)	Common Stock	1,140.214	$38.37	19,655.931(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	04/02/2026
	** 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)