PPL (NYSE: PPL) subsidiary president sells 7,051 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPL Corp executive John Gregory Cornett, President of a PPL subsidiary, sold 7,051 shares of Common Stock in an open-market transaction at $35.56 per share on June 12, 2026. The sale was executed under a pre-arranged Rule 10b5-1 trading plan dated March 12, 2026, indicating it was scheduled in advance. After this transaction, he directly holds 7,768.93 PPL shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,051 shares ($250,734)
Net Sell
1 txn
Insider
Cornett John Gregory
Role
President of a PPL Subsidiary
Sold
7,051 shs ($251K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,051 | $35.56 | $251K |
Holdings After Transaction:
Common Stock — 7,768.93 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 7,051 shares
Sale price per share: $35.56 per share
Shares held after sale: 7,768.93 shares
+2 more
5 metrics
Shares sold
7,051 shares
Open-market sale of Common Stock on June 12, 2026
Sale price per share
$35.56 per share
Price received in the June 12, 2026 sale
Shares held after sale
7,768.93 shares
Direct ownership following the reported transaction
Number of sale transactions
1 sale
Non-derivative open-market sale reported on Form 4
Net shares sold
7,051 shares
Net buy/sell direction for this Form 4 is net-sell
Key Terms
Rule 10b5-1 plan, open-market sale, Common Stock, Form 4
4 terms
Rule 10b5-1 plan regulatory
"Represents the sale of 7,051 shares of common stock pursuant to a 10b5-1 plan, dated March 12, 2026."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market sale financial
"transaction_action: "open-market sale" for 7,051 shares of Common Stock."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: "Common Stock" for the non-derivative transaction."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): insider transaction details for PPL Corp."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did PPL (PPL) report for John Gregory Cornett?
PPL reported that John Gregory Cornett sold 7,051 shares of Common Stock. The transaction occurred on June 12, 2026 at a price of $35.56 per share and was executed as an open-market sale under a pre-arranged Rule 10b5-1 trading plan.
Was the recent PPL (PPL) insider sale made under a Rule 10b5-1 plan?
Yes, the 7,051-share sale was made under a Rule 10b5-1 plan. The footnote states the transaction followed a 10b5-1 plan dated March 12, 2026, indicating the trade was pre-scheduled rather than a discretionary market-timing decision.
What role does John Gregory Cornett hold at PPL (PPL)?
John Gregory Cornett serves as President of a PPL subsidiary. His position as an officer makes his equity transactions reportable on Form 4, giving investors transparency into his holdings and any open-market purchases or sales of PPL Common Stock.