PPL (PPL) director reports 1,246 stock units in deferred compensation plan

Rhea-AI Filing Summary

PPL Corp director reports acquisition of deferred stock units

A PPL Corp director reported a routine equity transaction under a deferred compensation plan. On 01/02/2026, the director acquired 1,246.084 stock units (DDCP) as shown in Table II of the filing. These derivative securities are tied to PPL common stock, with an underlying amount of 1,246.084 shares at a reference price of $35.11 per share.

Under the Directors Deferred Compensation Plan, there is no exercise or conversion price because the payout of the underlying securities occurs following the director's retirement. After this transaction, the director beneficially owned 18,379.202 derivative securities, with the total including 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

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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^*

Sullivan Linda G

(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		1,246.084		(1)	(1)	Common Stock	1,246.084	$35.11	18,379.202(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	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 was reported for PPL (PPL) on this Form 4?

The filing reports that a PPL Corp director acquired 1,246.084 stock units under the Directors Deferred Compensation Plan on 01/02/2026, tied to PPL common stock.

At what price are the PPL Corp directors new stock units referenced?

The 1,246.084 stock units are shown with an underlying common stock amount of 1,246.084 shares at a reference price of $35.11 per share.

How many derivative securities does the PPL director own after this transaction?

Following the reported transaction, the director beneficially owned 18,379.202 derivative securities under the plan, as disclosed in Table II.

What plan governs the PPL directors stock units reported here?

The transaction occurred under the Directors Deferred Compensation Plan (DDCP), which provides for payout of the underlying securities following the directors retirement.

Is there an exercise or conversion price for the PPL deferred stock units?

No exercise or conversion price applies, because under the Directors Deferred Compensation Plan, the payout of the underlying securities occurs after the director retires.

Does the reported total for the PPL director include dividend reinvestment?

Yes. The explanation states that the reported total includes the reinvestment of dividends in the directors holdings.