PPL EVP reports RSU vesting and tax withholding

PPL Corp executive vice president Lonnie E. Bellar reported routine equity compensation activity involving restricted stock units under the company’s Stock Incentive Plan.

Rhea-AI Filing Summary

PPL Corp executive vice president Lonnie E. Bellar reported routine equity compensation activity involving restricted stock units under the company’s Stock Incentive Plan. On 04/24/2026, 81.449 stock units vested and were converted into common stock, reflecting the first installment of a 245.380-unit grant awarded on 04/25/2025.

To cover taxes due at vesting, the company withheld 37 common shares at $38.75 per share at Bellar’s request, a non‑market tax-withholding disposition. Following these transactions, Bellar directly held 42,205.449 shares of PPL common stock, including shares from dividend reinvestment. Remaining installments of the original grant are scheduled to vest in 2027 and 2028.

Insider Trade Summary 10b5-1

81.449 shares exercised/converted

Exercise 3 txns

Insider Bellar Lonnie E

Role EVP-Eng, Constr and Gen

Type	Security	Shares	Price	Value
Exercise	Stock Unit (SIP)	81.449	$0.00	$0.00
Exercise	Common Stock	81.449	$38.75	$3K
Exercise Price or Tax Liability	Common Stock	37	$38.75	$1K

Holdings After Transaction: Stock Unit (SIP) — 0 contracts (Direct); Common Stock — 42,205.449 shares (Direct)

Footnotes (3)

1. F1. 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. F2. Total includes the reinvestment of dividends.
3. F3. The units vested on 04/24/2026 as the first installment of the restricted stock units granted on 04/25/2025. The remainder of the total grant of 245.380 restricted stock units will vest in two subsequent installments on 04/25/2027 (81.449 shares) and 04/25/2028 (82.482 shares).

Key Figures

Tax-withheld shares: 37 shares at $38.75 Units vested: 81.449 units Post-transaction holdings: 42,205.449 shares +3 more

6 metrics

Tax-withheld shares 37 shares at $38.75 Shares withheld to pay taxes on 04/24/2026 vesting

Units vested 81.449 units Restricted stock units vesting under SIP on 04/24/2026

Post-transaction holdings 42,205.449 shares Common stock directly held after transactions

Total RSU grant 245.380 units Restricted stock units granted on 04/25/2025

Future vesting 2027 81.449 units Installment scheduled to vest on 04/25/2027

Future vesting 2028 82.482 units Installment scheduled to vest on 04/25/2028

Key Terms

Stock Unit (SIP), Stock Incentive Plan (SIP), restricted stock units, tax-withholding disposition, +1 more

5 terms

Stock Unit (SIP) financial

"security_title": "Stock Unit (SIP)""

Stock Incentive Plan (SIP) financial

"under the terms of the Stock Incentive Plan (SIP)."

restricted stock units financial

"restricted stock units granted on 04/25/2025."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

dividend reinvestment financial

"Total includes the reinvestment of dividends."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PPL (PPL) EVP Lonnie Bellar report?

PPL EVP Lonnie E. Bellar reported routine equity compensation activity. On 04/24/2026, 81.449 stock units vested and converted into common shares, with a portion withheld to pay taxes under the company’s Stock Incentive Plan.

How many PPL (PPL) shares were withheld for taxes in this filing?

The company withheld 37 common shares at $38.75 per share to cover taxes due upon vesting. This tax-withholding disposition is not an open-market sale, but an automatic mechanism tied to Bellar’s restricted stock unit award.

How many PPL (PPL) stock units vested for the EVP on 04/24/2026?

On 04/24/2026, 81.449 stock units vested for EVP Lonnie Bellar under the Stock Incentive Plan. These units were converted into common stock as the first installment of a larger restricted stock unit grant awarded in 2025.

What are Lonnie Bellar’s PPL (PPL) holdings after the reported transactions?

After the reported vesting and tax withholding, Lonnie Bellar directly held 42,205.449 shares of PPL common stock. This total includes the reinvestment of dividends, as noted in the filing’s footnotes describing his post-transaction ownership position.

How large is the full restricted stock unit grant for the PPL (PPL) EVP?

The full restricted stock unit grant totals 245.380 units. The first 81.449 units vested on 04/24/2026, with remaining installments of 81.449 units and 82.482 units scheduled to vest on 04/25/2027 and 04/25/2028, respectively.

Are the PPL (PPL) insider transactions open-market buys or sells?

The transactions are not open-market trades. They reflect restricted stock units vesting and a tax-withholding disposition, where 37 shares were withheld by the company to pay taxes, rather than being sold on the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/28/2026 - 04:08 PM EDT Learn about SEC filing dates

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).

X

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^*

Bellar Lonnie E

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP-Eng, Constr and Gen

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

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
Common Stock	04/24/2026		M		81.449	A	$38.75	42,242.449	D
Common Stock	04/24/2026		F(1)		37	D	$38.75	42,205.449	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)	$0.00	04/24/2026		M			81.449(2)	(3)	(3)	Common Stock	81.449(2)	$0	0	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. Total includes the reinvestment of dividends.

3. The units vested on 04/24/2026 as the first installment of the restricted stock units granted on 04/25/2025. The remainder of the total grant of 245.380 restricted stock units will vest in two subsequent installments on 04/25/2027 (81.449 shares) and 04/25/2028 (82.482 shares).

	/s/ W. Eric Marr, as Attorney-In-Fact for David J. Bonenberger	04/28/2026
	** 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)