PPL Corp EVP Wendy Stark Exercises 9,650 Stock Units

Stark Wendy E reported disposition transactions in this Form 4 filing.

Accepted by SEC EDGAR 01/21/2026 - 04:15 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Stark Wendy E reported disposition transactions in this Form 4 filing.

PPL Corp executive vice president and chief legal officer Wendy E. Stark exercised 9,650.243 Stock Unit (SIP) awards on 01/20/2026, converting them into an equal number of common shares at an exercise price of $0.0000 per unit, leaving no remaining SIP units.

On the same date, 3,002 common shares were delivered back to the company at $36.9100 per share to satisfy tax obligations following the vesting of these units under the Stock Incentive Plan, which footnotes explain includes dividend reinvestment and that the units vested on 01/20/2026. After these transactions, Stark directly holds 66,679.79 common shares of PPL Corp.

Insider Trade Summary

9,650.243 shares exercised/converted

Exercise 3 txns

Insider Stark Wendy E

Role EVP & CLO

Type	Security	Shares	Price	Value
Exercise	Stock Unit (SIP)	9,650.243	$0.00	$0.00
Exercise	Common Stock	9,650.243	$36.91	$356K
Exercise Price or Tax Liability	Common Stock	3,002	$36.91	$111K

Holdings After Transaction: Stock Unit (SIP) — 0 contracts (Direct); Common Stock — 66,679.79 shares (Direct)

Holdings Before and After: Stock Unit (SIP), 9,650.243 to 0 contracts (Direct); Common Stock, 60,031.547 to 66,679.79 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 01/20/2026.

Key Figures

Stock units exercised: 9,650.243 units Common shares acquired: 9,650.243 shares Tax-withheld shares: 3,002 shares +3 more

6 metrics

Stock units exercised 9,650.243 units Stock Unit (SIP) awards converted into common stock on 01/20/2026

Common shares acquired 9,650.243 shares Common Stock received upon SIP unit exercise at $36.9100 per share

Tax-withheld shares 3,002 shares Common shares delivered to satisfy tax obligations at $36.9100 per share

Post-transaction common holdings 66,679.79 shares Direct Common Stock holdings after the reported transactions

Exercise price for SIP units $0.0000 per unit Conversion price for Stock Unit (SIP) into Common Stock

Per-share value used $36.9100 per share Share value applied to common stock transactions on 01/20/2026

Key Terms

Stock Unit (SIP), Stock Incentive Plan (SIP), tax-withholding disposition, reinvestment of dividends, +1 more

5 terms

Stock Unit (SIP) financial

"security_title "Stock Unit (SIP)" and related SIP awards exercised."

Stock Incentive Plan (SIP) financial

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

tax-withholding disposition financial

"transaction_action "tax-withholding disposition" for common stock."

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.

reinvestment of dividends financial

"Total includes the reinvestment of dividends."

vested financial

"The units vested on 01/20/2026."

FAQ

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

What did PPL (PPL) executive Wendy Stark report in this Form 4?

Wendy E. Stark reported exercising 9,650.243 Stock Unit (SIP) awards, converting them into common shares, and a related tax-withholding disposition of 3,002 shares, all under PPL Corp’s Stock Incentive Plan on 01/20/2026.

How many PPL (PPL) Stock Unit (SIP) awards did Stark exercise?

Stark exercised 9,650.243 Stock Unit (SIP) awards, converting them into an equal number of PPL common shares at an exercise price of $0.0000 per unit, following the vesting of these units on 01/20/2026.

How many PPL (PPL) shares were withheld for taxes in Stark’s transaction?

A total of 3,002 common shares of PPL were withheld and delivered to the company at $36.9100 per share to pay taxes due after the restriction period expired under the Stock Incentive Plan (SIP).

What is Wendy Stark’s PPL (PPL) common stock holding after these transactions?

Following the reported exercise and tax-withholding disposition, Wendy E. Stark directly holds 66,679.79 common shares of PPL Corp, as the canonical post-transaction balance disclosed with the Form 4 data.

What plan governed Wendy Stark’s PPL (PPL) stock unit exercise?

The transactions were carried out under PPL’s Stock Incentive Plan (SIP), with footnotes indicating the units vested on 01/20/2026 and that totals reflect the reinvestment of dividends in those SIP units.

At what price were PPL (PPL) common shares valued in Stark’s Form 4?

The common stock transactions in Stark’s Form 4 use a per-share value of $36.9100, applied to both the acquisition of 9,650.243 shares from SIP unit conversion and the 3,002 shares withheld to cover tax liabilities.

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^*

Stark Wendy E

(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)
	EVP & CLO

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		M		9,650.243	A	$36.91	69,681.79	D
Common Stock	01/20/2026		F(1)		3,002	D	$36.91	66,679.79	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	01/20/2026		M			9,650.243(2)	(3)	(3)	Common Stock	9,650.243(2)	$0.00	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 01/20/2026.

	/s/ W. Eric Marr, as Attorney-In-Fact for Wendy E. Stark	01/21/2026
	** 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.
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