PPL director granted 1,228 stock units under DDCP

PPL Corp director Heather B. Redman reported a compensation-related award of stock units rather than an open-market trade.

Rhea-AI Filing Summary

PPL Corp director Heather B. Redman reported a compensation-related award of stock units rather than an open-market trade. She acquired 1,228.243 Stock Units under the Directors Deferred Compensation Plan (DDCP), each tied to an equivalent number of common shares. Under the DDCP, payout of the underlying securities occurs after a director’s retirement, so this functions as deferred compensation. Following this award and dividend reinvestment, her total DDCP-related stock units increased to 28,938.601.

Insider Trade Summary

Grant/Award: 1,228.243 shares

Grant/Award 1 txn

Insider Redman Heather B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit (DDCP)	1,228.243	$35.62	$44K

Holdings After Transaction: Stock Unit (DDCP) — 28,938.601 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

Stock units granted: 1,228.243 units Grant reference price: $35.6200 per unit Total units after transaction: 28,938.601 units +1 more

4 metrics

Stock units granted 1,228.243 units Stock Unit (DDCP) grant on 2026-07-01

Grant reference price $35.6200 per unit Price per Stock Unit (DDCP) for reported award

Total units after transaction 28,938.601 units DDCP-related Stock Units following award

Underlying common shares 1,228.243 shares Common Stock underlying the new Stock Units

Key Terms

Stock Unit (DDCP), Directors Deferred Compensation Plan (DDCP), Grant, award, or other acquisition, underlying securities

4 terms

Stock Unit (DDCP) financial

"security_title: Stock Unit (DDCP)"

Directors Deferred Compensation Plan (DDCP) financial

"under the terms of the Directors Deferred Compensation Plan (DDCP), payout"

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

underlying securities financial

"payout of the underlying securities will occur following a director's retirement"

FAQ

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

What insider transaction did PPL (PPL) director Heather B. Redman report?

Heather B. Redman reported receiving 1,228.243 Stock Units as a compensation award under PPL’s Directors Deferred Compensation Plan. These units are linked to common stock and increase her total DDCP-related holdings to 28,938.601 units, reflecting ongoing director compensation rather than a market trade.

Was the PPL (PPL) Form 4 transaction a stock purchase or sale?

The Form 4 shows an acquisition as a grant or award, not a market purchase or sale. Redman received 1,228.243 Stock Units under a deferred compensation plan, so no open-market buy or sell occurred; this represents non-cash director compensation accumulating for future payout.

How many PPL (PPL) stock units does Heather B. Redman hold after this grant?

After the reported award, Redman holds 28,938.601 Stock Units related to PPL under the Directors Deferred Compensation Plan. This total includes the newly granted 1,228.243 units and the reinvestment of dividends, indicating her cumulative deferred director compensation balance in that plan.

What is the Directors Deferred Compensation Plan (DDCP) mentioned in PPL’s Form 4?

The DDCP is PPL’s Directors Deferred Compensation Plan, under which directors receive Stock Units linked to common stock. According to the filing, payout of the underlying securities occurs following a director’s retirement, making these awards a form of long-term, deferred equity-based compensation.

Does the PPL (PPL) Form 4 disclose a conversion or exercise price for the stock units?

No conversion or exercise price applies to these Stock Units. The filing specifies that, under the Directors Deferred Compensation Plan, payout of the underlying securities will occur after the director’s retirement, so the award functions as deferred stock-based compensation rather than a traditional option exercise.

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

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Accepted by SEC EDGAR 07/02/2026 - 05:46 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).

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^*

Redman Heather B

(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)
07/01/2026

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)	07/01/2026		A		1,228.243		(1)	(1)	Common Stock	1,228.243	$35.62	28,938.601(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 Heather B. Redman	07/02/2026
	** 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)