PPL Corp (NYSE: PPL) EVP nets stock from PSU vesting and tax withholding

Rhea-AI Filing Summary

PPL Corp executive vice president and CHRO Angela K. Gosman reported equity compensation activity tied to the company’s Stock Incentive Plan. On February 20, 2026, she exercised 8,670 Performance Stock Units (SIP), converting them into an equal number of PPL common shares at a reference price of $37.44 per share.

Under the plan’s terms, these performance units were earned at 151.5% of target based on PPL’s earnings growth over a three-year period ending December 31, 2025. To cover taxes due at vesting, 3,841 common shares were withheld by the company, characterized as a tax-withholding disposition rather than an open-market sale.

Following these transactions, Gosman directly owned 56,614.907 PPL common shares, including shares from dividend reinvestment, and beneficially held 81,655.525 performance units as of February 24, 2026.

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^*

Gosman Angela K

(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 and CHRO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		M		8,670	A	$37.44	60,455.907	D
Common Stock	02/20/2026		F(1)		3,841	D	$37.44	56,614.907	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
Performance Stock Unit (SIP)	$0.00	02/20/2026		M			8,670(2)	(3)	(3)	Common Stock	8,670(2)	$0.00	0(4)	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. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (151.5%) based on the Company's earnings growth over a three-year performance period ending 12/31/2025. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/29/2026 and calculation of the underlying shares to be delivered, net of withholding, was completed on 02/20/2026.

4. As of 02/24/2026, total performance units beneficially owned is 81,655.525. This total includes the three 01/25/2024 grants of (a) 7,806.592, (b) 7,806.592, and (c) 15,612.119 performance units, the three 01/30/2025 grants of (a) 6,417.813, (b) 6,417.813, and (c) 12,834.596 performance units, plus in each case, the incremental addition of performance units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such performance units, and the three 01/29/2026 grants of (a) 6,190, (b) 6,190, and (c) 12,380 performance units.

	/s/ W. Eric Marr, as Attorney-In-Fact for Angela K. Gosman	02/24/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did PPL (PPL) EVP Angela K. Gosman report?

Angela K. Gosman reported exercising 8,670 Performance Stock Units into PPL common shares and a related tax-withholding disposition of 3,841 shares. These movements reflect equity compensation vesting under the Stock Incentive Plan rather than open-market buying or selling activity.

How many PPL Performance Stock Units did Angela Gosman exercise and on what terms?

She exercised 8,670 Performance Stock Units on February 20, 2026. The units were earned at 151.5% of target based on PPL’s earnings growth over a three-year period ending December 31, 2025, with no separate exercise price or expiration date applying under the plan.

Why were 3,841 PPL common shares withheld in Angela Gosman’s Form 4?

The 3,841 PPL common shares were withheld by the company at Gosman’s request to cover taxes due at vesting. This tax-withholding disposition is recorded under code F and reflects payment of tax liabilities, not an open-market sale of shares.

How many PPL common shares does Angela Gosman own after these transactions?

After the reported transactions, Gosman directly owned 56,614.907 PPL common shares. This figure includes shares acquired over time through transactions and the reinvestment of dividends, as described in the Form 4 footnotes for her account.

What are Angela Gosman’s remaining PPL performance units after this Form 4?

As of February 24, 2026, Gosman beneficially owned 81,655.525 PPL performance units. This total reflects multiple performance unit grants from 2024, 2025, and 2026 plus additional units credited as dividend equivalents under the Stock Incentive Plan.

What performance criteria determined Angela Gosman’s PPL Performance Stock Unit payout?

The payout was based on PPL’s earnings growth over a three-year performance period ending December 31, 2025. Under the Stock Incentive Plan, this outcome resulted in 151.5% of the target performance stock unit award being earned and delivered in shares.