PPL director granted 1,445 Stock Units in DDCP

BEATTIE ART P reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

BEATTIE ART P reported acquisition or exercise transactions in this Form 4 filing.

PPL Corp director Art P. Beattie reported a compensation-related grant of 1,445.817 Stock Units under the Directors Deferred Compensation Plan (DDCP) at a reference value of $35.62 per unit. Each unit represents the right to receive an equivalent number of PPL common shares after the director’s retirement, rather than immediate stock. Following this award and dividend reinvestment, Beattie now holds a total of 50,384.217 Stock Units under the plan.

Insider Trade Summary

Grant/Award: 1,445.817 shares

Grant/Award 1 txn

Insider BEATTIE ART P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit (DDCP)	1,445.817	$35.62	$52K

Holdings After Transaction: Stock Unit (DDCP) — 50,384.217 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: 1,445.817 units Reference price per unit: $35.62 Total Stock Units after grant: 50,384.217 units +2 more

5 metrics

Stock Units granted 1,445.817 units DDCP grant on 2026-07-01

Reference price per unit $35.62 Grant valuation for Stock Units

Total Stock Units after grant 50,384.217 units Director’s DDCP balance after transaction

Underlying common stock 1,445.817 shares Shares represented by new Stock Units

Conversion or exercise price $0.00 No exercise price; payout after retirement

Key Terms

Stock Unit (DDCP), Directors Deferred Compensation Plan (DDCP), Grant, award, or other acquisition, underlying securities, +1 more

5 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 of the underlying securities"

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"

reinvestment of dividends financial

"Total includes the reinvestment of dividends."

FAQ

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

What insider transaction did PPL (PPL) director Art P. Beattie report?

Art P. Beattie reported receiving 1,445.817 Stock Units as a grant under PPL’s Directors Deferred Compensation Plan. These units are a form of equity-based compensation, not an open-market purchase, and convert into common stock after his retirement.

Is the PPL (PPL) Form 4 transaction a buy or a compensation grant?

The transaction is a compensation grant, not an open-market buy. Beattie received Stock Units coded as an “A” transaction, described as a grant, award, or other acquisition under the Directors Deferred Compensation Plan, with no cash purchase involved.

How many PPL (PPL) Stock Units does Art P. Beattie hold after this grant?

After the reported grant, Beattie holds 50,384.217 Stock Units under the plan. This total includes the newly granted 1,445.817 units and reinvested dividends, as noted in the filing’s footnotes describing how the balance is calculated.

When will Art P. Beattie receive the PPL (PPL) shares underlying his Stock Units?

Payout of the underlying PPL common stock occurs after Beattie’s retirement. The filing states that, under the Directors Deferred Compensation Plan, no exercise price applies and distribution of the underlying securities happens following a director’s retirement.

What does the $35.62 figure in the PPL (PPL) Form 4 represent?

The $35.62 amount is the reference price per Stock Unit used for the grant. It is not an exercise price, as the filing specifies a zero conversion or exercise price because distribution of the underlying shares occurs after retirement, not through an option exercise.

Does the PPL (PPL) Form 4 mention dividend reinvestment in the director’s holdings?

Yes. A footnote explains that the total number of Stock Units held includes the reinvestment of dividends. This means dividends credited under the plan are automatically converted into additional Stock Units in the director’s deferred compensation account.

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

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Accepted by SEC EDGAR 07/02/2026 - 05:41 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^*

BEATTIE ART P

(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		1,445.817		(1)	(1)	Common Stock	1,445.817	$35.62	50,384.217(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 Arthur P. Beattie	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)