PPL Corp (PPL) director reports 1,246 DDCP stock units and 26,156 total

Rhea-AI Filing Summary

PPL Corp director Heather B. Redman reported acquiring additional deferred stock units linked to PPL common stock through the company’s Directors Deferred Compensation Plan (DDCP). On 01/02/2026, she acquired 1,246.084 stock units at a derivative security price of $35.11 per unit, classified as an acquisition transaction. These units represent the right to receive PPL common shares in the future rather than immediate stock ownership.

The filing states that there is no conversion or exercise price because, under the DDCP, payout of the underlying securities will occur following the director’s retirement. After this transaction, Redman beneficially owned 26,155.912 derivative securities on a direct basis, and this total includes the reinvestment of dividends within the plan.

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^*

Redman Heather B

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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

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)	01/02/2026		A		1,246.084		(1)	(1)	Common Stock	1,246.084	$35.11	26,155.912(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	01/06/2026
	** 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).
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FAQ

What insider transaction did PPL (PPL) disclose in this filing?

The filing reports that director Heather B. Redman acquired 1,246.084 stock units tied to PPL common stock on 01/02/2026 under the Directors Deferred Compensation Plan.

What type of security did the PPL (PPL) director acquire?

The director acquired a derivative security described as Stock Unit (DDCP), which is linked to PPL common stock and represents deferred compensation rather than immediately exercisable shares.

What was the reference price for the PPL (PPL) deferred stock units?

The transaction shows a derivative security price of $35.11 per stock unit for the 01/02/2026 acquisition under the Directors Deferred Compensation Plan.

How many PPL-related derivative securities does the director own after this transaction?

Following the reported transaction, the director beneficially owned 26,155.912 derivative securities related to PPL common stock, held in direct form.

When will the PPL (PPL) DDCP stock units be paid out to the director?

The explanation notes that no conversion or exercise price applies because, under the Directors Deferred Compensation Plan, payout of the underlying securities will occur following the director's retirement.

Does the reported total of PPL DDCP units include reinvested dividends?

Yes. The filing states that the reported total number of derivative securities includes the reinvestment of dividends within the Directors Deferred Compensation Plan.

Who signed the PPL (PPL) insider transaction report?

The report was signed by /s/ W. Eric Marr, acting as Attorney-In-Fact for Heather B. Redman, and dated 01/06/2026.