PPL (NYSE: PPL) EVP Angela Gosman exercises awards and gets new grants

Rhea-AI Filing Summary

PPL Corp executive Angela K. Gosman, EVP and CHRO, reported multiple equity compensation transactions and new awards. On 01/29/2026 she exercised 18,437 and 8,331 performance stock units into common stock at prices of $36.31, with 2,441 and 6,161 shares withheld to cover taxes, leaving 50,595.324 shares. On 01/30/2026 she exercised 2,138.583 restricted stock units at $36.25, with 948 shares withheld for taxes, ending with 51,785.907 common shares held directly.

She also received a grant of 6,190 restricted stock units that vest in three equal installments beginning 01/29/2027 and three performance stock unit awards of 6,190, 6,190 and 12,380 units tied to relative performance, earnings growth and sustainability metrics over a three-year period ending 12/31/2028. As of 02/02/2026 she beneficially owned 18,275.822 restricted stock units and 87,378.126 performance units, figures that include dividend-equivalent credits.

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

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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)
01/29/2026

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	01/29/2026		M		8,331	A	$36.31	40,760.324	D
Common Stock	01/29/2026		F(1)		2,441	D	$36.31	38,319.324	D
Common Stock	01/29/2026		M		18,437	A	$36.31	56,756.324	D
Common Stock	01/29/2026		F(1)		6,161	D	$36.31	50,595.324	D
Common Stock	01/30/2026		M		2,138.583	A	$36.25	52,733.907	D
Common Stock	01/30/2026		F(1)		948	D	$36.25	51,785.907	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
Stock Unit (SIP)	(2)	01/29/2026		A		6,190		(3)	(3)	Common Stock	6,190	$0	6,190(4)	D
Performance Stock Unit (SIP)	(5)	01/29/2026		A		12,380		(5)	(5)	Common Stock	12,380	$0	12,380(6)	D
Performance Stock Unit (SIP)	(7)	01/29/2026		A		6,190		(7)	(7)	Common Stock	6,190	$0	6,190(6)	D
Performance Stock Unit (SIP)	(8)	01/29/2026		A		6,190		(8)	(8)	Common Stock	6,190	$0	6,190(6)	D
Performance Stock Unit (SIP)	(9)	01/29/2026		M			18,437(10)	(9)	(9)	Common Stock	18,437(10)	$0	0(6)	D
Performance Stock Unit (SIP)	(11)	01/29/2026		M			8,331(10)	(11)	(11)	Common Stock	8,331(10)	$0	0(6)	D
Stock Unit (SIP)	(2)	01/30/2026		M			2,138.583(10)	(12)	(12)	Common Stock	2,138.583(10)	$0.00	4,279.23(10)	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. No conversion or exercise price applies. Under the terms of the Stock Incentive Plan (SIP), a restricted stock unit converts to a share of common stock on the applicable vesting date.

3. The total grant of 6,190 restricted stock units will vest in three equal installments on 01/29/2027, 01/29/2028, and 01/29/2029.

4. As of 02/02/2026, total restricted stock units beneficially owned is 18,275.822. This total includes the 01/25/2024 grant of 7,806.592 restricted stock units, two-thirds of the 1/30/2025 grant, which totals 4,279.230, plus in each case, the incremental addition of restricted stock units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such restricted stock units, and the 01/29/2026 grant of 6,190 restricted stock units.

5. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's performance relative to a peer group (determined by the Company's People and Compensation Committee as described in more detail in the Company's annual Proxy Statement on Schedule 14A), over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.

6. As of 02/02/2026, total performance units beneficially owned is 87,378.126. This total includes the 01/20/2023 grant of 5,722.601 performance units, 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.

7. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's earnings growth over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.

8. No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's achievement of certain long-term sustainability-related metrics over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.

9. 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 (161.10%) based on the Company's performance relative to an industry peer group 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 01/30/2026.

10. Total includes the reinvestment of dividends.

11. 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 (145.58%) based on the Company's achievements of certain ESG-related metrics 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 01/30/2026.

12. One-third of the 1/30/2025 grant of restricted stock units vested on 01/30/2026; the remaining thirds will vest on 01/30/2027 and 01/30/2028, respectively.

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

What did PPL EVP Angela K. Gosman report in this Form 4 for PPL?

Angela K. Gosman reported exercises and grants of equity awards under PPL’s Stock Incentive Plan. She converted performance and restricted stock units into common shares, had shares withheld for taxes, and received new restricted and performance stock unit grants tied to multi-year performance and sustainability metrics.

How many PPL common shares does Angela K. Gosman hold after these transactions?

After the 01/29/2026 and 01/30/2026 transactions, Angela K. Gosman directly holds 51,785.907 shares of PPL common stock. This reflects exercises of stock units into shares and share withholding to satisfy tax obligations under the company’s Stock Incentive Plan during those transaction dates.

What new stock unit awards did Angela K. Gosman receive from PPL?

On 01/29/2026 she received 6,190 restricted stock units that vest in three equal installments on 01/29/2027, 01/29/2028 and 01/29/2029. She also received three performance stock unit awards of 6,190, 6,190 and 12,380 units, each tied to different three-year performance and sustainability criteria.

How are PPL performance stock units earned in Angela K. Gosman’s awards?

Performance stock units are earned based on PPL’s results relative to a peer group, earnings growth and sustainability metrics over a three-year period ending 12/31/2028. The People and Compensation Committee determines in January 2029 how many units are earned, according to the Stock Incentive Plan terms.

Were shares sold or mainly withheld for taxes in Angela K. Gosman’s PPL Form 4?

The filing shows shares withheld to cover taxes on vesting rather than open-market sales. Transactions coded “F” reflect 2,441, 6,161 and 948 shares of PPL common stock withheld at prices around $36.31 and $36.25, consistent with tax withholding on stock-based compensation.

How many restricted and performance units does Angela K. Gosman hold at PPL after these awards?

As of 02/02/2026 she beneficially owns 18,275.822 restricted stock units and 87,378.126 performance units. These totals include prior grants, the new 01/29/2026 awards, and incremental units credited as dividend equivalents on the underlying PPL common shares covered by the original units.