PPL executive exercises performance stock units

PPL Corp executive John Gregory Cornett reported equity award activity involving performance stock units and common shares.

Accepted by SEC EDGAR 02/24/2026 - 05:01 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

PPL Corp executive John Gregory Cornett reported equity award activity involving performance stock units and common shares. On February 20, 2026, he exercised 2,076 performance stock units into 2,076 shares of common stock at a stated price of $37.44 per share under the Stock Incentive Plan.

On the same date, 630 common shares were disposed of at $37.44 per share to cover tax obligations, with the shares withheld by the company as described in the plan. After these transactions, he directly owned 14,819.93 common shares. As of February 24, 2026, he also beneficially owned 25,998.551 performance units, which include multiple grants and dividend-equivalent credits earned over time.

Insider Trade Summary

2,076 shares exercised/converted

Exercise 3 txns

Insider Cornett John Gregory

Role President of a PPL Subsidiary

Type	Security	Shares	Price	Value
Exercise	Performance Stock Unit (SIP)	2,076	$0.00	$0.00
Exercise	Common Stock	2,076	$37.44	$78K
Exercise Price or Tax Liability	Common Stock	630	$37.44	$24K

Holdings After Transaction: Performance Stock Unit (SIP) — 0 contracts (Direct); Common Stock — 14,819.93 shares (Direct)

Holdings Before and After: Performance Stock Unit (SIP), 2,076 to 0 contracts (Direct); Common Stock, 13,373.93 to 14,819.93 shares (Direct)

Footnotes (4)

1. F1. 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. F2. Total includes the reinvestment of dividends.
3. F3. 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. F4. As of 02/24/2026, total performance units beneficially owned is 25,998.551. This total includes the three 01/25/2024 grants of (a) 1,587.999, (b) 1,587.999, and (c) 3,175.997 performance units, the three 03/04/2024 grants of (a) 757.714, (b) 757.714, and (c) 1,515.427 performance units, the three 05/02/2024 grants of (a) 150.137, (b) 150.137, and (c) 300.273 performance units, the three 01/30/2025 grants of (a) 1,979.789, (b) 1,979.789, and (c) 3,959.576 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 1/29/2026 grants of (a) 2,024, (b) 2,024, and (c) 4,048 performance units.

FAQ

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What insider transactions did PPL (PPL) executive John Gregory Cornett report?

John Gregory Cornett reported exercising performance stock units into common shares and a related tax-withholding share disposition. He converted 2,076 performance stock units into 2,076 common shares, and 630 shares were withheld by PPL to satisfy tax obligations under the company’s Stock Incentive Plan.

How many PPL (PPL) shares did John Gregory Cornett acquire and dispose of in this Form 4?

Cornett acquired 2,076 PPL common shares through the exercise of performance stock units and had 630 common shares disposed of to cover taxes. These transactions occurred on February 20, 2026, and were executed under the terms of PPL’s Stock Incentive Plan.

What was John Gregory Cornett’s PPL common stock holding after these transactions?

After the reported transactions, Cornett directly held 14,819.93 PPL common shares. This balance reflects the net result of converting 2,076 performance stock units into common stock and the tax-withholding disposition of 630 shares executed on February 20, 2026.

How were taxes handled for John Gregory Cornett’s PPL equity award on this Form 4?

Taxes were satisfied through share withholding by PPL. Specifically, 630 common shares were withheld and disposed of by the company at $37.44 per share to pay taxes due after the restriction period ended, consistent with the Stock Incentive Plan’s tax-withholding provisions.

What are the details of the performance stock units reported for PPL (PPL) in this filing?

The performance stock units were earned at 151.5% of target based on PPL’s earnings growth over a three-year period ending December 31, 2025. The compensation committee determined the earned percentage on January 29, 2026, and calculated the net shares deliverable, after withholding, on February 20, 2026.

How many PPL performance units does John Gregory Cornett beneficially own after this Form 4?

As of February 24, 2026, Cornett beneficially owned 25,998.551 PPL performance units. This total reflects multiple grants made in 2024, 2025, and 2026, plus additional performance units credited over time as dividend equivalents on the underlying awards.

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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
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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^*

Cornett John Gregory

(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)
	President of a PPL Subsidiary

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		2,076	A	$37.44	15,449.93	D
Common Stock	02/20/2026		F(1)		630	D	$37.44	14,819.93	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			2,076(2)	(3)	(3)	Common Stock	2,076(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 25,998.551. This total includes the three 01/25/2024 grants of (a) 1,587.999, (b) 1,587.999, and (c) 3,175.997 performance units, the three 03/04/2024 grants of (a) 757.714, (b) 757.714, and (c) 1,515.427 performance units, the three 05/02/2024 grants of (a) 150.137, (b) 150.137, and (c) 300.273 performance units, the three 01/30/2025 grants of (a) 1,979.789, (b) 1,979.789, and (c) 3,959.576 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 1/29/2026 grants of (a) 2,024, (b) 2,024, and (c) 4,048 performance units.

	/s/ W. Eric Marr, as Attorney-In-Fact for John Gregory Cornett	02/24/2026
	** Signature of Reporting Person	Date
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