PPL Corp (NYSE: PPL) officer nets shares after stock units vest
Rhea-AI Filing Summary
PPL Corp executive John Gregory Cornett reported routine equity compensation activity. On 01/20/2026, 1,237 Stock Unit (SIP) derivatives with a conversion price of $0.00 vested and were converted into 1,237 shares of PPL common stock at a price of $36.91 per share. On the same date, 455 common shares were withheld by the company at his request to cover taxes due under the Stock Incentive Plan, also valued at $36.91 per share. After these transactions, Cornett directly held 8,616 shares of PPL common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Unit (SIP) | 1,237 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,237 | $36.91 | $46K |
| Exercise Price or Tax Liability | Common Stock | 455 | $36.91 | $17K |
Footnotes (2)
- 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).
- F2. The units vested on 01/20/2026.
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FAQ
What insider transaction did PPL (PPL) report for John Gregory Cornett?
PPL reported that officer John Gregory Cornett had 1,237 Stock Unit (SIP) awards vest on 01/20/2026, converting into 1,237 shares of common stock at $36.91 per share, with some shares withheld for taxes.
What role does John Gregory Cornett hold at PPL Corp (PPL)?
John Gregory Cornett is an officer of PPL Corp, serving as President of a PPL subsidiary, according to the Form 4 disclosure.
Were John Gregory Cornett’s PPL transactions part of a stock incentive plan?
Yes. The Form 4 notes that the vesting and related tax withholding were under the Stock Incentive Plan (SIP), and shares were withheld to pay taxes after the restriction period expired.