PPL Corp (PPL) director boosts DDCP stock units to 50,537.473 in Form 4

Rhea-AI Filing Summary

PPL Corp (PPL) director Phoebe A. Wood reported an acquisition of additional deferred stock units under the company’s Directors Deferred Compensation Plan (DDCP). On 01/02/2026, a derivative position labeled Stock Unit (DDCP) tied to PPL common stock increased by 1,246.084 units at a reference price of $35.11 per underlying share. These DDCP units do not have a conversion or exercise price; instead, the underlying securities are scheduled to be paid out following the director’s retirement. After this transaction, Wood beneficially owned 50,537.473 DDCP stock units, which the filing notes includes the reinvestment of dividends. The holdings are reported as held in direct ownership.

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^*

WOOD PHOEBE A

(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	50,537.473(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 Phoebe A. Wood	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).
** 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.

FAQ

What insider transaction did PPL (PPL) report for director Phoebe A. Wood?

PPL Corp reported that director Phoebe A. Wood acquired additional deferred stock units under the Directors Deferred Compensation Plan (DDCP) on 01/02/2026, as disclosed on a Form 4.

How many PPL DDCP stock units did Phoebe A. Wood acquire in this Form 4?

The filing shows an acquisition of 1,246.084 Stock Unit (DDCP) derivative securities, each tied to one share of PPL common stock, at a reference price of $35.11 per share.

What is the total number of PPL DDCP stock units Phoebe A. Wood now beneficially owns?

Following the reported transaction, Phoebe A. Wood beneficially owned 50,537.473 DDCP stock units. The filing notes that this total includes the reinvestment of dividends.

When will the PPL DDCP stock units reported by Phoebe A. Wood be paid out?

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

How are Phoebe A. Wood’s PPL DDCP holdings characterized in terms of ownership form?

The Form 4 identifies the 50,537.473 DDCP stock units as held in direct (D) ownership by the reporting person.

Does the PPL Form 4 indicate this was a derivative or non-derivative security transaction?

This Form 4 reports activity only in Table II, which covers derivative securities. The security is described as Stock Unit (DDCP) with underlying PPL common stock.