PPL Corp (NYSE: PPL) EVP Del Vecchio reports new RSU and PSU grants

Rhea-AI Filing Summary

PPL Corp executive Dean A. Del Vecchio, EVP and CTIO, reported routine equity compensation activity. On 01/30/2026, 2,887.191 stock units converted to common stock at $36.25 per share, and 1,236 shares were withheld by the company to cover taxes, leaving 1,651.191 common shares held directly.

On 01/29/2026, he received 8,357 restricted stock units and multiple performance stock unit grants, including awards tied to relative performance, earnings growth, and sustainability metrics over a three-year period ending 12/31/2028. As of 02/02/2026, he beneficially owned 54,595.389 restricted stock units and 119,761.959 performance units under PPL’s Stock Incentive 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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
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^*

Del Vecchio Dean 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)

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

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	01/30/2026		M		2,887.191	A	$36.25	2,887.191	D
Common Stock	01/30/2026		F(1)		1,236	D	$36.25	1,651.191	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		8,357		(3)	(3)	Common Stock	8,357	$0	8,357(4)	D
Performance Stock Unit (SIP)	(5)	01/29/2025		A		16,713		(5)	(5)	Common Stock	16,713	$0	16,713(6)	D
Performance Stock Unit (SIP)	(7)	01/29/2026		A		8,357		(7)	(7)	Common Stock	8,357	$0	8,357(6)	D
Performance Stock Unit (SIP)	(8)	01/29/2026		A		8,357		(8)	(8)	Common Stock	8,357	$0	8,357(6)	D
Stock Unit (SIP)	(2)	01/30/2026		M			2,887.191(9)	(10)	(10)	Common Stock	2,887.191(9)	$0.00	5,776.444(9)	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 8,357 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 54,595.389. This total includes the two 02/19/2024 grants of (a) 30,046.042 and (b) 10,415.903 restricted stock units, two-thirds of the 1/30/2025 grant, which totals 5,776.444, 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 1/29/2026 grant of 8,357 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 119,761.959. This total includes the six 02/19/2024 grants of (a) 10,415.903, (b) 10,415.903, (c) 20,831.808, (d) 2,504.725, (e) 2,504.725, and (f) 5,008.384 performance units, the three 01/30/2025 grants of (a) 8,663.635, (b) 8,663.635, and (c) 17,326.241 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) 8,357, (b) 8,357, and (c) 16,713, 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. Total includes the reinvestment of dividends.

10. One-third of the 01/30/2025 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 Dean A. Del Vecchio	02/02/2026
	** 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 transactions did PPL (PPL) executive Dean Del Vecchio report?

Dean A. Del Vecchio reported stock-based compensation activity, including stock units converting into common shares and new stock unit grants. Some common shares were withheld by PPL Corp to cover taxes under the Stock Incentive Plan, leaving him with directly held common stock afterward.

How many PPL Corp common shares did Dean Del Vecchio receive and retain?

2,887.191 stock units converted into PPL Corp common stock at $36.25 per share. The company withheld 1,236 shares to pay taxes, leaving 1,651.191 common shares directly owned by Dean A. Del Vecchio following these reported transactions under the Stock Incentive Plan.

What new restricted stock units did PPL EVP Dean Del Vecchio receive?

On 01/29/2026, Dean A. Del Vecchio received a grant of 8,357 restricted stock units under PPL Corp’s Stock Incentive Plan. These units convert into common stock on scheduled vesting dates, providing equity-based compensation linked to continued service and specified vesting conditions.

What performance stock units were granted to PPL executive Dean Del Vecchio?

Dean A. Del Vecchio received several performance stock unit awards, including blocks of 8,357 and 16,713 units. These may be earned based on PPL Corp’s relative performance, earnings growth, and sustainability-related metrics over a three-year period ending 12/31/2028, subject to committee determination.

How many PPL restricted stock units does Dean Del Vecchio beneficially own?

As of 02/02/2026, Dean A. Del Vecchio beneficially owned 54,595.389 restricted stock units in PPL Corp. This total reflects prior grants, dividend-equivalent credits added to those awards, and the new 8,357-unit grant reported in the most recent Form 4 insider transaction filing.

What is Dean Del Vecchio’s total performance unit holding in PPL Corp?

As of 02/02/2026, Dean A. Del Vecchio beneficially owned 119,761.959 performance units tied to PPL Corp stock. This figure aggregates multiple prior grants, dividend-equivalent credits, and the newer awards linked to performance and sustainability metrics over the current multi-year measurement period.