PPL (PPL) CFO gets stock on unit vesting, withholds 4,232 shares for taxes

Rhea-AI Filing Summary

PPL Corp executive Joseph P. Bergstein Jr., EVP and CFO, reported routine equity compensation activity. On 01/20/2026 he converted 13,938.871 Stock Incentive Plan units into the same number of shares of PPL common stock at a price of $36.91 per share. The company then withheld 4,232 shares at his request to cover taxes due when the restriction period ended, as allowed under the Stock Incentive Plan.

After these transactions, he directly held 161,777.549 shares of common stock. He also had indirect beneficial ownership of 395.195 shares held in trust under the Employee Stock Ownership Plan and 62.527 shares as custodian for children under the Dividend Reinvestment Plan. The filing notes that the total includes the reinvestment of dividends and that the units vested on 01/20/2026.

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

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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^*

Bergstein Joseph P Jr

(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 CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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	01/20/2026		M		13,938.871	A	$36.91	166,009.549(1)	D
Common Stock	01/20/2026		F(2)		4,232	D	$36.91	161,777.549(1)	D
Common Stock								395.195(1)	I	Held in trust pursuant to the Employee Stock Ownership Plan.
Common Stock								62.527(1)	I	As custodian for children under the Dividend Reinvestment Plan.

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)	$0.00	01/20/2026		M			13,938.871(1)	(3)	(3)	Common Stock	13,938.871(1)	$0.00	0	D

Explanation of Responses:

1. Total includes the reinvestment of dividends.

2. 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).

3. The units vested on 01/20/2026.

	/s/ W. Eric Marr, as Attorney-In-Fact for Joseph P. Bergstein, Jr.	01/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did PPL (PPL) report for its EVP and CFO?

PPL reported that EVP and CFO Joseph P. Bergstein Jr. converted 13,938.871 Stock Incentive Plan units into the same number of PPL common shares on 01/20/2026 and had shares withheld to cover taxes.

How many PPL shares were withheld for taxes in this Form 4?

The company withheld 4,232 shares of PPL common stock at a price of $36.91 per share to pay taxes due after the restriction period expired under the Stock Incentive Plan.

How many PPL shares does the EVP and CFO directly own after this transaction?

Following the reported transactions, EVP and CFO Joseph P. Bergstein Jr. directly owned 161,777.549 shares of PPL common stock.

What indirect PPL share holdings are reported for the EVP and CFO?

He indirectly beneficially owned 395.195 shares held in trust under the Employee Stock Ownership Plan and 62.527 shares as custodian for children under the Dividend Reinvestment Plan.

What does the Form 4 say about dividend reinvestment and vesting for PPL (PPL)?

The Form 4 notes that the reported total includes the reinvestment of dividends and that the stock units vested on 01/20/2026 before being converted into common shares.

Did the PPL EVP and CFO sell shares on the open market in this filing?

The filing shows a conversion of Stock Incentive Plan units into common stock and shares withheld by the company to pay taxes; it does not report an open-market sale.