PPL Form 4: Director acquired 1,656.874 units at $36.59

Q: What did PPL (PPL) report on this Form 4?

The Form 4 reports that director Armando Zagalo de Lima was credited with 1,656.874 stock units under the Directors Deferred Compensation Plan on 10/01/2025.

Q: How many PPL shares does the reporting person now beneficially own?

The filing states the reporting person beneficially owns 125,273.472 shares following the reported transaction, which includes reinvested dividends.

Q: When was the Form 4 filed and who signed it?

The Form 4 shows the transaction date as 10/01/2025 and was signed on 10/02/2025 by W. Eric Marr as Attorney-in-Fact.

Q: What is the reference price shown on the Form 4?

The reported reference price on the Form 4 is $36.59 per unit.

PPL Corp. director Armando Zagalo de Lima received 1,656.874 stock units under the company's Directors Deferred Compensation Plan on 10/01/2025.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

PPL Corp. director Armando Zagalo de Lima received 1,656.874 stock units under the company's Directors Deferred Compensation Plan on 10/01/2025. The units are payable in common stock following the director's retirement and the report shows a per-unit reference price of $36.59. After this grant and reinvestment of dividends, the reporting person beneficially owns 125,273.472 shares. The Form 4 was filed by an Attorney-in-Fact and signed on 10/02/2025. The filing explains the units have no exercise price because payout occurs at retirement and that the total includes dividend reinvestment.

Positive

Director received 1,656.874 deferred stock units under the Directors Deferred Compensation Plan
Total beneficial ownership increased to 125,273.472 shares, including reinvested dividends

Negative

No cash exercise price applies because payout is deferred until the director's retirement, delaying liquidity
Transaction is not an open-market purchase and reflects plan payout mechanics rather than discretionary insider buying

Insider Trade Summary

Grant/Award: 1,656.874 shares

Grant/Award 1 txn

Insider DE LIMA ARMANDO ZAGALO

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit (DDCP)	1,656.874	$36.59	$61K

Holdings After Transaction: Stock Unit (DDCP) — 125,273.472 contracts (Direct)

Footnotes (2)

F1. 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.
F2. Total includes the reinvestment of dividends.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did PPL (PPL) report on this Form 4?

The Form 4 reports that director Armando Zagalo de Lima was credited with 1,656.874 stock units under the Directors Deferred Compensation Plan on 10/01/2025.

How many PPL shares does the reporting person now beneficially own?

The filing states the reporting person beneficially owns 125,273.472 shares following the reported transaction, which includes reinvested dividends.

Was there a cash price paid for the units?

No conversion or exercise price applies; the filing notes payout in underlying securities occurs after the director's retirement.

When was the Form 4 filed and who signed it?

The Form 4 shows the transaction date as 10/01/2025 and was signed on 10/02/2025 by W. Eric Marr as Attorney-in-Fact.

What is the reference price shown on the Form 4?

The reported reference price on the Form 4 is $36.59 per unit.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 10/02/2025 - 04:37 PM

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).

1. Name and Address of Reporting Person^*

DE LIMA ARMANDO ZAGALO

(Last)

(First)

(Middle)

645 HAMILTON STREET

(Street)

ALLENTOWN

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)
10/01/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Unit (DDCP)	⁽¹⁾	10/01/2025		A		1,656.874		⁽¹⁾	⁽¹⁾	Common Stock	1,656.874	$36.59	125,273.472⁽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 Armando Zagalo de Lima	10/02/2025
	** 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.

Source: View Original Filing on SEC EDGAR