PPL director awarded deferred stock units

PPL Corp director Armando Zagalo De Lima received 1,628.877 stock units under the company's Directors Deferred Compensation Plan.

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Form Type

Rhea-AI Filing Summary

PPL Corp director Armando Zagalo De Lima received 1,628.877 stock units under the company's Directors Deferred Compensation Plan. These stock units are tied to PPL common stock at a reference price of $38.370 per unit and bring his total deferred stock unit holdings to 130,605.692 units.

No exercise or conversion price applies, and the footnotes state that payout of the underlying securities will occur following the director's retirement. The total reported amount also includes the reinvestment of dividends into additional stock units.

Insider Trade Summary

Grant/Award: 1,628.877 shares

Grant/Award 1 txn

Insider DE LIMA ARMANDO ZAGALO

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit (DDCP)	1,628.877	$38.37	$63K

Holdings After Transaction: Stock Unit (DDCP) — 130,605.692 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.

Key Figures

Stock units granted: 1,628.877 units Reference price per unit: $38.370 per unit Total stock units after grant: 130,605.692 units +1 more

4 metrics

Stock units granted 1,628.877 units Stock Unit (DDCP) grant on April 1, 2026

Reference price per unit $38.370 per unit Reported transaction price for stock unit award

Total stock units after grant 130,605.692 units Director’s deferred stock unit holdings following transaction

Conversion or exercise price $0.0000 No exercise price applies under DDCP terms

Key Terms

Stock Unit (DDCP), Directors Deferred Compensation Plan (DDCP), dividend reinvestment, grant, award, or other acquisition

4 terms

Stock Unit (DDCP) financial

"security_title: "Stock Unit (DDCP)""

Directors Deferred Compensation Plan (DDCP) financial

"under the terms of the Directors Deferred Compensation Plan (DDCP), payout..."

dividend reinvestment financial

"Total includes the reinvestment of dividends."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

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

What did PPL (PPL) director Armando Zagalo De Lima report on this Form 4?

PPL director Armando Zagalo De Lima reported receiving 1,628.877 stock units under the Directors Deferred Compensation Plan. These stock units track PPL common stock and increase his total deferred stock unit holdings to 130,605.692 units, reflecting ongoing equity-based director compensation rather than an open-market trade.

Is the PPL (PPL) director Form 4 transaction a stock purchase or sale?

The Form 4 shows a grant or award acquisition, not a market purchase or sale. Code A indicates 1,628.877 stock units were granted under a compensation plan, so no open-market buying or selling of PPL shares occurred in this reported transaction.

How many PPL (PPL) stock units does the director hold after this transaction?

After the reported grant, Armando Zagalo De Lima holds a total of 130,605.692 stock units. This figure represents his accumulated deferred stock unit balance under the plan, including this new award and prior units, as well as units added through dividend reinvestment.

What is the reference price for the PPL (PPL) stock units granted on this Form 4?

The 1,628.877 stock units are reported at a reference price of $38.370 per unit. This price is used for reporting purposes on the Form 4 and reflects the value assigned to the stock unit award tied to PPL common stock.

When will the PPL (PPL) director receive payout from these deferred stock units?

According to the footnotes, payout of the underlying securities will occur following the director's retirement. Until that time, the stock units remain deferred under the Directors Deferred Compensation Plan, with dividends reinvested into additional units that increase the total reported balance.

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

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Accepted by SEC EDGAR 04/02/2026 - 04:14 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).

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^*

DE LIMA ARMANDO ZAGALO

(Last)

(First)

(Middle)

645 HAMILTON STREET

(Street)

ALLENTOWN

PENNSYLVANIA

18101

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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⁾	04/01/2026		A		1,628.877		⁽¹⁾	⁽¹⁾	Common Stock	1,628.877	$38.37	130,605.692⁽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	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

PPL director awarded deferred stock units

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