PPL director awarded 1,754.633 DDCP stock units

DE LIMA ARMANDO ZAGALO reported acquisition or exercise transactions in this Form 4 filing.

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

DE LIMA ARMANDO ZAGALO reported acquisition or exercise transactions in this Form 4 filing.

PPL Corp director Armando Zagalo De Lima received an award of 1,754.633 Stock Units under the company’s Directors Deferred Compensation Plan (DDCP), each tied to an equal number of common shares at a reference price of $35.62. Following this grant, his directly held DDCP stock units total 133,405.317. Under the DDCP, the underlying securities are scheduled to be paid out after the director’s retirement, and the reported total includes units accumulated through dividend reinvestment.

Insider Trade Summary

Grant/Award: 1,754.633 shares

Grant/Award 1 txn

Insider DE LIMA ARMANDO ZAGALO

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit (DDCP)	1,754.633	$35.62	$63K

Holdings After Transaction: Stock Unit (DDCP) — 133,405.317 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

DDCP stock units granted: 1,754.633 units Reference price per unit: $35.62 per unit Total DDCP units after grant: 133,405.317 units +2 more

5 metrics

DDCP stock units granted 1,754.633 units Award on 2026-07-01 to director under DDCP

Reference price per unit $35.62 per unit Reporting price for DDCP Stock Unit grant

Total DDCP units after grant 133,405.317 units Director’s directly held DDCP stock units following transaction

Conversion/exercise price $0.00 No exercise price; payout occurs after retirement per DDCP

Underlying common shares 1,754.633 shares Underlying PPL common stock corresponding to new DDCP units

Key Terms

Stock Unit (DDCP), Directors Deferred Compensation Plan (DDCP), underlying securities

3 terms

Stock Unit (DDCP) financial

"The security title for the transaction is listed as "Stock Unit (DDCP)" tied to common stock."

Directors Deferred Compensation Plan (DDCP) financial

"Under the terms of the Directors Deferred Compensation Plan (DDCP), payout of the underlying securities will occur following retirement."

underlying securities financial

"Payout of the underlying securities will occur following a director's retirement under the plan."

FAQ

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

What insider transaction did PPL (PPL) director Armando Zagalo De Lima report?

PPL director Armando Zagalo De Lima reported receiving 1,754.633 Stock Units under the Directors Deferred Compensation Plan. These derivative units track PPL common stock value and represent a compensation-related award, not an open-market share purchase or sale, and will be settled following his retirement.

How many PPL deferred stock units does Armando Zagalo De Lima hold after this Form 4?

After the reported award, Armando Zagalo De Lima directly holds 133,405.317 Stock Units under PPL’s Directors Deferred Compensation Plan. This figure aggregates prior awards plus the new 1,754.633-unit grant and includes additional units credited through the reinvestment of dividends over time.

What are PPL Stock Units (DDCP) granted to the director on this Form 4?

The Stock Units (DDCP) are bookkeeping entries under PPL’s Directors Deferred Compensation Plan that mirror PPL common stock. The July 1 grant covers 1,754.633 units, each corresponding to one underlying common share, at a disclosed reference price of $35.62 per unit for reporting purposes.

When will the PPL DDCP stock units granted to the director be paid out?

Under the terms of PPL’s Directors Deferred Compensation Plan, payout of the underlying securities associated with these stock units occurs following the director’s retirement. This means the 1,754.633 units reported will convert into common stock only after his board service ends as defined by the plan.

Does this PPL Form 4 show an open-market stock purchase or sale by the director?

The Form 4 does not show an open-market trade; it reports a grant coded as “A” for acquisition. The 1,754.633 Stock Units are a compensation-related award under the deferred compensation plan rather than shares bought or sold on the public market.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 07/02/2026 - 05:52 PM EDT

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)
07/01/2026

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⁾	07/01/2026		A		1,754.633		⁽¹⁾	⁽¹⁾	Common Stock	1,754.633	$35.62	133,405.317⁽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	07/02/2026
	** 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