STOCK TITAN

PPL Corp (NYSE: PPL) officer units vest; 2,062 shares withheld for taxes

(High)
(Positive)
Form Type
4

Rhea-AI Filing Summary

PPL Corp reports that John R. Crockett III, President of a PPL subsidiary, converted 6,090.2290 Stock Incentive Plan units into an equal number of common shares on January 20, 2026, when the units vested.

To cover taxes, 2,062 common shares were withheld by the company at $36.9100 per share. After these transactions, he directly holds 27,677.744 shares of PPL common stock.

Positive

  • None.

Negative

  • None.
Insider Crockett John R III
Role President of a PPL Subsidiary
Type Security Shares Price Value
Exercise Stock Unit (SIP) 6,090.229 $0.00 $0.00
Exercise Common Stock 6,090.229 $36.91 $225K
Exercise Price or Tax Liability Common Stock 2,062 $36.91 $76K
Holdings After Transaction: Stock Unit (SIP) — 0 shares (Direct); Common Stock — 27,677.744 shares (Direct)
Footnotes (3)
  1. F1. 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. F2. Total includes the reinvestment of dividends.
  3. F3. The units vested on 01/20/2026.
Stock units converted 6090.2290 shares Stock Unit (SIP) converted into common stock on 01/20/2026
Shares withheld for taxes 2062.0000 shares Common shares withheld to pay taxes at $36.9100 per share
Per-share valuation price $36.9100 per share Price used for common stock entries on 01/20/2026
Post-transaction holding 27,677.744 shares Direct PPL common stock holding after these transactions
Stock Unit (SIP) financial
"security_title: Stock Unit (SIP)"
Stock Incentive Plan (SIP) financial
"under the terms of the Stock Incentive Plan (SIP)."
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vested financial
"The units vested on 01/20/2026."

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

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FAQ

What did PPL (PPL) disclose about John R. Crockett III's stock units?

John R. Crockett III converted 6,090.2290 Stock Incentive Plan units into common stock on January 20, 2026. Footnotes note that these units included reinvested dividends and that they vested on that date under PPL’s Stock Incentive Plan.

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

PPL reports that 2,062 common shares were withheld to pay taxes, valued at $36.9100 per share. The footnote explains this withholding was done at the executive’s request under the Stock Incentive Plan following the vesting of the units.

What is John R. Crockett III's PPL (PPL) stock holding after this transaction?

After the reported transactions, John R. Crockett III directly holds 27,677.744 PPL common shares. This post-transaction balance reflects the vested shares and the shares withheld for taxes as reported in the Form 4 and the canonical holdings data.

Was the PPL (PPL) Form 4 transaction a market sale or tax withholding event?

The Form 4 shows a tax-withholding disposition coded "F", meaning shares were withheld by PPL to satisfy tax obligations. There is no indication of an open-market sale; the activity is tied to the vesting and conversion of Stock Incentive Plan units.

When did the Stock Incentive Plan units vest for PPL (PPL)?

A footnote states that the Stock Incentive Plan units vested on January 20, 2026. On that same date, the vested units were converted into common stock, and a portion of the shares was withheld by PPL to cover associated tax liabilities.
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).
X
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*
Crockett John R III

(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)
President of a PPL Subsidiary
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 6,090.229 A $36.91 29,739.744 D
Common Stock 01/20/2026 F(1) 2,062 D $36.91 27,677.744 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) $0.00 01/20/2026 M 6,090.229(2) (3) (3) Common Stock 6,090.229(2) $0.00 0 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. Total includes the reinvestment of dividends.
3. The units vested on 01/20/2026.
/s/ W. Eric Marr, as Attorney-In-Fact for John R Crockett III 01/21/2026
** 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.