PPL Corp (NYSE: PPL) officer units vest; 2,062 shares withheld for taxes
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 Trade Summary
Net Buyer: 4,028.229 shares
Net Buy
3 txns
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)
- 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).
- F2. Total includes the reinvestment of dividends.
- F3. The units vested on 01/20/2026.
Key Figures
Stock units converted: 6090.2290 shares
Shares withheld for taxes: 2062.0000 shares
Per-share valuation price: $36.9100 per share
+1 more
4 metrics
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
Key Terms
Stock Unit (SIP), Stock Incentive Plan (SIP), tax-withholding disposition, vested
4 terms
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.
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.
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.