PPL Corp (NYSE: PPL) executive reports SIP vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPL Corp executive John R. Crockett III reported stock-based compensation activity involving common stock on 01/20/2026. A total of 6,090.229 stock units granted under the Stock Incentive Plan (SIP) vested and were converted into 6,090.229 shares of PPL common stock at an exercise price of $0.00 per unit. These new shares were acquired at a market price of $36.91 per share, increasing his directly held common stock to 29,739.744 shares.
On the same date, 2,062 shares of common stock were withheld by the company at Crockett’s request to cover taxes due upon the expiration of the restriction period, also valued at $36.91 per share. After this tax withholding, Crockett directly owned 27,677.744 shares of PPL common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,090.229 shares exercised/converted
Mixed
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 | -- |
| Exercise | Common Stock | 6,090.229 | $36.91 | $225K |
| Tax Withholding | Common Stock | 2,062 | $36.91 | $76K |
Holdings After Transaction:
Stock Unit (SIP) — 0 shares (Direct);
Common Stock — 29,739.744 shares (Direct)
Footnotes (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). Total includes the reinvestment of dividends. The units vested on 01/20/2026.
FAQ
What insider transactions did PPL (PPL) report for John R. Crockett III?
On 01/20/2026, John R. Crockett III reported the vesting of 6,090.229 Stock Incentive Plan units into 6,090.229 shares of PPL common stock at an exercise price of $0.00 per unit, followed by a share withholding to cover taxes.
What is the role of John R. Crockett III at PPL (PPL)?
John R. Crockett III is reported as an officer of PPL Corp, serving as President of a PPL Subsidiary, according to the Form 4 filing.
What is the Stock Incentive Plan (SIP) mentioned in the PPL Form 4?
The Stock Incentive Plan (SIP) referenced in the Form 4 is a program under which executives receive stock units that can vest into shares of PPL common stock. The filing notes that total units included reinvested dividends and that the units vested on 01/20/2026.
Were the PPL insider transactions open-market sales?
The Form 4 shows a vesting and conversion of Stock Incentive Plan units into PPL common stock (code M) and a company share withholding for taxes (code F). The tax-related withholding is described as shares withheld by the company at the executive’s request, rather than an open-market sale.