PPL Corp (NYSE: PPL) COO exercises stock units as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPL Corp executive David J. Bonenberger, EVP & COO-Utilities, reported routine equity compensation activity involving company common stock. On April 24, 2026, he exercised 216.511 stock units under the Stock Incentive Plan (SIP) into common shares at $38.75 per share, converting a derivative award into direct ownership.
To cover taxes from the vesting, 95 shares were withheld by the company at his request at the same $38.75 price, a tax-withholding disposition rather than an open-market sale. After these transactions, he directly holds 71,961.252 common shares.
The filing also shows indirect holdings of 100 shares by his spouse in an IRA and 5,111.129 shares held in trust through the Employee Stock Ownership Plan. Footnotes note that the 216.511 units represent the first installment of a 649.535-unit restricted stock grant from April 25, 2025, with further installments scheduled to vest in 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
216.511 shares exercised/converted
Mixed
5 txns
Insider
Bonenberger David J
Role
EVP & COO-Utilities
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Unit (SIP) | 216.511 | $0.00 | -- |
| Exercise | Common Stock | 216.511 | $38.75 | $8K |
| Tax Withholding | Common Stock | 95 | $38.75 | $4K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Unit (SIP) — 0 shares (Direct, null);
Common Stock — 72,056.252 shares (Direct, null);
Common Stock — 5,111.129 shares (Indirect, Held in trust pursuant to the Employee Stock Ownership Plan.)
Footnotes (1)
- Total includes the reinvestment of dividends. 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). The units vested on 04/24/2026 as the first installment of the restricted stock units granted on 04/25/2025. The remainder of the total grant of 649.535 restricted stock units will vest in two subsequent installments on 04/25/2027 (216.511 shares) and 04/25/2028 (216.513 shares).
Key Figures
Stock units exercised: 216.511 shares at $38.75
Shares withheld for taxes: 95 shares at $38.75
Direct common shares after transaction: 71,961.252 shares
+5 more
8 metrics
Stock units exercised
216.511 shares at $38.75
Stock Incentive Plan units converted to common stock on April 24, 2026
Shares withheld for taxes
95 shares at $38.75
Tax-withholding disposition to cover equity award taxes
Direct common shares after transaction
71,961.252 shares
Direct PPL common stock holdings following Form 4 transactions
Indirect ESOP holdings
5,111.129 shares
Held in trust under Employee Stock Ownership Plan
Spouse IRA holdings
100 shares
Indirect ownership via spouse’s IRA account
Total RSU grant
649.535 units
Restricted stock units granted on April 25, 2025
Future RSU vest 2027
216.511 units
Scheduled vesting installment on April 25, 2027
Future RSU vest 2028
216.513 units
Scheduled vesting installment on April 25, 2028
Key Terms
Stock Incentive Plan (SIP), restricted stock units, Employee Stock Ownership Plan, tax-withholding disposition, +1 more
5 terms
Stock Incentive Plan (SIP) financial
"under the terms of the Stock Incentive Plan (SIP)."
restricted stock units financial
"The units vested on 04/24/2026 as the first installment of the restricted stock units granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Ownership Plan financial
"Held in trust pursuant to the Employee Stock Ownership Plan."
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transaction did PPL (PPL) executive David Bonenberger report?
David J. Bonenberger reported exercising 216.511 stock units under PPL’s Stock Incentive Plan at $38.75 per share. These units converted into common stock, increasing his direct equity exposure as part of routine compensation-related activity disclosed in the Form 4 filing.
What indirect PPL (PPL) holdings are reported for David Bonenberger?
The filing lists 100 PPL shares held indirectly by his spouse in an IRA and 5,111.129 shares held in trust under the Employee Stock Ownership Plan. These positions are classified as indirect ownership interests associated with Bonenberger.
What is the size and vesting schedule of Bonenberger’s PPL restricted stock unit grant?
A grant of 649.535 restricted stock units was awarded on April 25, 2025. 216.511 units vested on April 24, 2026, with additional installments of 216.511 and 216.513 units scheduled to vest on April 25, 2027 and April 25, 2028, respectively.
How does the Form 4 classify PPL (PPL) tax withholding in Bonenberger’s transaction?
The Form 4 uses transaction code F for 95 shares, described as payment of tax liability by delivering securities. This is a tax-withholding disposition, meaning shares were withheld by the company rather than sold in the open market.