What are David Bonenberger’s direct PPL (PPL) share holdings after the Form 4 transactions?

Following the reported equity transactions, David J. Bonenberger directly holds 71,961.252 PPL common shares. This balance reflects the net effect of the 216.511-share stock unit conversion and the 95-share tax withholding described in the Form 4.

PPL EVP Bonenberger exercises 216 stock units

Q: 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.

Q: How many PPL (PPL) shares were withheld for taxes in Bonenberger’s filing?

The company withheld 95 common shares at $38.75 per share to satisfy tax obligations tied to the vesting event. This is classified as a tax-withholding disposition, not an open-market sale, and is a standard mechanism for covering equity award taxes.

Q: 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.

Q: 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.

Q: 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.

PPL Corp executive David J. Bonenberger, EVP & COO-Utilities, reported routine equity compensation activity involving company common stock.

Filing Impact

(Neutral)

Filing Sentiment

(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

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.

Insider Trade Summary 10b5-1

216.511 shares exercised/converted

Exercise 5 txns

Insider Bonenberger David J

Role EVP & COO-Utilities

Type	Security	Shares	Price	Value
Exercise	Stock Unit (SIP)	216.511	$0.00	$0.00
Exercise	Common Stock	216.511	$38.75	$8K
Exercise Price or Tax Liability	Common Stock	95	$38.75	$4K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Unit (SIP) — 0 contracts (Direct); Common Stock — 71,961.252 shares (Direct); Common Stock — 5,111.129 shares (Indirect, Held in trust pursuant to the Employee Stock Ownership Plan.); Common Stock — 100 shares (Indirect, By Spouse in IRA.)

Footnotes (3)

F1. Total includes the reinvestment of dividends.
F2. 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).
F3. 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

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

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.

How many PPL (PPL) shares were withheld for taxes in Bonenberger’s filing?

The company withheld 95 common shares at $38.75 per share to satisfy tax obligations tied to the vesting event. This is classified as a tax-withholding disposition, not an open-market sale, and is a standard mechanism for covering equity award taxes.

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.

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 04/28/2026 - 04:06 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^*

Bonenberger David J

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & COO-Utilities

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

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)
Common Stock	04/24/2026		M		216.511	A	$38.75	72,056.252⁽¹⁾	D
Common Stock	04/24/2026		F⁽²⁾		95	D	$38.75	71,961.252⁽¹⁾	D
Common Stock								5,111.129⁽¹⁾	I	Held in trust pursuant to the Employee Stock Ownership Plan.
Common Stock								100	I	By Spouse in IRA.

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 (SIP)	$0.00	04/24/2026		M			216.511⁽¹⁾	⁽³⁾	⁽³⁾	Common Stock	216.511⁽¹⁾	$0	0	D

Explanation of Responses:

1. Total includes the reinvestment of dividends.

2. 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).

3. 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).

	/s/ W. Eric Marr, as Attorney-In-Fact for David J. Bonenberger	04/28/2026
	** 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