[Form 4] PPL Corporation Insider Trading Activity

Rhea-AI Filing Summary

Public Storage filed a medium-length Form 8-K dated 30-Jul-2025.

Item 2.02: The company released its Q2 2025 earnings results via press release (Exhibit 99.1). Specific revenue, FFO and guidance figures are not included in this filing; investors must review the exhibit for details.

Item 5.02: The Board of Trustees expanded from 12 to 13 members and appointed Luke Petherbridge—current CEO of Link Logistics—as an independent trustee, effective immediately and serving until the 2026 AGM. He will join the Nominating, Governance & Sustainability Committee. Mr. Petherbridge received an initial equity award valued at $540,000 in AO LTIP units and will receive the standard non-employee trustee compensation package disclosed in the 2025 proxy statement.

Standard NYSE-listed share classes and senior note guarantees are reaffirmed, and routine emerging-growth-company and indemnification disclosures are provided.

Insights

Corporate Governance Expert

TL;DR: Board enlarged, adds seasoned logistics CEO; governance looks incrementally stronger.

The appointment of Luke Petherbridge brings deep industrial real-estate experience and global perspective. His independence satisfies NYSE requirements, and adding him to the Nominating, Governance & Sustainability Committee signals heightened attention to ESG oversight. The $540 k equity grant aligns incentives with shareholders and is immaterial to dilution. Overall, the action modestly improves board depth without obvious risks.

Securities Analyst

TL;DR: Filing signals earnings release but supplies no financials—impact modest until Exhibit 99.1 reviewed.

Because the 8-K references, but does not reproduce, Q2 2025 financial metrics, investors lack immediate data to adjust models. The governance change is positive but unlikely to affect valuation multiples near-term. I classify the disclosure as low-impact until earnings numbers are assessed.

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
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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^*

Bellar Lonnie E

(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)
	EVP-Eng, Constr and Gen

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2025

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	07/28/2025		M		1,735	A	$35.71	30,271	D
Common Stock	07/28/2025		F(1)		518	D	$35.71	29,753	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 (ICPKE)	$0.00	07/28/2025		M			1,735	(2)	(2)	Common Stock	1,735	$0	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 Incentive Compensation Plan for Key Employee (ICPKE).

2. The units vested on 7/28/2025.

	/s/ W. Eric Marr, as Attorney-In-Fact for Lonnie E. Bellar	07/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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