PPL SEC Filings

PPL Corp director Heather B. Redman acquired 1,161.52 stock units under the company's Directors Deferred Compensation Plan (DDCP) on 10/01/2025. Those units represent an entitlement to common stock that will be paid out following the director's retirement; no exercise or conversion price applies. The filing shows the Director now beneficially owns 24,717.983 shares in total, which the filer notes includes the reinvestment of dividends. The transaction was reported on a Form 4 and was filed individually by the reporting person.

PPL Corporation filed an 8-K reporting it has petitioned the state Public Utility Commission (PUC) in Docket No. R-2025-3057164 to raise rates. The company requested an annual base rate distribution revenue increase of approximately $356 million, equal to about 8.6% of current annual revenue, based on a fully projected future test year of July 1, 2026 through June 30, 2027. The petition asks for an authorized return on equity of 11.3%. PPL states it cannot predict the proceeding outcome and expects a PUC ruling in the second quarter of 2026.

John R. Crockett III, an officer and president of a PPL subsidiary, reported the sale of 15,791 shares of PPL common stock on 08/27/2025 at a price of $36.56 per share. The filing states the sale was made pursuant to a 10b5-1 plan dated May 29, 2025. After the reported transaction the filing shows 23,649.515 shares beneficially owned (direct). The Form 4 was signed by an attorney-in-fact on 08/28/2025. No other transactions or derivative holdings are reported in this filing.

PPL Corporation (PPL) Form 144 notice: An insider notified the sale of 15,791 common shares on the NYSE, with an aggregate market value of $577,318.96, scheduled approximately for 08/27/2025. The shares were acquired through restricted stock vesting in three tranches: 10,116 shares on 01/25/2024, 976 shares on 01/27/2025, and 4,699 shares on 02/13/2025, each recorded as compensation. The filing reports no securities sold by the reporting person in the prior three months and includes the standard attestation that the seller is not aware of undisclosed material adverse information.

PPL Corporation subsidiaries Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) each issued $700,000,000 aggregate principal amount of 5.850% First Mortgage Bonds due August 15, 2055. The bonds were issued under each company’s existing indenture and are secured by a lien on substantially all of the companies’ real and tangible personal property in Kentucky used in electricity (and, for LG&E, certain gas) operations. Each company intends to use net proceeds to repay specific maturing 3.300% Series First Mortgage Bonds due October 1, 2025 (LG&E: $300 million; KU: $250 million), to repay short-term debt and for general corporate purposes. Supplemental indentures dated August 1, 2025 and officers’ certificates dated August 13, 2025 are filed as exhibits.

PPL Corporation entered into forward contracts on August 8 and August 11, 2025 to sell an aggregate of 27.4 million shares of common stock at a blended initial forward price of approximately $35.90 per share, with expected net proceeds of approximately $984 million before adjustments for daily interest-rate changes, third-party stock loan fees and expected dividends. The contracts were executed through PPL's at-the-market equity distribution program established in February 2025 and are classified as equity transactions.

The two new forwards, each about $500 million, must be settled on or before December 30, 2026 and August 11, 2027, respectively. These add to roughly $400 million of earlier forwards settling by December 30, 2025, bringing total forward contracts since February 2025 to about $1.4 billion settling through August 2027, which PPL says derisks a significant portion of a previously disclosed approximately $2.5 billion expected equity need through 2028. PPL may elect physical, net share or net cash settlement.

Vincent Sorgi, President and CEO of PPL Corporation, filed a Form 4 reporting changes in his PPL common stock holdings. The filing lists a transaction dated 08/08/2025 with transaction code G and shows 16,498 shares associated with the reported transaction and a post-transaction direct beneficial ownership figure of 472,720.808 shares. The record also shows 175.643 shares held indirectly in a trust under the Employee Stock Ownership Plan. The filing notes that totals include reinvestment of dividends and was signed by an attorney-in-fact on 08/11/2025.

PPL Electric Utilities Corporation entered into an underwriting agreement and sold $500,000,000 of First Mortgage Bonds, 5.55% Series due 2055, issued under its Indenture on August 11, 2025. The Bonds are secured by the lien of the Indenture, which creates a lien on substantially all of PPL Electric's distribution properties and certain transmission properties, subject to exceptions and exclusions described in the Indenture. Net proceeds will be used to repay short-term debt and for general corporate purposes. The offering was made under PPL Electric's Form S-3 registration statement and related documents are filed as exhibits to the report.

State Street Corporation reported beneficial ownership of 37,376,575 shares of PPL Corporation common stock, representing 5.1% of the class. The filing shows no sole voting or dispositive power and discloses shared voting power of 25,076,183 and shared dispositive power of 37,373,667, indicating the holdings are managed across multiple accounts rather than controlled unilaterally.

The statement lists several State Street Global Advisors entities as investment-adviser subsidiaries that hold the securities on behalf of clients and affirms the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.