PPL Corp SEC Filings

BEATTIE ART P reported acquisition or exercise transactions in this Form 4 filing.

PPL Corp director Art P. Beattie reported a compensation-related grant of 1,445.817 Stock Units under the Directors Deferred Compensation Plan (DDCP) at a reference value of $35.62 per unit. Each unit represents the right to receive an equivalent number of PPL common shares after the director’s retirement, rather than immediate stock. Following this award and dividend reinvestment, Beattie now holds a total of 50,384.217 Stock Units under the plan.

PPL Corporation has elected veteran energy executive Kenneth M. Hartwick to its Board of Directors, effective July 1, 2026. He will serve on the Board’s People and Compensation Committee and Finance Committee and will receive the same compensation as other non-employee directors.

The Board determined that Hartwick meets its independence guidelines and the New York Stock Exchange independence rules. With his appointment, PPL’s Board will have 10 directors, including eight independent directors, an independent Chair and PPL’s president and chief executive officer.

Hartwick brings extensive utility and energy experience, including service as president and chief executive officer of Ontario Power Generation from 2019 to 2025, prior CFO and strategy roles there, and board roles at MYR Group Inc., Denison Mines Corp., the Independent Electricity System Operator of Ontario and the Investment Management Corporation of Ontario.

PPL Corp executive John Gregory Cornett, President of a PPL subsidiary, sold 7,051 shares of Common Stock in an open-market transaction at $35.56 per share on June 12, 2026. The sale was executed under a pre-arranged Rule 10b5-1 trading plan dated March 12, 2026, indicating it was scheduled in advance. After this transaction, he directly holds 7,768.93 PPL shares.

PPL affiliate submitted a Form 144 notice proposing sale of vested restricted common stock. The filing lists multiple restricted stock vesting events with specific share amounts and dates, including 592 shares (02/14/2022), 340 shares (02/14/2023), 440 shares (02/18/2024), 735 shares (01/27/2025), 4,413 shares (01/30/2025), and 531 shares (02/13/2025). The broker shown is Fidelity Brokerage Services LLC.

PPL Electric Utilities, a subsidiary of PPL Corporation, received approval to increase its annual base distribution revenue by approximately $275 million, effective July 1, 2026. The Pennsylvania Public Utility Commission approved a settlement that supports grid reliability investments and expanded customer assistance programs.

The decision will raise residential customer bills by 3.23%, including an estimated $6.48 per month increase for a typical 1,000 kWh residential bill. Commercial customers at 1,000 kWh / 3 kW will see a $4.08 monthly increase, and industrial customers at 150,000 kWh / 500 kW will see a $332.54 monthly increase.

The settlement creates a new large-load customer rate class with binding commitments of at least 10 years, helping ensure these users cover related infrastructure costs. Beginning in 2027, $11 million annually in low-income program assistance will be assigned to these large-load customers through a non-bypassable charge. PPL Electric will not increase base distribution rates for at least two years after implementation, marking its first base rate increase since 2016.

PPL Corporation reported that its wholly owned subsidiary, The Narragansett Electric Company (doing business as Rhode Island Energy), issued $400 million of 6.000% Senior Notes due May 15, 2056 in a private placement to qualified institutional buyers and certain non-U.S. persons under Regulation S. The notes are senior, unsecured obligations of the issuer, are not guaranteed by PPL or other subsidiaries, and pay interest semiannually each May 15 and November 15, starting November 15, 2026. Net proceeds were $396.3 million after discounts and commissions, and the issuer intends to use them to repay short-term debt incurred primarily for capital expenditures and general corporate purposes. The notes were issued under an existing base indenture and a seventh supplemental indenture that includes customary events of default and limited covenants, mainly restricting mergers, consolidations, or major asset sales.

PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, issued $500,000,000 of First Mortgage Bonds, 5.75% Series due May 15, 2056. The bonds were sold under an underwriting agreement with a syndicate led by MUFG Securities Americas, PNC Capital Markets, U.S. Bancorp Investments, and Wells Fargo Securities.

The bonds were issued under PPL Electric's 2001 Indenture, as supplemented, and are secured by a lien on substantially all of its distribution properties and certain transmission properties, subject to stated exceptions. PPL Electric plans to use the net proceeds to repay short-term debt and for general corporate purposes.

T. Rowe Price Investment Management, Inc. reports beneficial ownership of 20,715,906 shares of PPL CORP common stock, representing 2.8% of the class as disclosed for the period ending 03/31/2026. The filing states sole voting power of 19,500,688 shares and sole dispositive power of 20,715,906 shares. The filer affirms the filing should not be construed as an admission of beneficial ownership.

PPL Corporation reported results of its 2026 Annual Meeting of Shareowners held on May 13, 2026. Shareowners elected all nine director nominees, each receiving over 585 million votes in favor, with broker non-votes just over 69 million for each nominee.

Shareowners also approved, on an advisory basis, the 2025 compensation of the company’s named executive officers, with about 580,083,934 votes for and 18,747,637 against. They approved the PPL Corporation Second Amended and Restated 2012 Stock Incentive Plan, with 582,471,858 votes for, and ratified Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026, with 662,634,703 votes for.