PPL (PPL) CEO Vincent Sorgi makes bona fide gift of 33,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PPL Corp President and CEO Vincent Sorgi reported a Form 4 showing a bona fide gift of 33,000 shares of Common Stock on April 8, 2026. The gift was made at no stated price per share and reflects a non-market disposition.
After this gift, Sorgi directly holds 612,492.264 shares of PPL common stock. He also has an indirect holding of 179.638 shares held in trust pursuant to the Employee Stock Ownership Plan, where totals include the reinvestment of dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
33,000 shares gifted
Mixed
2 txns
Insider
Sorgi Vincent
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 33,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 612,492.264 shares (Direct);
Common Stock — 179.638 shares (Indirect, Held in trust pursuant to the Employee Stock Ownership Plan.)
Footnotes (1)
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Key Figures
Shares gifted: 33,000 shares
Direct holdings after transaction: 612,492.264 shares
Indirect ESOP holdings: 179.638 shares
+2 more
5 metrics
Shares gifted
33,000 shares
Bona fide gift of PPL common stock on April 8, 2026
Direct holdings after transaction
612,492.264 shares
PPL common stock directly held by Vincent Sorgi post-gift
Indirect ESOP holdings
179.638 shares
Held in trust under the Employee Stock Ownership Plan
Gift transaction price
$0.00 per share
Indicates non-cash bona fide gift disposition
Gift transactions count
1 transaction
Single bona fide gift coded G in Form 4
Key Terms
Bona fide gift, Employee Stock Ownership Plan, indirect holding
3 terms
Bona fide gift financial
"The transaction is coded as a bona fide gift of 33,000 shares."
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.
indirect holding financial
"He also has an indirect holding of 179.638 shares held in trust."
FAQ
What insider transaction did PPL (PPL) report for Vincent Sorgi?
PPL reported that President and CEO Vincent Sorgi made a bona fide gift of 33,000 shares of PPL common stock on April 8, 2026. This was a non-market transfer recorded on a Form 4 insider filing.
Was the PPL (PPL) CEO’s transaction a market sale or a gift?
The transaction was a bona fide gift, not a market sale. It is coded as a gift disposition with a per-share price of $0.00, meaning no cash changed hands and no open-market selling took place.
Does Vincent Sorgi have indirect PPL (PPL) holdings reported in this filing?
Yes. The filing shows 179.638 PPL common shares held indirectly in trust pursuant to the Employee Stock Ownership Plan. A footnote explains that this total includes the reinvestment of dividends over time.
What does the dividend reinvestment footnote mean for PPL (PPL) holdings?
The footnote states the total includes the reinvestment of dividends. This means some additional PPL shares accumulated automatically when dividends were reinvested, particularly in the Employee Stock Ownership Plan trust holdings.