PPL (PPL) director receives 1,140 deferred stock units under compensation plan

Rhea-AI Filing Summary

PPL Corp director Madabhushi Venkata R received a grant of 1,140.214 stock units under the company’s Directors Deferred Compensation Plan (DDCP). These units are tied to PPL common stock at a reference value of $38.37 per share and represent deferred compensation rather than an open-market purchase.

Under the DDCP, there is no exercise price; payout of the underlying securities occurs after the director’s retirement. Following this award, the director holds a total of 95,402.629 stock units, which the disclosure notes includes the reinvestment of dividends.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Madabhushi Venkata R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Unit (DDCP)	1,140.214	$38.37	$44K

Holdings After Transaction: Stock Unit (DDCP) — 95,402.629 shares (Direct)

Footnotes (1)

1. No conversion or exercise price applies as, under the terms of the Directors Deferred Compensation Plan (DDCP), payout of the underlying securities will occur following a director's retirement. Total includes the reinvestment of dividends.

Key Figures

Stock units granted: 1,140.214 units Reference price per share: $38.37 per share Total units after transaction: 95,402.629 units +1 more

4 metrics

Stock units granted 1,140.214 units DDCP award on 2026-04-01

Reference price per share $38.37 per share Value used for DDCP stock units

Total units after transaction 95,402.629 units DDCP balance including dividend reinvestment

Underlying security shares 1,140.214 shares Common stock underlying new stock units

Key Terms

Directors Deferred Compensation Plan (DDCP), Stock Unit (DDCP), reinvestment of dividends

3 terms

Directors Deferred Compensation Plan (DDCP) financial

"under the terms of the Directors Deferred Compensation Plan (DDCP), payout of the underlying securities will occur"

Stock Unit (DDCP) financial

"security_title": "Stock Unit (DDCP)""

reinvestment of dividends financial

"Total includes the reinvestment of dividends."

Form 4 Insider Transactions: What Each Field Means →

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^*

Madabhushi Venkata R

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price

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 (DDCP)	(1)	04/01/2026		A		1,140.214		(1)	(1)	Common Stock	1,140.214	$38.37	95,402.629(2)	D

Explanation of Responses:

1. No conversion or exercise price applies as, under the terms of the Directors Deferred Compensation Plan (DDCP), payout of the underlying securities will occur following a director's retirement.

2. Total includes the reinvestment of dividends.

	/s/ W. Eric Marr, as Attorney-In-Fact for Venkata R. Madabhushi	04/02/2026
	** 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)

FAQ

What insider transaction did PPL (PPL) report for Madabhushi Venkata R?

PPL reported that director Madabhushi Venkata R received a grant of 1,140.214 stock units under the Directors Deferred Compensation Plan. The units are linked to PPL common stock at $38.37 per share as part of deferred board compensation, not an open-market stock purchase.

Is the PPL (PPL) Form 4 transaction a stock purchase or compensation grant?

The Form 4 shows a compensation-related grant, not a market purchase. The director acquired 1,140.214 stock units under PPL’s Directors Deferred Compensation Plan, classified as a grant or award acquisition, with payout of the underlying securities occurring after retirement under the plan’s terms.

How many PPL-linked units does the director hold after this Form 4 grant?

After the grant, the director holds 95,402.629 stock units linked to PPL common stock. The filing specifies this total includes reinvestment of dividends, indicating a long-standing deferred compensation balance that grows as dividends are credited back into additional units over time.

What are the key terms of the PPL Directors Deferred Compensation Plan (DDCP)?

Under the DDCP, directors receive stock units tied to PPL common stock, with no conversion or exercise price. According to the filing, payout of the underlying securities occurs after a director’s retirement, and totals disclosed include the reinvestment of dividends credited into additional units.

Does the PPL (PPL) Form 4 involve options or an exercise price?

The transaction does not involve options or an exercise price. The filing states no conversion or exercise price applies because the award is in stock units under the Directors Deferred Compensation Plan, with underlying securities paid out only following the director’s retirement from PPL’s board.