Beers Marlene C 4

What Happened

• Marlene C. Beers, Vice President and Controller of PPL Corporation, exercised/converted derivative awards that resulted in the acquisition of 2,165.907 shares at an effective price/value of $36.91 per share (total ~ $79,944). To cover tax withholding, 738 shares were surrendered/withheld at $36.91 per share (total ~ $27,240). The filing also shows a derivative conversion entry (2,165.907 units) reflecting the conversion/vesting of units into shares.

Key Details

• Transaction dates: 01/20/2026 (reported on Form 4 filed 01/21/2026).
• Acquired: 2,165.907 shares at $36.91 — value ≈ $79,944.
• Disposed (tax withholding): 738 shares at $36.91 — value ≈ $27,240.
• Derivative conversion: 2,165.907 units shown converted/disposed at $0.00 (reflects conversion/vesting).
• Footnotes: F1 — shares withheld by the company at the officer’s request to pay taxes under the Stock Incentive Plan; F3 — the units vested on 01/20/2026.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Timeliness: Form 4 was filed the next day (01/21/2026) for the 01/20/2026 transaction — within the normal Form 4 reporting window.

Context

• This was an exercise/conversion of company awards (derivatives/units) with a portion of shares withheld to satisfy tax obligations — a common, routine outcome when restricted/share units vest or options are exercised.
• The withholding of shares to pay taxes is not a market sale signal; purchases (net new cash outlay) are generally a stronger bullish indicator than exercises followed by withholding.