Henninger Tadd J 4

What Happened

• Tadd J. Henninger, SVP‑Finance and Treasurer of PPL Corp (PPL), exercised vested derivative units/options on 2026-01-20 resulting in 2,226.809 shares valued at $36.91 each (gross ~$82,192). To satisfy tax withholding, 759 shares were withheld by the company (disposed) at the same $36.91 rate for approximately $28,015. The vesting date for the units was 01/20/2026.

Key Details

• Transaction date: 2026-01-20; filing date: 2026-01-21.
• Exercise: 2,226.809 shares at $36.91 (acquired), total value ~$82,192.
• Tax withholding: 759 shares withheld at $36.91 (disposed) to cover taxes, ~$28,015.
• Net shares retained from this event: 2,226.809 − 759 = 1,467.809 shares.
• Footnotes: F2 — shares were 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; F1 notes totals include reinvestment of dividends (as reported).
• The Form 4 was filed the day after the transaction; no late filing flag indicated.

Context

• This was an option/unit exercise with partial cashless settlement (share withholding to cover taxes), not an open‑market sale. Exercises and withholding for taxes are common following vesting and do not by themselves indicate a buying or selling opinion. The filing shows the mechanics of converting vested awards into shares and withholding shares for tax obligations.