Martin Christine M 4

What Happened

Christine M. Martin, President of a PPL subsidiary, had 1,784 units vest on January 20, 2026 and those units converted into 1,784 shares of PPL common stock valued at $36.91 each (total ~$65,847). To satisfy tax withholding obligations, 603 of those shares were withheld/disposed (603 × $36.91 = ~$22,257), leaving a net delivery of 1,181 shares to Martin (net value ≈ $43,590.71).

Key Details

• Transaction date: 2026-01-20; Form 4 filed 2026-01-21 (appears timely).
• Conversion/exercise: 1,784 shares credited at $36.91 (total ~$65,847).
• Tax withholding: 603 shares withheld/disposed at $36.91 (total ~$22,257).
• Net shares received: 1,181 shares (1,784 − 603), net value ≈ $43,590.71.
• Relevant footnotes:
  • F2: Shares withheld by the company at the executive’s request to pay taxes under the Incentive Compensation Plan for Key Employees (ICPKE).
  • F3: The units vested on 01/20/2026.
  • F1: Total includes reinvestment of dividends (as applicable).
• Shares owned after the transaction: not specified in the provided excerpt.

Context

• This filing reflects the vesting/conversion of incentive units (derivative/RSU-like award) rather than an open-market purchase or discretionary sale.
• The withholding of shares to cover taxes is a routine administrative step and not a market sale decision by the insider.
• No indication of a 10% owner or a 10b5-1 plan in the provided details.