Stark Wendy E 4

What Happened

• Wendy E. Stark, Executive Vice President & Chief Legal Officer of PPL Corp (PPL), converted/exercised derivative awards into 9,650.243 shares on 2026-01-20 (recorded at $36.91/share, total value ~$356,190). The company withheld 3,002 shares to cover taxes (valued at ~$110,804). Footnotes indicate the units vested on 01/20/2026. Net new shares received by Stark after tax withholding were about 6,648.243.

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-21 (timely, next-business-day filing).
• Exercise/Conversion: 9,650.243 shares at $36.91 (total ~$356,190).
• Tax withholding: 3,002 shares at $36.91 (total ~$110,804) — shares were withheld by the company to satisfy tax obligations (F1).
• A derivative conversion line lists 9,650.243 shares @ $0.00 consistent with conversion/vesting of units (F3: units vested 01/20/2026).
• Shares owned after the transaction: not specified in the filing.

Context

• This appears to be a routine vesting/conversion event rather than an open-market buy or discretionary sale. The withholding of shares to cover taxes is a common, administrative outcome of vesting/exercise (often called a cashless or net-share settlement). Such transactions reflect award vesting and tax obligations and are not direct market purchases that necessarily signal a change in sentiment.