Del Vecchio Dean A 4
4 · PPL Corp · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
PPL EVP Dean Del Vecchio Exercises Options, Receives Awards
What Happened
Dean A. Del Vecchio, EVP and CTIO of PPL Corporation (PPL), exercised 2,887.191 derivative shares on 2026-01-30 at $36.25 per share (cash cost ~$104,661). The company withheld 1,236 shares to satisfy tax obligations (valued at ~$44,805), leaving a net of about 1,651.191 shares credited to him. Around 2026-01-29 he also received grants of restricted stock units and performance units under PPL’s Stock Incentive Plan.
Key Details
- Primary transactions: 01/30/2026 — exercised 2,887.191 shares @ $36.25 ($104,661); 01/30/2026 — 1,236 shares withheld for taxes @ $36.25 (~$44,805).
- Awards: 01/29/2026 grants include restricted stock units and performance units (see footnotes for grant sizing and vesting schedules).
- Shares/net position: net increase of ~1,651.191 shares from the exercise; as of 02/02/2026 Del Vecchio beneficially owns 54,595.389 restricted stock units and 119,761.959 performance units (per filing footnotes).
- Footnotes of note: F1 = shares withheld to pay taxes; F2–F4 = RSU conversion/vesting rules; F5–F8 = performance-unit payouts depend on multi-year performance metrics (determination in Jan 2029); F10 = one‑third of a 01/30/2025 RSU grant vested on 01/30/2026.
- Filing: Form 4 filed 02/02/2026 reporting transactions dated 01/29–01/30/2026 (no late filing indicator in the report).
Context
This was an option/derivative exercise and routine tax-withholding (common practice), not an open-market sale. The additional grants are time- and/or performance‑based awards that vest or pay out in future periods (some awards convert to shares at vesting; performance awards will be earned only if pre-set targets are met). These transactions are informational for investors but do not, by themselves, indicate the insider’s view on the stock.
Insider Transaction Report
Form 4
PPL CorpPPL
Del Vecchio Dean A
EVP and CTIO
Transactions
- Exercise/Conversion
Common Stock
2026-01-30$36.25/sh+2,887.191$104,661→ 2,887.191 total - Tax Payment
Common Stock
[F1]2026-01-30$36.25/sh−1,236$44,805→ 1,651.191 total - Award
Stock Unit (SIP)
[F2][F3][F4]2026-01-29+8,357→ 8,357 total→ Common Stock (8,357 underlying) - Award
Performance Stock Unit (SIP)
[F5][F6]2025-01-29+16,713→ 16,713 total→ Common Stock (16,713 underlying) - Award
Performance Stock Unit (SIP)
[F7][F6]2026-01-29+8,357→ 8,357 total→ Common Stock (8,357 underlying) - Award
Performance Stock Unit (SIP)
[F8][F6]2026-01-29+8,357→ 8,357 total→ Common Stock (8,357 underlying) - Exercise/Conversion
Stock Unit (SIP)
[F2][F9][F10]2026-01-30−2,887.191→ 5,776.444 total→ Common Stock (2,887.191 underlying)
Footnotes (10)
- [F1]Shares withheld by the company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Stock Incentive Plan (SIP).
- [F10]One-third of the 01/30/2025 grant of restricted stock units vested on 01/30/2026; the remaining thirds will vest on 01/30/2027 and 01/30/2028, respectively.
- [F2]No conversion or exercise price applies. Under the terms of the Stock Incentive Plan (SIP), a restricted stock unit converts to a share of common stock on the applicable vesting date.
- [F3]The total grant of 8,357 restricted stock units will vest in three equal installments on 01/29/2027, 01/29/2028, and 01/29/2029.
- [F4]As of 02/02/2026, total restricted stock units beneficially owned is 54,595.389. This total includes the two 02/19/2024 grants of (a) 30,046.042 and (b) 10,415.903 restricted stock units, two-thirds of the 1/30/2025 grant, which totals 5,776.444, plus in each case, the incremental addition of restricted stock units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such restricted stock units, and the 1/29/2026 grant of 8,357 restricted stock units.
- [F5]No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's performance relative to a peer group (determined by the Company's People and Compensation Committee as described in more detail in the Company's annual Proxy Statement on Schedule 14A), over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.
- [F6]As of 02/02/2026, total performance units beneficially owned is 119,761.959. This total includes the six 02/19/2024 grants of (a) 10,415.903, (b) 10,415.903, (c) 20,831.808, (d) 2,504.725, (e) 2,504.725, and (f) 5,008.384 performance units, the three 01/30/2025 grants of (a) 8,663.635, (b) 8,663.635, and (c) 17,326.241 performance units, plus in each case, the incremental addition of performance units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such performance units, and the three 01/29/2026 grants of (a) 8,357, (b) 8,357, and (c) 16,713, performance units.
- [F7]No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's earnings growth over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.
- [F8]No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's achievement of certain long-term sustainability-related metrics over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029.
- [F9]Total includes the reinvestment of dividends.
Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Dean A. Del Vecchio|2026-02-02