Del Vecchio Dean A 4

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.