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PPL Corp·4

Feb 2, 5:29 PM ET

Stark Wendy E 4

4 · PPL Corp · Filed Feb 2, 2026

Research Summary

AI-generated summary of this filing

Updated

PPL EVP & CLO Wendy Stark Exercises Options, Receives Awards

What Happened
Wendy E. Stark, Executive Vice President & Chief Legal Officer of PPL Corp (PPL), exercised stock derivatives and received multiple restricted/performance awards under the company Stock Incentive Plan. On 01/29–01/30/2026 she acquired 48,138.524 shares via exercises at roughly $36.31 and $36.25 per share (aggregate cash value ≈ $1,747,730). The company withheld 18,413 shares to satisfy tax withholding obligations (cash value ≈ $668,497), leaving a net ~29,725.524 shares retained (net value ≈ $1,079,233). She also received several awards (RSUs/performance units) under the SIP (grants of 8,281; 16,561; and other unit grants noted in the filing).

Key Details

  • Transaction dates: 01/29/2026 and 01/30/2026; Form 4 filed 02/02/2026.
  • Exercise prices and amounts: 14,049 @ $36.31 ($510,119); 31,092 @ $36.31 ($1,128,951); 2,997.524 @ $36.25 ($108,660).
  • Tax withholding (F): 4,042 + 13,058 + 1,313 = 18,413 shares withheld (total ≈ $668,497).
  • Net shares retained from these exercises: ~29,725.524 shares (≈ $1.08M value).
  • Awards/grants: multiple SIP awards recorded (several grants of restricted stock units / performance units, e.g., 8,281 and 16,561 unit grants). Footnotes indicate certain performance awards were earned above target (e.g., 145.58% and 161.10%) and delivery net of withholding was completed 01/30/2026 (F11, F9).
  • Holdings reported after transactions: total restricted stock units beneficially owned = 23,942.739 (F4); total performance units beneficially owned = 117,408.191 (F6).
  • Transaction codes: M = exercise/conversion of derivative; F = shares withheld for tax withholding; A = award/grant. Tax-withholding by share surrender indicates a cashless-style settlement for the tax obligation (not an open-market sale).

Context

  • These transactions are primarily exercises/conversions and award deliveries (not open-market purchases or voluntary sales). The withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in insider sentiment.
  • Performance-based awards were determined by the People & Compensation Committee (measurement periods ending 12/31/2025); shares were delivered net of withholding on 01/30/2026 per the filing footnotes.

Note: This summary is factual and based on the Form 4 filing (Accession 0001193125-26-033899). It does not attempt to infer motivations behind the transactions.

Insider Transaction Report

Form 4
Period: 2026-01-29
PPL CorpPPL
Stark Wendy E
EVP & CLO
Transactions
  • Exercise/Conversion

    Common Stock

    2026-01-29$36.31/sh+14,049$510,119→ 80,728.79 total
  • Tax Payment

    Common Stock

    [F1]
    2026-01-29$36.31/sh−4,042$146,765→ 76,686.79 total
  • Exercise/Conversion

    Common Stock

    2026-01-29$36.31/sh+31,092$1,128,951→ 107,778.79 total
  • Tax Payment

    Common Stock

    [F1]
    2026-01-29$36.31/sh−13,058$474,136→ 94,720.79 total
  • Exercise/Conversion

    Common Stock

    2026-01-30$36.25/sh+2,997.524$108,660→ 97,718.314 total
  • Tax Payment

    Common Stock

    [F1]
    2026-01-30$36.25/sh−1,313$47,596→ 96,405.314 total
  • Award

    Stock Unit (SIP)

    [F2][F3][F4]
    2026-01-29+8,281→ 8,281 total
    → Common Stock (8,281 underlying)
  • Award

    Performance Stock Unit (SIP)

    [F5][F6]
    2026-01-29+16,561→ 16,561 total
    → Common Stock (16,561 underlying)
  • Award

    Performance Stock Unit (SIP)

    [F7][F6]
    2026-01-29+8,281→ 8,281 total
    → Common Stock (8,281 underlying)
  • Award

    Performance Stock Unit (SIP)

    [F8][F6]
    2026-01-29+8,281→ 8,281 total
    → Common Stock (8,281 underlying)
  • Exercise/Conversion

    Performance Stock Unit (SIP)

    [F9][F10][F6]
    2026-01-29−31,092→ 0 total
    → Common Stock (31,092 underlying)
  • Exercise/Conversion

    Performance Stock Unit (SIP)

    [F11][F10][F6]
    2026-01-29−14,049→ 0 total
    → Common Stock (14,049 underlying)
  • Exercise/Conversion

    Stock Unit (SIP)

    [F2][F10][F12]
    2026-01-30−2,997.524→ 5,996.077 total
    → Common Stock (2,997.524 underlying)
Footnotes (12)
  • [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]Total includes the reinvestment of dividends.
  • [F11]No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (145.58%) based on the Company's achievements of certain ESG-related metrics over a three-year performance period ending 12/31/2025. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/29/2026 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/30/2026.
  • [F12]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 8,281 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 23,942.739. This total includes the 01/25/2024 grant of 9665.662 restricted stock units, two-thirds of the 1/30/2025 grant, which totals 5,996.077, 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 01/29/2026 grant of 8,281 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 117,408.191. This total includes the 01/20/2023 grant of 9,650.243 performance units, the three 01/25/2024 grants of (a) 9,665.662, (b) 9,665.662, and (c) 19,330.253 performance units, the three 01/30/2025 grants of (a) 8,993.601, (b) 8,993.601, and (c) 17,986.169 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) 8,281, (b) 8,281, and (c) 16,561 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]No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), the underlying securities were earned (161.10%) based on the Company's performance relative to an industry peer group over a three-year performance period ending 12/31/2025. Determination of the percentage of the award earned was made by the People and Compensation Committee on 01/29/2026 and calculation of the underlying shares to be delivered, net of withholding, was completed on 01/30/2026.
Signature
/s/ W. Eric Marr, as Attorney-In-Fact for Wendy E. Stark|2026-02-02

Documents

1 file
  • 4
    ownership.xmlPrimary

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