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PPL Corp·4

Feb 2, 5:35 PM ET

Gosman Angela K 4

4 · PPL Corp · Filed Feb 2, 2026

Research Summary

AI-generated summary of this filing

Updated

PPL EVP/CHRO Angela Gosman Exercises Options, Receives Awards

What Happened

  • Angela K. Gosman, EVP and Chief Human Resources Officer of PPL, exercised and converted derivative awards on Jan 29–30, 2026 and received newly-granted performance and restricted stock units.
  • Aggregated cash exercises: ~28,906.583 shares acquired at exercise prices around $36.25–$36.31 for a total cash value of about $1,049,470. To satisfy tax withholding, the company withheld/surrendered ~9,550 shares (value ≈ $346,704).
  • Gosman also received new awards on 01/29/2026 (a combination of performance units and restricted stock units — the grant lines total 30,950 units listed), including performance awards that were earned above target per the filing (see footnotes).

Key Details

  • Transaction dates & prices: 01/29/2026 and 01/30/2026. Exercises recorded at $36.31 and $36.25 per share; tax-withheld shares reported under code F.
  • Shares acquired by cash exercise: ~28,906.583 shares (total cash paid ≈ $1.05M).
  • Shares surrendered for taxes (F): ~9,550 shares (value ≈ $346,704).
  • New awards: performance grants of 6,190 / 6,190 / 12,380 (total 24,760 performance units) and at least one 6,190 restricted stock unit grant (filing lists multiple 6,190 items; total awards shown in the filing = 30,950 units across grants).
  • Holdings after report (as disclosed): restricted stock units = 18,275.822 RSUs; performance units = 87,378.126 PUs (as of 02/02/2026; see footnotes F4 & F6).
  • Notable footnotes: F1 (shares withheld to pay taxes); F11 & F9 (certain performance awards earned above target — 145.58% and 161.10% — with committee determinations made 01/29/2026 and net-delivery calculations completed 01/30/2026); F3/F12 (vesting schedules for RSUs).
  • Filing: Form 4 filed 02/02/2026 for transactions dated 01/29–01/30/2026. (The filing came a few days after the earliest transactions; see filing date vs. transaction dates.)

Context

  • These were not open-market purchases or sales for investment — they were derivative exercises and routine compensation deliveries. The surrender of shares labeled F indicates shares were withheld to cover taxes (common in cashless exercises/settlements).
  • Performance-unit conversions reflect the company’s measured performance vs. targets (committee-determined percentages noted in footnotes). Such award-related conversions and tax-withholdings are standard compensation events and do not necessarily signal the insider’s personal view on the stock.

Insider Transaction Report

Form 4
Period: 2026-01-29
PPL CorpPPL
Gosman Angela K
EVP and CHRO
Transactions
  • Exercise/Conversion

    Common Stock

    2026-01-29$36.31/sh+8,331$302,499→ 40,760.324 total
  • Tax Payment

    Common Stock

    [F1]
    2026-01-29$36.31/sh−2,441$88,633→ 38,319.324 total
  • Exercise/Conversion

    Common Stock

    2026-01-29$36.31/sh+18,437$669,447→ 56,756.324 total
  • Tax Payment

    Common Stock

    [F1]
    2026-01-29$36.31/sh−6,161$223,706→ 50,595.324 total
  • Exercise/Conversion

    Common Stock

    2026-01-30$36.25/sh+2,138.583$77,524→ 52,733.907 total
  • Tax Payment

    Common Stock

    [F1]
    2026-01-30$36.25/sh−948$34,365→ 51,785.907 total
  • Award

    Stock Unit (SIP)

    [F2][F3][F4]
    2026-01-29+6,190→ 6,190 total
    → Common Stock (6,190 underlying)
  • Award

    Performance Stock Unit (SIP)

    [F5][F6]
    2026-01-29+12,380→ 12,380 total
    → Common Stock (12,380 underlying)
  • Award

    Performance Stock Unit (SIP)

    [F7][F6]
    2026-01-29+6,190→ 6,190 total
    → Common Stock (6,190 underlying)
  • Award

    Performance Stock Unit (SIP)

    [F8][F6]
    2026-01-29+6,190→ 6,190 total
    → Common Stock (6,190 underlying)
  • Exercise/Conversion

    Performance Stock Unit (SIP)

    [F9][F10][F6]
    2026-01-29−18,437→ 0 total
    → Common Stock (18,437 underlying)
  • Exercise/Conversion

    Performance Stock Unit (SIP)

    [F11][F10][F6]
    2026-01-29−8,331→ 0 total
    → Common Stock (8,331 underlying)
  • Exercise/Conversion

    Stock Unit (SIP)

    [F2][F10][F12]
    2026-01-30−2,138.583→ 4,279.23 total
    → Common Stock (2,138.583 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 1/30/2025 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 6,190 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 18,275.822. This total includes the 01/25/2024 grant of 7,806.592 restricted stock units, two-thirds of the 1/30/2025 grant, which totals 4,279.230, 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 6,190 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 87,378.126. This total includes the 01/20/2023 grant of 5,722.601 performance units, the three 01/25/2024 grants of (a) 7,806.592, (b) 7,806.592, and (c) 15,612.119 performance units, the three 01/30/2025 grants of (a) 6,417.813, (b) 6,417.813, and (c) 12,834.596 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) 6,190, (b) 6,190, and (c) 12,380 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 Angela K. Gosman|2026-02-02

Documents

1 file
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    ownership.xmlPrimary

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