Gosman Angela K 4

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.