Earnings Feed
Start Free
|4Feb 2, 5:38 PM ET

Bonenberger David J 4

Research Summary

AI-generated summary

Updated

PPL (PPL) EVP David Bonenberger Exercises Options and Receives Awards

What Happened

  • David J. Bonenberger, EVP & COO—Utilities at PPL Corp, exercised stock-based derivatives and received performance/RSU awards tied to multi-year plans. On Jan 29–30, 2026 he exercised a total of 26,381.466 derivative shares (7,567; 16,746; 2,068.466) at prices around $36.25–$36.31, paying about $957,787 in exercise consideration. The company withheld 8,216 shares to cover taxes/exercise costs (cashless withholding), valued at about $298,269, leaving a net issuance of roughly 18,165.466 shares to him. He also was credited performance-based awards and RSUs (multiple grants recorded as $0 exercise price).

Key Details

  • Transaction dates/prices: Jan 29, 2026 (exercises at $36.31); Jan 30, 2026 (exercises at $36.25).
  • Exercise totals: 26,381.466 shares acquired for $957,787; 8,216 shares withheld for taxes ($298,269).
  • Grants/awards: Multiple performance awards/RSUs were granted/converted (entries at $0). Footnotes show performance awards were earned at elevated payout levels (e.g., 161.10% and 145.58%) and some RSUs vest on future dates.
  • Shares held after filing: Disclosed restricted stock units = 38,248.564 and performance units = 81,438.231 (as of 02/02/2026; see footnotes F5 & F7).
  • Withholding/tax treatment: Share withholding used to satisfy tax liabilities (code F / F2), i.e., cashless withholding rather than open-market sale.
  • Timeliness: Filing covers period of 01/29/2026 and was filed 02/02/2026 (no late filing flag indicated).

Context

  • This was primarily a routine compensation/vesting and exercise event (not an open-market purchase or a discretionary sale). The use of share withholding to cover taxes is common for option/RSU exercises and reduces the outstanding shares issued to the insider.
  • Performance awards were determined by the People and Compensation Committee based on multi-year company performance (see F10, F11) and some RSUs follow multi-year vesting schedules (see F4, F12). These are compensation-related transactions and do not necessarily signal a trading view by the insider.