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|4Feb 2, 5:40 PM ET

Beers Marlene C 4

4 · PPL Corp · Filed Feb 2, 2026

Research Summary

AI-generated summary of this filing

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PPL VP/Controller Marlene Beers Exercises Options & Receives Awards

What Happened

  • Marlene C. Beers, Vice President and Controller of PPL (PPL), exercised stock-settled derivative awards and received new awards under the company's Stock Incentive Plan. She exercised a total of 10,767.214 shares (3,154 @ $36.31; 6,977 @ $36.31; 636.214 @ $36.25) for a combined exercise-related value of about $390,920.
  • To satisfy tax withholding obligations related to these transactions, the company withheld 3,205 shares (1,013; 2,008; 184) with an aggregate withholding value of approximately $116,362.
  • In addition, Beers was granted performance and restricted stock units (awards recorded at $0.00) on 01/29/2026 — the filing shows performance/RSU grants (totaling several thousand units) delivered or credited per plan terms and committee determinations.

Key Details

  • Transaction dates and prices:
    • 01/29/2026: Exercises — 3,154 shares @ $36.31 ($114,522) and 6,977 shares @ $36.31 ($253,335). Grants (awards) recorded on 01/29/2026 at $0.00.
    • 01/30/2026: Exercise — 636.214 shares @ $36.25 ($23,063). Withholding dispositions on the same dates: 1,013; 2,008; and 184 shares (values ~$36,782; $72,910; $6,670 respectively).
  • Shares withheld for taxes: 3,205 shares (net-share settlement) — routine tax withholding under the Stock Incentive Plan (F1).
  • Shares/units reported beneficially owned after transactions:
    • Restricted stock units beneficially owned: 5,474.183 (includes prior grants and dividend equivalents) (F4).
    • Performance units beneficially owned: 26,605.395 (includes multiple grants and dividend equivalents) (F6).
  • Notable footnotes:
    • Some performance awards were earned at above-target levels (e.g., F11/F9 describe earned percentages tied to ESG and peer-group metrics; delivery net of withholding completed 01/30/2026).
    • One-third of a 01/30/2025 RSU grant vested on 01/30/2026 (F12); other grants vest in future years (F3).
  • Filing timeliness: Report filed 02/02/2026 for transactions dated 01/29–01/30/2026; filing is presented as timely (no lateness flag).

Context

  • These were exercises of plan awards and the grant/vesting of RSUs/performance units rather than open-market purchases or sales. The disposals shown are tax-withholding (F transactions), a common net-share settlement practice that does not necessarily signal trading intent.
  • For derivative-related items: “M” indicates exercise/conversion of derivative awards; “A” indicates awards/grants; “F” indicates shares withheld to pay exercise price or taxes.
  • The filings show performance awards tied to multi-year metrics (ESG, peer performance, earnings growth) with amounts determined by the People and Compensation Committee; vesting/delivery schedules and earned percentages are detailed in the footnotes.

Insider Transaction Report

Form 4
Period: 2026-01-29
PPL CorpPPL
Beers Marlene C
Vice President and Controller
Transactions
  • Exercise/Conversion

    Common Stock

    2026-01-29$36.31/sh+3,154$114,522→ 48,207.861 total
  • Tax Payment

    Common Stock

    [F1]
    2026-01-29$36.31/sh−1,013$36,782→ 47,194.861 total
  • Exercise/Conversion

    Common Stock

    2026-01-29$36.31/sh+6,977$253,335→ 54,171.861 total
  • Tax Payment

    Common Stock

    [F1]
    2026-01-29$36.31/sh−2,008$72,910→ 52,163.861 total
  • Exercise/Conversion

    Common Stock

    2026-01-30$36.25/sh+636.214$23,063→ 52,800.075 total
  • Tax Payment

    Common Stock

    [F1]
    2026-01-30$36.25/sh−184$6,670→ 52,616.075 total
  • Award

    Stock Unit (SIP)

    [F2][F3][F4]
    2026-01-29+1,759→ 1,759 total
    → Common Stock (1,759 underlying)
  • Award

    Performance Stock Unit (SIP)

    [F5][F6]
    2026-01-29+3,518→ 3,518 total
    → Common Stock (3,518 underlying)
  • Award

    Performance Stock Unit (SIP)

    [F7][F6]
    2026-01-29+1,759→ 1,759 total
    → Common Stock (1,759 underlying)
  • Award

    Performance Stock Unit (SIP)

    [F8][F6]
    2026-01-29+1,759→ 1,759 total
    → Common Stock (1,759 underlying)
  • Exercise/Conversion

    Performance Stock Unit (SIP)

    [F9][F10][F6]
    2025-01-29−6,977→ 0 total
    → Common Stock (6,977 underlying)
  • Exercise/Conversion

    Performance Stock Unit (SIP)

    [F11][F10][F6]
    2025-01-29−3,154→ 0 total
    → Common Stock (3,154 underlying)
  • Exercise/Conversion

    Stock Unit (SIP)

    [F2][F10][F12]
    2026-01-30−636.214→ 1,274.488 total
    → Common Stock (636.214 underlying)
Holdings

  • Common Stock

    (indirect: Has investment power over shares owned by family member.)
    1,500
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 1,759 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 5,474.183. This total includes the 01/25/2024 grant of 2,440.695 restricted stock units, two-thirds of the 01/30/2025 grant, which totals 1,274.488, 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 1,759 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 26,605.395. This total includes the 01/20/2023 grant of 2,165.907 performance units, the three 01/25/2024 grants of (a) 2,440.695, (b) 2,440.695, and (c) 4,880.321 performance units, the three 01/30/2025 grants of (a) 1,910.702, (b) 1,910.702, and (c) 3,820.373 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) 1,759, (b) 1,759, and (c) 3,518 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 Marlene C. Beers|2026-02-02

Documents

1 file
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    ownership.xmlPrimary

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