DE LIMA ARMANDO ZAGALO 4

What Happened

• Director Armando Zagalo received a derivative award (transaction code A) under PPL Corp's Directors Deferred Compensation Plan on April 1, 2026. The award totals 1,628.877 shares at a reporting value of $38.37 per share, for a stated total of $62,500. This was an award/acquisition under a deferred compensation arrangement, not an open-market purchase.

Key Details

• Transaction date: 2026-04-01; filed with the SEC: 2026-04-02 (timely filing).
• Amount: 1,628.877 shares; price used for reporting: $38.37; reported value: $62,500.
• Transaction type: A — Grant/award (derivative interest under the Directors Deferred Compensation Plan).
• Shares owned after transaction: not specified in this filing.
• Footnotes:
  • F1: No conversion or exercise price applies; payout of the underlying securities will occur following the director's retirement (DDCP terms).
  • F2: Total includes the reinvestment of dividends.
• No indication this was a sale or exercise for immediate cash; it represents deferred compensation.

Context

• This is a deferred-compensation award (derivative interest) that typically vests or is paid out after the director's retirement—so it does not reflect an open-market buy or sell decision. Such awards are routine for board compensation and should be viewed as compensation-related rather than a direct trading signal.