Bonenberger David J 4

What Happened

• David J. Bonenberger, EVP & COO — Utilities at PPL Corp, had 216.511 restricted stock units (RSUs) vest on April 24, 2026. The filing shows these units converted to common shares at a reported $38.75 per share (gross value ≈ $8,390).
• To cover tax withholding, 95 of the vested shares were surrendered to the company (95 × $38.75 = $3,681), leaving a net delivery of about 121.511 shares (net value ≈ $4,709). This was a vesting/settlement of compensation awards, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-24; Form 4 filed 2026-04-28 (filed within the typical two-business-day window).
• Vesting/Conversion: 216.511 derivative units converted to shares at $38.75/share (gross ≈ $8,390).
• Tax withholding: 95 shares withheld by the company to satisfy tax obligations (value ≈ $3,681).
• Net shares received: ~121.511 shares (net value ≈ $4,709).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: F2 confirms shares were withheld at the officer’s request to pay taxes; F3 notes these 216.511 units were the first installment of a 649.535 RSU grant (remaining installments of ~216.511 and ~216.513 shares vest on 04/25/2027 and 04/25/2028). F1 indicates totals include dividend reinvestment where applicable.
• Filing timeliness: appears timely (filed within two business days).

Context

• This was a routine compensation vesting/settlement (RSU conversion). The company withheld shares to cover taxes rather than the insider selling shares on the open market. Such vesting events reflect compensation realization, not an explicit buy or sell signal.