Madabhushi Venkata R 4

What Happened
Madabhushi Venkata R, a director of PPL Corp (PPL), was granted 1,228.243 deferred stock units on 2026-07-01 at an implied value of $35.62 per unit, totaling $43,750. The filing shows this as a derivative award (code A) under PPL’s Directors Deferred Compensation Plan; the units are deferred compensation rather than immediately tradable common shares.

Key Details

• Transaction date: 2026-07-01; Form 4 filed 2026-07-02 (timely filing).
• Transaction type: Award / other acquisition (derivative units).
• Units granted: 1,228.243; price/value per unit: $35.62; total reported value: $43,750.
• Shares/units owned after transaction: Not specified in the filing.
• Footnote F1: No conversion/exercise price applies — payout of the underlying securities occurs following the director’s retirement.
• Footnote F2: Total includes reinvestment of dividends.

Context
This was a deferred-compensation grant to a director, meaning the award represents a future payout (typically in stock or cash) after certain conditions (e.g., retirement) rather than an immediate open-market purchase or sale. Such awards are common for director compensation and do not, by themselves, indicate the director is buying or selling shares on the open market.