WOOD PHOEBE A 4
4 · PPL Corp · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
PPL Director Phoebe A. Wood Receives Award of 1,228 Shares
What Happened
Phoebe A. Wood, a director of PPL Corp (PPL), received a grant of 1,228.243 deferred shares on 2026-07-01. The filing shows a per-share reference price of $35.62 and a total grant value of approximately $43,750. This transaction is recorded as an award (code A) and represents a derivative/compensation grant rather than an open-market purchase.
Key Details
- Transaction date: 2026-07-01; filing date: 2026-07-02 (appears timely).
- Award: 1,228.243 shares at $35.62 reference price; total value ≈ $43,750.
- Shares owned after transaction: not specified in this Form 4 filing.
- Footnote F1: No conversion or exercise price applies; payout of the underlying securities will occur following the director’s retirement under the Directors Deferred Compensation Plan (DDCP).
- Footnote F2: Total includes reinvestment of dividends.
- Transaction code: A (award/grant); this is a deferred compensation award (derivative), not an immediate cash purchase.
Context
This is a routine director deferred-compensation award. Because the grant is payable following retirement under the DDCP and is structured as a deferred/derivative award, it should not be interpreted as an immediate market purchase or sale. Such awards are common for non-employee directors and reflect compensation rather than a direct trading signal.
Insider Transaction Report
- Award
Stock Unit (DDCP)
[F1][F2]2026-07-01$35.62/sh+1,228.243$43,750→ 53,697.789 total→ Common Stock (1,228.243 underlying)
Footnotes (2)
- [F1]No conversion or exercise price applies as, under the terms of the Directors Deferred Compensation Plan (DDCP), payout of the underlying securities will occur following a director's retirement.
- [F2]Total includes the reinvestment of dividends.