WOOD PHOEBE A 4

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.