DE LIMA ARMANDO ZAGALO 4

What Happened
Armando de Lima Zagalo, a director of PPL Corp (PPL), was credited with 1,754.633 share units under the company’s Directors Deferred Compensation Plan on July 1, 2026. The award is shown at a unit value of $35.62 for a total reported value of $62,500. The transaction is reported as a derivative acquisition (code A), not a cash purchase.

Key Details

• Transaction date: 2026-07-01; unit price shown: $35.62; total value: $62,500.
• Securities: 1,754.633 derivative share units (reported as an acquisition).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — no conversion/exercise price applies; payout of underlying securities will occur following the director’s retirement under the DDCP. F2 — total includes reinvestment of dividends.
• Filing timeliness: no late filing indicated in the provided data.

Context
This award reflects deferred compensation credited as share units (a derivative entitlement) that will convert to actual shares or payout upon the director’s retirement per the DDCP terms. Such grants are compensation-related and differ from open-market purchases — they don’t represent an immediate cash investment by the insider.