PPL President of Subsidiary Christine Martin Receives 1,212 Shares

What Happened

• Christine M. Martin, president of a PPL subsidiary, had 1,212 restricted stock units (RSUs) vest on September 1, 2026. The vesting resulted in 1,212 shares reported at $34.47 each (total value ≈ $41,778). To satisfy tax withholding obligations, 346 of those shares were withheld by the company (value ≈ $11,927). This was a compensation vesting event (award conversion), not a market purchase or discretionary sale.

Key Details

• Transaction date: 2026-09-01; filing date: 2026-09-02 (filed the next day).
• Reported values/prices: 1,212 shares at $34.47 each (≈ $41,778); 346 shares withheld at $34.47 each (≈ $11,927).
• Net shares received by the insider: 1,212 - 346 = 866 shares.
• Footnotes: F2 confirms the 346 shares were withheld to pay taxes under the Stock Incentive Plan for RSUs granted 09/01/2023; F3 notes the units vested on 09/01/2026 and had no conversion/exercise price; F1 indicates totals include reinvestment of dividends where applicable.
• Transaction codes: M = exercise/conversion (here, RSU vesting into shares); F = shares withheld for tax payment.
• Timeliness: Filing was made one day after the transaction date — within normal Form 4 timing requirements.

Context

• This was a routine compensation vesting (award conversion), not an open-market buy or sell; withheld shares to cover taxes are common and do not by themselves indicate a change in insider sentiment. The derivative line at $0.00 reflects that the RSUs had no exercise price and simply converted to common shares upon vesting.