Form 4: PPL Corp CEO Vincent Sorgi Reports Stock Transactions
SEC Form 4 Filing
PPL Corp CEO Vincent Sorgi reports the vesting of stock units and related tax withholding.
Summary
- On January 21, 2024, Vincent Sorgi, President and CEO of PPL Corp, reported transactions involving PPL common stock and stock units.
- 39,327.629 stock units vested at a price of $0.00, convertible into an equivalent number of common stock shares.
- Following the vesting, 11,687 shares were withheld by the company to cover taxes at a price of $26.01 per share.
- After these transactions, Sorgi directly owns 205,942.16 shares of PPL common stock and indirectly owns 167.111 shares held in trust through the Employee Stock Ownership Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 01/21/2024 | Date of stock unit vesting and tax withholding. |
| 01/23/2024 | Initial filing date with incorrect issuer information. |
| 03/05/2024 | Date of amended Form 4 filing. |
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