Form 4: PPL Corp Director Art P. Beattie Reports Acquisition of Stock Units
SEC Form 4
Director Art P. Beattie reports acquiring stock units in PPL Corp through the Directors Deferred Compensation Plan.
Summary
- On October 1, 2024, Art P. Beattie, a director of PPL Corp, acquired 1,767.981 stock units under the Directors Deferred Compensation Plan (DDCP).
- The price per share was $33.23.
- Following the transaction, Beattie directly owns 36,728.705 shares of common stock, which includes reinvested dividends.
- The stock units will be paid out following the director's retirement.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it's a standard regulatory filing detailing a transaction related to director compensation. It doesn't inherently indicate positive or negative performance for the company.
Future Outlook
The payout of the underlying securities related to the stock units will occur following the director's retirement.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in beneficial ownership.
- The transaction reflects the compensation structure for directors.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Acquisition of stock units. |
| 10/02/2024 | Date of signature for the Form 4 filing. |
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