Form 4: PPL Corp Director Keith H. Williamson Acquires Stock Units Through Deferred Compensation Plan

Director Keith H. Williamson acquired 1,320.696 stock units of PPL Corp through the Directors Deferred Compensation Plan on January 2, 2025.

Summary

• Keith H. Williamson, a director at PPL Corp, acquired 1,320.696 stock units through the company's Directors Deferred Compensation Plan (DDCP) on January 2, 2025.
• These stock units were acquired at a price of $32.18 per unit.
• The total number of common stock units beneficially owned by Williamson following this transaction is 128,152.019, which includes reinvested dividends.
• The payout of the underlying securities will occur following Williamson's retirement, as per the terms of the DDCP.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is neither particularly positive nor negative. It is a standard practice and does not indicate any significant change in the company's financial health or outlook.

Future Outlook

The stock units will be paid out to the director upon retirement, as per the terms of the Directors Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure of a director's stock unit acquisition through a deferred compensation plan, which is a common practice in corporate governance.

Comparison to Industry Standards

• Deferred compensation plans are a common method of executive compensation across various industries, including utilities like PPL Corp.
• The acquisition of stock units by directors is a standard practice and is often used to align the interests of management with those of shareholders.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

PPL Corp, Director, Stock Units, Deferred Compensation, Beneficial Ownership, DDCP, Form 4