Form 4: PPL Corp Director Linda G. Sullivan Reports Acquisition of Stock Units
SEC Form 4
Director Linda G. Sullivan reports acquisition of PPL Corp stock units through the Directors Deferred Compensation Plan.
Summary
- On October 1, 2024, Linda G. Sullivan, a director of PPL Corp, acquired 1,203.732 stock units under the Directors Deferred Compensation Plan (DDCP).
- The price per stock unit was $33.23.
- Following the transaction, Sullivan beneficially owns 11,665.611 shares of common stock, which includes reinvested dividends.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock unit acquisition by a company director. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Future Outlook
Payout of the underlying securities will occur following the director's retirement, according to the terms of the Directors Deferred Compensation Plan (DDCP).
Industry Context
This filing is a routine disclosure of a director's stock unit acquisition, which is common for publicly traded companies with deferred compensation plans for their directors. It reflects standard practice in executive compensation and corporate governance.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is part of a director's compensation plan.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Linda G. Sullivan acquired stock units. |
| 10/02/2024 | Date of report signature. |
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