Form 4: PPL Corp Director Madabhushi Acquires Stock Units Through Deferred Compensation Plan
SEC Form 4 Filing
Director Venkata R. Madabhushi acquired 1,454.545 stock units of PPL Corp through the Directors Deferred Compensation Plan on April 1, 2024.
Summary
- On April 1, 2024, Venkata R. Madabhushi, a director of PPL Corp, acquired 1,454.545 stock units through the Directors Deferred Compensation Plan (DDCP).
- The price per stock unit was $27.5.
- Following the transaction, Madabhushi directly owns 79,949.497 shares of PPL Corp common stock, which includes reinvested dividends.
- The payout of the underlying securities will occur following the director's retirement, as per the terms of the DDCP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company directors and officers.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine acquisition of stock units by a director.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of stock units under DDCP |
| 04/02/2024 | Date of signature on the Form 4 filing |
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