Form 4: PPL Corp Executive Bonenberger Reports Stock Transactions
SEC Form 4 Filing
David J. Bonenberger, a PPL Corp executive, reports the acquisition and disposal of common stock and stock units related to incentive compensation.
Summary
- David J. Bonenberger, a Senior Vice President and Chief Operating Officer Utilities at PPL Corp, filed a Form 4 detailing changes in beneficial ownership.
- On January 21, 2024, Bonenberger acquired 1,522 shares of common stock at $26.01 per share and disposed of 560 shares for tax purposes at the same price.
- Following these transactions, Bonenberger directly owns 39,023.53 shares of common stock and indirectly owns 4,754.75 shares held in trust and 100 shares by spouse in IRA.
- Bonenberger also reports the vesting of 1,522 stock units (ICPKE) on January 21, 2024, convertible to common stock.
Sentiment
Score: 6
Explanation: The document is a routine disclosure of stock transactions by an executive, with no inherently positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Senior Vice President and Chief Operating Officer Utilities | Unknown | David J. Bonenberger | 03/04/2024 | New Title |
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 01/21/2024 | Date of stock acquisition, disposal, and vesting of stock units |
| 01/23/2024 | Initial filing date (incorrectly filed) |
| 03/04/2024 | David J. Bonenberger's title changed to Senior Vice President and Chief Operating Officer Utilities |
| 03/05/2024 | Date of corrected Form 4 filing |
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