Form 4: PPL Corp Executive David Bonenberger Sells Shares Under 10b5-1 Plan

David Bonenberger, SVP & COO-Utilities of PPL Sub, sold 17,178 shares of PPL Corp common stock at $33.38 per share on February 3, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On February 3, 2025, David J. Bonenberger, SVP & COO-Utilities of PPL Sub, sold 17,178 shares of PPL Corp common stock.
• The sale was executed at a price of $33.38 per share.
• This transaction was conducted under a 10b5-1 trading plan established on August 14, 2024.
• Following the transaction, Bonenberger directly owns 45,414.229 shares of PPL Corp common stock.
• Bonenberger also indirectly owns 4,920.403 shares held in trust pursuant to the Employee Stock Ownership Plan and 100 shares held by his spouse in an IRA.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was executed under a pre-arranged 10b5-1 trading plan, which doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects; however, sales under a 10b5-1 plan are pre-arranged and may not necessarily reflect the executive's current sentiment on the company's performance.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but the pre-arranged nature of the 10b5-1 plan mitigates concerns about insider sentiment.

Key Dates